7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Information
Secretary-Treasurer
Merchandise
Communications
FELA
Events
Links
User Info

Genesee & Wyoming’s net profit falls during 3Q 2019

(Source: Freight Waves, November 7, 2019)

CHATTANOOGA, Tenn. — Net profit for short line operator Genesee & Wyoming (G&W) slipped in the third quarter amid lower revenues and rail volumes. Third-quarter net income attributable to G&W totaled $66.8 million, or $1.16/diluted share, compared with $69.6 million, or $1.16/diluted share, in the third quarter of 2018, according to the company’s 10-Q filing to the U.S. Securities and Exchange Commission (SEC). The short line operator no longer hosts earnings calls for investors or issues releases because Brookfield Infrastructure and other partners sought in July to acquire G&W at a transaction price of $112/share per common stock. That acquisition is expected to become final by the end of 2019 or in early 2020.

Full story: Freight Waves

Friday, November 8, 2019

Like us on Facebook at
Facebook.com/BLETNational

Sign up for BLET News Flash Alerts

© 1997-2019 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

Rail worker killed in north Wichita yard accident
Fatal CP Rail accident at Port Coquitlam, B.C.
Death of CP Rail engineer highlights union’s safety concerns
CN ramps up service as propane, grain industries demand priority
Canada’s crude oil production will rise 50% by 2040, national regulator forecasts
Thicker Canadian crude to move on rails amid full pipelines
CP Rail sets new record for monthly grain movements
Norfolk Southern makes changes to demurrage and accessorial charges
RRB Q&A: Credit for military service under the Railroad Retirement Act
Get the latest labor news from the Teamsters

More Headlines