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 Mahoning Valley Railway Co. (MVRY), a subsidiary of Genesee & Wyoming Inc., will serve Pilot/Flying J’s new diesel exhaust fluid (DEF) terminal in Struthers, Ohio.
Norfolk Southern on Sept. 18 said it had completed the acquisition of 282 miles of the Delaware & Hudson Railway Co.’s (D&H) line between Sunbury, Pa., and Schenectady, N.Y.
Louisville & Indiana Railroad and CSX have reached an agreement giving CSX a permanent easement to operate over the L&I’s 106-mile rail corridor between Indianapolis and Louisville.
Norfolk Southern Corp. is acquiring from the Delaware & Hudson Railway Co. (D&H), a subsidiary of Canadian Pacific Railway, 282.55 miles of rail line between Sunbury, Pa., and Schenectady, N.Y., in a $217 million sale.
Genesee & Wyoming Inc. earlier this month said it has signed an agreement with Pinsly Railroad Company of Westfield, Mass., to acquire certain subsidiaries that constitute Pinsly’s Arkansas Division for $40 million in cash, subject to adjustment for final working capital.