Genesee & Wyoming (G&W), the largest short line railroad holding company in North America, recently provided an update on its 44 ongoing industrial development projects in 16 states.
The projects account for more than $1 billion in customer investments and add more than 82,000 carloads to the rail industry.
“Industrial development projects are a key component of our growth strategy and whether customers are constructing new plants, expanding existing facilities or even re-opening shuttered sites, the recent projects along our footprint demonstrate that they view rail transportation as critical to their success,” G&W CEO Michael Miller said. “Customers recognize the safety, efficiency and economic benefits of using rail to transport their raw materials or finished goods, and they trust G&W railroads to meet their needs and grow alongside them.”
The majority of the projects are in the agriculture, chemical, and minerals and stone sectors. Several projects also involve the establishment of rail-to-truck transloading sites.
Genesee & Wyoming is owned by Toronto-based Brookfield Infrastructure Partners, and GIC. Its subsidiaries and joint ventures serve 2,000 customers over more than 13,000 miles of track on more than 100 owned or leased freight railroads. The company includes a database on its website of industrial development parks and sites along its railroads.