North American Short-Line Railroad Tuck-In Acquisitions Are Genesee & Wyoming's Specialty
Short-line railroad specialist Genesee & Wyoming posted consolidated top-line growth of about 5%, to $603 million, which didn’t deviate materially from our expectations. On a year-over-year basis, growth came from solid expansion in North American carload volume across most commodity groups and improving intermodal pricing in the United Kingdom, partly offset by foreign exchange headwinds and the ERS Railway divestiture (June 2018) in the U.K./Europe division. Despite some noise, underlying ...Genesee & Wyoming owns or leases freight railroads worldwide. The company has three segments: North American Operations, which includes several regions that serve U.S. states and Canadian provinces and includes short line and regional freight railroads; Australian Operations, which serves New South Wales, the Northern Territory and South Australia and operates the Tarcoola-to-Darwin rail line; and U.K./European Operations, which is led by Freightliner Group Limited, a rail maritime intermodal operator and rail freight provider, as well as regional rail services in Continental Europe.
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