North American Short-Line Railroad Tuck-In Acquisitions Are Genesee & Wyoming's Specialty
Short-line railroad specialist Genesee & Wyoming’s consolidated top line increased about 1% in the fourth quarter, largely in line with our expectations. On a year-over-year basis, relatively modest revenue growth stems from unfavorable foreign exchange, the June 2018 ERS Railway divestiture in Europe, and the expiration of a few short-line leases in Canada. Excluding these items, we estimate that same-rail revenue increased in the midsingle digits, as strength in North American carloads (ac...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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