By Keith Fender
CANADIAN investors Brookfield Infrastructure and Singapore’s sovereign wealth fund GIC have bought Genesee & Wyoming (G&W), which owns Freightliner, for US $8.4billion.
The deal is subject to shareholder and government approvals, and should be completed in 2020.
G&W has grown from one short freight line in the USA in the late-1970s to a global rail freight company, buying multiple ‘shortline’ freight railways in the USA since the 1980s, and expanding internationally from the late-1990s.
Read more in the September 2019 issue of The RM – on sale now!
Railway ReadsFrom the history of steam through to 21st century rail transport news, we have titles that cater for all rail enthusiasts. Covering diesels, modelling, steam and modern railways, check out our range of magazines and fantastic subscription offers.
Get The Railway Hub Weekly Round-upEnter your e-mail address below and you will receive weekly rail news straight into your inbox...
You can unsubscribe at any time.
About the Author
- Puffing Billy – the world’s oldest surviving steam locomotive - 18th January 2022
- London-Cornwall sleeper trains disrupted for eight weeks - 18th January 2022
- Plans for new £5.9m collection building go on display at Locomotion in Shildon - 18th January 2022