Choice Terminal™ Bulk Transfer Facility Opens on G&W’s Georgia Southwestern Railroad
BAINBRIDGE, Ga.--(BUSINESS WIRE)--Aug 13, 2019--
Genesee & Wyoming Inc. (G&W)(NYSE:GWR) today announced the opening of a Choice Terminal™ bulk transfer facility on its Georgia Southwestern Railroad, Inc. (GSWR) subsidiary in Bainbridge.
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Genesee & Wyoming Inc. today announced the opening of a Choice Terminal™ bulk transfer facility on its Georgia Southwestern Railroad subsidiary in Bainbridge, Ga. (Graphic: Business Wire)
Operated by G&W railroads, Choice Terminals transfer bulk materials – including agricultural products, aggregates, chemicals and lumber – between railcars and trucks, providing customers who are not located directly on a railroad with the opportunity to reduce transportation costs by using rail rather than long-haul trucks.
“Customers in southwest Georgia, southeast Alabama and the nearby Florida Panhandle can receive inbound, bulk raw materials via rail at the Bainbridge terminal, hold them on site, and have them delivered to their facilities via truck on a just-in-time basis,” said Jim Irvin, GSWR president. “Likewise, outbound bulk products can be transported to the terminal via truck for loading onto railcars to their final destinations.”
Rick McCaskill, executive director of the Development Authority of Bainbridge & Decatur County, Georgia, said, “We appreciate the partnership we have with G&W and their railroad, the GSWR, with the new Choice Terminal at Bainbridge. We feel that this transload terminal will help attract new industry to this area and increase the transportation options of current businesses that do not have direct access to rail today.”
GSWR’s Choice Terminal is located on a 15-acre site with two tracks accommodating 19 total railcars and offers open-truck access. The 270-mile GSWR provides customers with access to the North American rail network via interchanges with Class I railroads CSX and Norfolk Southern.
G&W owns or leases 120 freight railroads organized in eight locally managed operating regions with 8,000 employees serving 3,000 customers.
- G&W’s six North American regions serve 41 U.S. states and four Canadian provinces and include 114 short line and regional freight railroads with more than 13,000 track-miles.
- G&W’s Australia Region serves New South Wales, the Northern Territory and South Australia and operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by G&W and 48.9% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.
- G&W’s UK/Europe Region includes the U.K.’s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.
G&W subsidiaries and joint ventures also provide rail service at more than 40 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, contract coal loading, and industrial railcar switching and repair.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Genesee & Wyoming's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190813005604/en/
CONTACT: Michael Williams, G&W Corporate Communications
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA
INDUSTRY KEYWORD: TRANSPORT RAIL
SOURCE: Genesee & Wyoming Inc.
Copyright Business Wire 2019.
PUB: 08/13/2019 04:05 PM/DISC: 08/13/2019 04:05 PM