Month: June 2010

GREENWICH, Conn. — Genesee & Wyoming Inc. said it has signed an agreement to acquire the assets of FreightLink Pty Ltd, Asia Pacific Transport Pty Ltd and related corporate entities $277.2 million, plus the assumption of debt with a carrying value of $1.4 million. In addition, GWI expects to incur transaction-related expenses of $19.1 million, principally related to the payment of stamp duty (an Australian asset transfer tax). The acquisition of FreightLink is contingent upon customary closing conditions, including the receipt of certain governmental approvals. GWI expects to close the acquisition and to commence operations in the fourth quarter of

SPRINGDALE, Ark. — The Environmental Protection Agency (EPA) has recognized BNSF Logistics with its outstanding environmental performance designation in the SmartWay Transport Partner program. BNSF Logistics has been a SmartWay Transport Partner since 2005 and activities under its annual program objectives have generated the highest score possible — 1.25. “Our customers demand environmentally and financially sustainable solutions from their supply chain partners,” stated Eric Wolfe, BNSF Logistics vice president and general manager. “Customers are taking a long-term view of decisions they are making today and seeking partners who can present modal alternatives that benefit the environment. Our expertise in providing

WASHINGTON — Metro’s Board of Directors approved a contract to have Kawasaki Rail Car Inc. manufacture 428 new generation Metrorail cars known as the Series 7000 cars at a cost of $886 million. The cars will address Metro’s number one safety priority to replace its oldest rail cars (Series 1000).