Year: 2016

Genesee & Wyoming subsidiary Genesee & Wyoming Australia (GWA) is buying Glencore Rail (GRail) for A$1.14 billion. It will also concurrently issue a 49 percent equity stake in GWA to funds managed by Macquarie Infrastructure and Real Assets (MIRA).

Genesee & Wyoming subsidiary Bay Line Railroad entered into an agreement with the Panama City Port Authority to operate a Choice Terminal bulk transload facility at the port’s Intermodal Distribution Center (IDC).

The N.J. Transit train that crashed into Hoboken Terminal last week accelerated to 21 mph before the crash, the NTSB said.