Genesee and Wyoming Inc. is an American short-line and regional freight railroad holding company founded in 1899 to serve a gypsum mine near Genesee County and Wyoming County, New York. It grew from that single short line into one of the largest short-line railroad operators in the world, owning and operating freight railroads and providing related rail services across North America, the United Kingdom, continental Europe and Australia. The company's business model concentrates on serving individual industrial shippers and connecting them to Class I railroads, filling gaps the major national networks do not serve directly. Genesee and Wyoming was taken private in 2019 when it was acquired by Brookfield Infrastructure and GIC in a deal valuing the company at roughly eight billion dollars, and it continues to operate under its own name as a private freight rail holding company.
Facts
Partially Attested
Founded YearHolding company Genesee and Wyoming Railroad Inc. was organized in 1977 when Mortimer B. Fuller III purchased the railroad, the earlier Genesee and Wyoming Railroad was already operating when Edward L. Fuller bought it out of bankruptcy in 1899, so sources differ on which date marks the entity's founding, and this conflicts with the existing description's 1899 date. Connections
Operates
Source Wikipedia: Utah Railway
Sources
1. Genesee & Wyoming (Wikipedia)
History sectionQuote, History section
The holding company, Genesee & Wyoming Railroad Inc., was organized during the same year, and the railroad became its subsidiary.
View the Source Wikipedia: Utah Railway
WikipediaOperates: Utah Railway, History section, 2002 sale sentence
Parent company Mueller Industries, a manufacturer of copper products, sold the Utah Railway in 2002 to Genesee & Wyoming Inc., a railroad holding company.
Operates: Utah Railway, Lead section, ownership clause
The Utah Railway (reporting mark UTAH) is a class III railroad operating in Utah and Colorado, and owned by Genesee & Wyoming Inc.
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