(Railfanning.org News Wire) — Genesee & Wyoming Inc. plans to separate into three distinct holding companies, which will operate under the continued ownership of Brookfield and GIC.
Pending regulatory approval, the three companies are expected to begin operating independently on Jan. 1, 2027, each with its own board of directors, leadership teams and capital structures.
Atlantic & Great Lakes Transportation Inc. will comprise G&W operations in New England, New York, Ohio and Pennsylvania and will include the Berkshire & Eastern Railroad. The Atlantic & Great Lakes will be based in Rochester and led by CEO Bill Keough, who has been with G&W for eight years and most recently served as regional senior vice president.
Canyon & Cascade Transportation Inc. will be comprised of G&W operations in Washington, Oregon, California, Arizona and New Mexico. Canyon & Cascade will be based in Phoenix and led by CEO David Franklin, most recently a divisional vice president at G&W, and has been with the company for 24 years.
Genesee & Wyoming Inc. will retain the other subsidiary operations in the Midwest, Southeast and Central United States, as well as Canada, about 65% of the business as it currently exists. G&W will be based in Jacksonville and continue to be led by Michael Miller, who has served as CEO since 2023.
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