Genesee & Wyoming Inc. (G&W) (NYSE:GWR) has announced that it has completed its acquisition of the shares of Atlantic Western Transportation, Inc., parent company of Heart of Georgia Railroad, Inc. (HOG). Terms of the acquisition were not disclosed.
HOG was founded in 1999 and operates across the state of Georgia on 219 miles of track leased from the Georgia Department of Transportation. It connects with G&W’s Georgia Southwestern Railroad at Americus, Ga., and with G&W’s Georgia Central Railway at Vidalia, Ga. HOG serves an inland intermodal terminal at Cordele, Ga., providing five-day/week, direct rail service via the Georgia Central Railway to the Port of Savannah for auto, agricultural products and other merchandise customers. HOG has Class I railroad connections with CSX at Cordele and with Norfolk Southern at Americus and Helena, Ga.
HOG transports approximately 10 000 annual carloads of agricultural products, feed, fertilizer, and lumber and forest products, of which approximately 2000 carloads are interchanged with G&W’s Georgia Central Railway. HOG will be managed as one of G&W’s Coastal Region railroads, led by Senior Vice President Andy Chunko.
Read the article online at: https://www.drybulkmagazine.com/rail-barge/01062017/genesee-wyoming-completes-acquisition-of-heart-of-georgia-railroad/