Genesee & Wyoming Inc. (G&W) today announced that it is planning to separate into three distinct holding companies, effective January 1, 2027. The three companies, each under the continued ownership of Brookfield and GIC, will be:
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- Atlantic & Great Lakes Transportation Inc., which will be made up of G&W operations in New England (including Berkshire & Eastern Railroad), New York, Ohio and Pennsylvania. Atlantic & Great Lakes will be based in Rochester and led by CEO Bill Keough, who has been with G&W for eight years and most recently served as regional senior vice president.
- Canyon & Cascade Transportation Inc., which will be comprised of G&W operations in Washington, Oregon, California, Arizona and New Mexico. Canyon & Cascade will be based in Phoenix and led by CEO David Franklin, who was most recently a divisional vice president at G&W and has been with the company for 24 years.
- Genesee & Wyoming Inc., which will retain the other subsidiary operations in the Midwest, Southeast and Central United States, as well as Canada – about 65% of the business as it currently exists. G&W will be based in Jacksonville and continue to be led by Michael Miller, who has served as CEO since 2023.
“Over the past several years, our focus at G&W has been on creating a culture of continuous improvement and making us nimbler in the face of accelerated market changes, technology enhancements and global complexity to ensure long-term survival and growth,” said Miller. “The divisional structure we rolled out in 2023 brought our railroads closer to customers, demonstrated by a record-setting overall customer satisfaction score in 2025, so this change is a logical evolution of that structure. We believe creating three regional businesses with dedicated operating and support teams will enable higher levels of customer service, faster decision making and deeper community engagement. Moreover, operating as three smaller, independent companies will help to drive new levels of growth and efficiency that we are unable to achieve in our current state.”
"Bill and David’s deep industry knowledge and broad operating experience, coupled with their long tenures at G&W, more than qualify them to build and grow these two sister companies to G&W,” Miller continued. “What will not change for any of the three companies is the safety-first culture and values that have enabled us to build our collective heritage over the past 127 years.”
Pending regulatory approval, the three companies are expected to begin operating independently January 1, 2027 – each with its own board of directors, leadership teams and capital structures.
| Appendix A | ||
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| Genesee & Wyoming Inc. Railroads and Operating States / Provinces[1] | ||
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AGR |
Alabama & Gulf Coast Railway LLC [Alabama, Florida, Mississippi] |
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AN |
AN Railway, L.L.C. [Florida] |
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ALM |
Arkansas Louisiana & Mississippi Railroad Company [Arkansas, Louisiana] |
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AKMD |
Arkansas Midland Railroad Company, Inc. [Arkansas] |
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ATW |
Atlantic and Western Railway, Limited Partnership [North Carolina] |
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BXN |
Bauxite & Northern Railway Company [Arkansas] |
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BAYL |
The Bay Line Railroad, L.L.C. [Alabama, Florida] |
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CBNS |
Cape Breton & Central Nova Scotia Railway Limited [Nova Scotia] |
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CPDR |
Carolina Piedmont Railroad [South Carolina] |
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CIND |
The Central Railroad Company of Indiana [Indiana, Ohio] |
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CERA |
Central Railroad Company of Indianapolis [Illinois, Indiana, Ohio] |
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CIRR |
Chattahoochee Industrial Railroad [Georgia] |
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CCKY |
Chattooga & Chickamauga Railway Co. [Georgia, Tennessee] |
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CA |
Chesapeake & Albemarle Railroad [North Carolina, Virginia] |
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CFE |
Chicago, Ft. Wayne & Eastern Railroad [Indiana, Ohio] |
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CCH |
Columbus & Chattahoochee Railroad, Inc. [Alabama] |
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CAGY |
Columbus and Greenville Railway Company [Mississippi] |
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CWRY |
Commonwealth Railway, Incorporated [Virginia] |
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COEH |
Conecuh Valley Railway, L.L.C. [Alabama] |
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DGNO |
Dallas, Garland & Northeastern Railroad, Inc. [Texas] |
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DTR |
Delphos Terminal Company, Inc. [Ohio] |
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ETRY |
East Tennessee Railway, L.P. [Tennessee] |
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EARY |
Eastern Alabama Railway, LLC [Alabama] |
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FCRD |
First Coast Railroad Inc. [Florida, Georgia] |
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GVSR |
Galveston Railroad, L.P. [Texas] |
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GC |
Georgia Central Railway, L.P. [Georgia] |
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GSWR |
Georgia Southwestern Railroad, Inc. [Alabama, Georgia] |
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GEXR |
Goderich-Exeter Railway Company Limited [Ontario] |
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GITM |
Golden Isles Terminal Railroad, Inc. [Georgia] |
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GR |
Grand Rapids Eastern Railroad [Michigan] |
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HOG |
Heart of Georgia Railroad, Inc. [Alabama, Georgia] |
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HAL |
Hilton & Albany Railroad, Inc. [Georgia] |
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HCRY |
Huron Central Railway Inc. [Ontario] |
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HESR |
Huron & Eastern Railway Company, Inc. [Michigan] |
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IORY |
Indiana & Ohio Railway Company [Indiana, Michigan, Ohio] |
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IMRR |
Illinois & Midland Railroad, Inc. [Illinois] |
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ISRR |
Indiana Southern Railroad, LLC [Indiana] |
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KLT |
Knob Lake & Timmins Railway Company Inc. [Newfoundland & Labrador] |
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KRR |
Kiamichi Railroad Company L.L.C. [Arkansas, Oklahoma, Kansas] |
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KWT |
KWT Railway, Inc. [Kentucky, Tennessee] |
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KYLE |
Kyle Railroad Company [Colorado, Kansas] |
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LRWN |
Little Rock & Western Railway, L.P. [Arkansas] |
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LDRR |
Louisiana & Delta Railroad, Inc. [Louisiana] |
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LXVR |
Luxapalila Valley Railroad, Inc. [Alabama, Mississippi] |
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MQT |
Marquette Rail, LLC [Michigan] |
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| MMID | Maryland Midland Railway, Inc. [Maryland] |
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Maryland and Pennsylvania Railroad, LLC [Pennsylvania] |
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MNBR |
Meridian & Bigbee Railroad, L.L.C. [Alabama, Mississippi] |
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MS |
Michigan Shore Railroad [Michigan] |
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MMRR |
Mid-Michigan Railroad, Inc. [Michigan] |
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MNA |
Missouri & Northern Arkansas Railroad Company, Inc. [Arkansas, Kansas, Missouri] |
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NCVA |
North Carolina & Virginia Railroad Company, LLC [North Carolina, Virginia] |
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OTVR |
Otter Tail Valley Railroad Company, Inc. [Minnesota, South Dakota] |
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PCN |
Point Comfort & Northern Railway Company [Texas] |
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PNW |
The Prescott and Northwestern Railroad Company [Arkansas] |
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QGRY |
Quebec Gatineau Railway Inc./Chemins de fer Québec-Gatineau Inc. [Quebec] |
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RCPE |
Rapid City, Pierre & Eastern Railroad, Inc. [Minnesota, Nebraska, South Dakota, Wyoming] |
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RDR |
Red Deer Railway Limited [Alberta] |
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RLHH |
Southern Ontario Railway [Ontario] |
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RLK |
Ottawa Valley Railway [Ottawa] |
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RSOR |
Riceboro Southern Railway, LLC [Georgia] |
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SL |
Salt Lake City Southern Railroad Company, Inc. [Utah] |
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SAPT |
Savannah Port Terminal Railroad, Inc. [Georgia] |
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SCRF |
South Carolina Central Railroad Company, LLC [South Carolina] |
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SLR |
St. Lawrence & Atlantic Railroad Company [Maine, New Hampshire, Vermont] |
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SLQ |
St. Lawrence & Atlantic Railroad (Quebec) Inc./Chemin de fer St-Laurent & Atlantique (Québec) inc. [Quebec] |
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TZPR |
Tazewell & Peoria Railroad, Inc. [Illinois] |
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TNER |
Texas Northeastern Railroad [Texas] |
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TPW |
Toledo, Peoria & Western Railway Corp. [Illinois, Indiana] |
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TR |
Tomahawk Railway, Limited Partnership [Wisconsin] |
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UTAH |
Utah Railway Company [Colorado, Utah] |
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VR |
Valdosta Railway, L.P. [Georgia] |
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WSR |
Warren & Saline River Railroad Company [Arkansas] |
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WTRY |
Wilmington Terminal Railroad, Limited Partnership [North Carolina] |
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WGCR |
Wiregrass Central Railway, L.L.C. [Alabama] |
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WLRS |
Western Labrador Rail Services Inc. [Newfoundland & Labrador] |
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Yorkrail, LLC [Pennsylvania] |
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YRC |
York Railway Company [Pennsylvania] |
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| Atlantic & Great Lakes Transportation Inc. Railroads and Operating States[2] | ||
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AOR |
The Aliquippa & Ohio River Railroad Co. [Pennsylvania] |
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ALY |
Allegheny & Eastern Railroad, LLC [Pennsylvania] |
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BPRR |
Buffalo & Pittsburgh Railroad, Inc. [New York, Pennsylvania] |
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BERX |
Berkshire & Eastern Railroad [Connecticut, Massachusetts, New Hampshire, New York, Vermont] |
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CSO |
Connecticut Southern Railroad, Inc. [Connecticut, Massachusetts] |
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CUOH |
The Columbus & Ohio River Rail Road Company [Ohio] |
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DMM |
The Dansville and Mount Morris Railroad Company [New York] |
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GNWR |
Genesee and Wyoming Railroad Company [New York] |
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MVRY |
The Mahoning Valley Railway Company [Ohio] |
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MSTR |
The Massena Terminal Railroad Company [New York] |
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NECR |
New England Central Railroad, Inc. [Connecticut, Massachusetts, New Hampshire, Vermont] |
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OHPA |
Ohio and Pennsylvania Railroad Company [Ohio] |
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OHCR |
Ohio Central Railroad, Inc. [Ohio] |
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OSRR |
Ohio Southern Railroad, Inc. [Ohio] |
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PSR |
Pittsburg & Shawmut Railroad, LLC [Pennsylvania] |
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POHC |
The Pittsburgh & Ohio Central Railroad Company [Pennsylvania] |
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PW |
Providence and Worcester Railroad Company [Connecticut, Massachusetts, New York, Rhode Island] |
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RSR |
Rochester & Southern Railroad, Inc. [New York] |
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SB |
South Buffalo Railway Company [New York] |
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WTRM |
The Warren & Trumbull Railroad Company [Ohio] |
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WCOR |
Wellsboro & Corning Railroad, LLC [Pennsylvania, New York] |
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YARR |
Youngstown & Austintown Railroad, Inc. [Ohio] |
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YB |
The Youngstown Belt Railroad Company [Ohio] |
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| Canyon & Cascade Transportation Inc. Railroads and Operating States | ||
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ARZC |
Arizona & California Railroad Company [Arizona, California] |
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AZER |
Arizona Eastern Railway Company [Arizona, New Mexico] |
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CFNR |
California Northern Railroad Company [California] |
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CSCD |
Cascade and Columbia River Railroad Company [Washington] |
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CORP |
Central Oregon & Pacific Railroad, Inc. [California, Oregon] |
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OYLO |
Olympia & Belmore Railroad, Inc. [Washington] |
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PNWR |
Portland & Western Railroad, Inc. [Oregon] |
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PSAP |
Puget Sound & Pacific Railroad [Washington] |
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SDIY |
San Diego & Imperial Valley Railroad Company, Inc. [California] |
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SJVR |
San Joaquin Valley Railroad Co. [California] |
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VCRR |
Ventura County Railroad Company [California] |
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WPRR |
Willamette & Pacific Railroad, Inc. [Oregon] |
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[1] Maryland and Pennsylvania Railroad, LLC and Yorkrail, LLC are non-operating carriers that own rail lines operated by York Railway Company. Delphos Terminal Company, Inc. is a non-operating carrier that owns a rail line operated by Chicago, Ft. Wayne & Eastern Railroad. |
[2] Allegheny & Eastern Railroad, LLC and Pittsburg & Shawmut Railroad, LLC are non-operating carriers that own rail lines operated by Buffalo & Pittsburgh Railroad, Inc. The Dansville and Mount Morris Railroad Company is a non-operating carrier that owns a rail line operated by Rochester & Southern Railroad, Inc. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20261110754559/en/
Contacts
Tom Ciuba
Vice President of Communications
tom.ciuba@gwrr.com
