GREENWICH, Conn. — Genesee & Wyoming Inc. said that Hurricane Ike is not expected to have a material impact on its financial results in the third quarter of 2008.
GWI’s subsidiary, Galveston Railroad, provides rail service at the Port of Galveston, which was directly struck by Hurricane Ike. Galveston Railroad’s equipment and property did not sustain significant damage from the hurricane. However, local and port-related rail service is expected to remain suspended into the fourth quarter of 2008.
The suspension is not expected to have a material impact on GWI’s financial results.
— Edited from PRNewswire-FirstCall