Year: 2024
Genesee & Wyoming Deal With Grupo México Transportes Closes
Genesee & Wyoming’s previously proposed transaction to partner with Grupo México Transportes as owners of CG Railway closed on Sept. 30. As part of this transaction, G&W now independently owns Central Gulf Railcar Services, a railcar repair shop located in Mobile, Alabama. CGRS specializes in railcar maintenance and repair. It can accommodate up to 90 railcars at a time and offers transload storage for up to 14 railcars. “With the addition of CGRS, G&W will focus on providing safe and efficient railcar maintenance in the Mobile area, which can assist shippers in managing their railcar fleets throughout the Southeast U.S.,”