DARIEN, Conn.--(BUSINESS WIRE)--Oct. 31, 2014-- Genesee & Wyoming Inc. (G&W) (NYSE:GWR) Third Quarter Highlights Total operating revenues increased 7.8% to $432.5 million. Adjusted income from operations increased 16.7% to $122.6 million; Reported income from operations increased 21.0% to $123.1 million. (1) Adjusted operating ratio improved 2.1 percentage points to 71.7%; Reported operating ratio of 71.5% (71.4% North American & European Operations; 72.3% Australian Operations). (1) Adjusted income before income taxes (pre-tax incom... More...
I find this interesting. The G&W owns a shortline where I grew up, the Puget Sound & Pacific. The interesting thing about this is that in the paper yesterday I read while at my parents house that the line from Centralia to Aberdeen is in dire need of upgrades. The current track speed is 10mph. The G&W applied for a federal grant and that was DENIED. Well according to this article a spokesperson for the G&W says currently they just dont have the funds to perform the necessary upgrades to meet demands. Interesting to say the least................... Ryan
