G&W aquires RailAmerica

For discussion of the various Class III Lines of the Genesee & Wyoming Inc. Railroad Holding Co. short-lines. Their Class II holdings should be discussed in the relevant separate forums above.

Their website is here: GWRR.com
A list of their holdings is here: Wikipedia List

Re: G&W aquires RailAmerica

Postby MikeVT » Wed Aug 01, 2012 6:05 pm

They are kinda sweating it up here. Been through a couple of buyouts myself (not RR) and it can be scary
MikeVT
 
Posts: 155
Joined: Wed Jun 17, 2009 6:55 pm

Re: G&W aquires RailAmerica

Postby BrianS » Mon Aug 06, 2012 5:57 pm

I believe we are at 23.37 /hr. Yes if they cut pay, I will have to pull the pin as I cannot live on less. Yeah they told us/you that there will be no wage/vacation cuts until they negotiate a new contract after the takeover happens when your current one is up.
BrianS
 
Posts: 70
Joined: Fri Apr 23, 2004 10:00 pm

Re: G&W aquires RailAmerica

Postby F-line to Dudley via Park » Fri Oct 05, 2012 9:06 am

G&W announced this week that the acquisition is completed, with financing plan approved for paying for it. RA has been placed in a trust pending final decision from the STB to commence control of the company.

http://www.progressiverailroading.com/s ... ust--32768
F-line to Dudley via Park
 
Posts: 7225
Joined: Fri Mar 11, 2005 7:26 pm
Location: North Cambridge

Re: G&W aquires RailAmerica

Postby rovetherr » Sun Dec 23, 2012 9:22 am

Fair use from Railway Age,
The Surface Transportation Board (STB) has approved Genesee & Wyoming Inc.’s application to control RailAmerica, Inc., and the RailAmerica railroads, effective Dec. 28, 2012.

More at
http://www.railwayage.com/index.php/freight/short-lines/stb-approves-gwi-railamerica-transaction.html?channel=94

And the actual STB decision,
http://www.stb.dot.gov/decisions/readingroom.nsf/UNID/99D3EC311C35794C85257ADA006859F5/$file/42772.pdf
paddy
DSLE to the stars!
My RR pics
Jack Donaghy wrote:I'm already not liking some of these people, reminds me of being on the bus
rovetherr
 
Posts: 191
Joined: Wed Jan 13, 2010 11:15 am
Location: Still on the wrong side of the tracks

Re: G&W aquires RailAmerica

Postby mrconductor55 » Mon Jan 07, 2013 7:32 pm

This should be interesting. I'll have to make a trip down to Peoria soon to see the combined Tazewell and Peoria, Illinois & Midland Railroad, and Toledo, Peoria, and Western railroads!
User avatar
mrconductor55
 
Posts: 147
Joined: Tue Jul 22, 2008 1:04 am

Re: G&W aquires RailAmerica

Postby MEC407 » Fri Nov 08, 2013 6:05 pm

I'm not sure if we have a dedicated G&W forum or even a dedicated G&W thread — I couldn't find one — so I'm posting this here, but I encourage the mods to move my post if they know of a better venue for it.

- - -

Thanks to RAILROAD.NET member "bostontrainguy" for alerting me to this incident.

From The Globe and Mail:

The Globe and Mail wrote:A 90-car train carrying crude oil derailed and exploded in a rural area of western Alabama early on Friday, leaving 11 cars burning and potentially bolstering the push for tougher regulation of a boom in moving oil by rail.

No injuries have been reported, but 20 of the train’s cars derailed and 11 were still on fire, the train owner, Genesee & Wyoming, said in a statement. Those cars, which threw flames 100 metres into the night sky, are being left to burn down, which could take up to 24 hours.

A local official said the crude oil had originated in North Dakota, home of the booming Bakken shale patch. If so, it may have been carrying the same type of light crude oil that was on a Canadian train that derailed in the Quebec town of Lac-Mégantic this summer, killing 47 people.


Read the rest of the article at: http://www.theglobeandmail.com/report-o ... e15351149/
MEC407
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives
User avatar
MEC407
 
Posts: 10695
Joined: Thu Mar 11, 2004 8:15 pm

Previous

Return to Genesee & Wyoming Inc. Class III Lines

Who is online

Users browsing this forum: No registered users and 2 guests