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

 
Genesee & Wyoming Inc. Railroads and Operating States / Provinces[1]

 

AGR

Alabama & Gulf Coast Railway LLC [Alabama, Florida, Mississippi]

AN

AN Railway, L.L.C. [Florida]

ALM

Arkansas Louisiana & Mississippi Railroad Company [Arkansas, Louisiana]

AKMD

Arkansas Midland Railroad Company, Inc. [Arkansas]

ATW

Atlantic and Western Railway, Limited Partnership [North Carolina]

BXN

Bauxite & Northern Railway Company [Arkansas]

BAYL

The Bay Line Railroad, L.L.C. [Alabama, Florida]

CBNS

Cape Breton & Central Nova Scotia Railway Limited [Nova Scotia]

CPDR

Carolina Piedmont Railroad [South Carolina]

CIND

The Central Railroad Company of Indiana [Indiana, Ohio]

CERA

Central Railroad Company of Indianapolis [Illinois, Indiana, Ohio]

CIRR

Chattahoochee Industrial Railroad [Georgia]

CCKY

Chattooga & Chickamauga Railway Co. [Georgia, Tennessee]

CA

Chesapeake & Albemarle Railroad [North Carolina, Virginia]

CFE

Chicago, Ft. Wayne & Eastern Railroad [Indiana, Ohio]

CCH

Columbus & Chattahoochee Railroad, Inc. [Alabama]

CAGY

Columbus and Greenville Railway Company [Mississippi]

CWRY

Commonwealth Railway, Incorporated [Virginia]

COEH

Conecuh Valley Railway, L.L.C. [Alabama]

DGNO

Dallas, Garland & Northeastern Railroad, Inc. [Texas]

DTR

Delphos Terminal Company, Inc. [Ohio]

ETRY

East Tennessee Railway, L.P. [Tennessee]

EARY

Eastern Alabama Railway, LLC [Alabama]

FCRD

First Coast Railroad Inc. [Florida, Georgia]

GVSR

Galveston Railroad, L.P. [Texas]

GC

Georgia Central Railway, L.P. [Georgia]

GSWR

Georgia Southwestern Railroad, Inc. [Alabama, Georgia]

GEXR

Goderich-Exeter Railway Company Limited [Ontario]

GITM

Golden Isles Terminal Railroad, Inc. [Georgia]

GR

Grand Rapids Eastern Railroad [Michigan]

HOG

Heart of Georgia Railroad, Inc. [Alabama, Georgia]

HAL

Hilton & Albany Railroad, Inc. [Georgia]

HCRY

Huron Central Railway Inc. [Ontario]

HESR

Huron & Eastern Railway Company, Inc. [Michigan]

IORY

Indiana & Ohio Railway Company [Indiana, Michigan, Ohio]

IMRR

Illinois & Midland Railroad, Inc. [Illinois]

ISRR

Indiana Southern Railroad, LLC [Indiana]

KLT

Knob Lake & Timmins Railway Company Inc. [Newfoundland & Labrador]

KRR

Kiamichi Railroad Company L.L.C. [Arkansas, Oklahoma, Kansas]

KWT

KWT Railway, Inc. [Kentucky, Tennessee]

KYLE

Kyle Railroad Company [Colorado, Kansas]

LRWN

Little Rock & Western Railway, L.P. [Arkansas]

LDRR

Louisiana & Delta Railroad, Inc. [Louisiana]

LXVR

Luxapalila Valley Railroad, Inc. [Alabama, Mississippi]

MQT

Marquette Rail, LLC [Michigan]
MMID

Maryland Midland Railway, Inc. [Maryland]

Maryland and Pennsylvania Railroad, LLC [Pennsylvania]

MNBR

Meridian & Bigbee Railroad, L.L.C. [Alabama, Mississippi]

MS

Michigan Shore Railroad [Michigan]

MMRR

Mid-Michigan Railroad, Inc. [Michigan]

MNA

Missouri & Northern Arkansas Railroad Company, Inc. [Arkansas, Kansas, Missouri]

NCVA

North Carolina & Virginia Railroad Company, LLC [North Carolina, Virginia]

OTVR

Otter Tail Valley Railroad Company, Inc. [Minnesota, South Dakota]

PCN

Point Comfort & Northern Railway Company [Texas]

PNW

The Prescott and Northwestern Railroad Company [Arkansas]

QGRY

Quebec Gatineau Railway Inc./Chemins de fer Québec-Gatineau Inc. [Quebec]

RCPE

Rapid City, Pierre & Eastern Railroad, Inc. [Minnesota, Nebraska, South Dakota, Wyoming]

RDR

Red Deer Railway Limited [Alberta]

RLHH

Southern Ontario Railway [Ontario]

RLK

Ottawa Valley Railway [Ottawa]

RSOR

Riceboro Southern Railway, LLC [Georgia]

SL

Salt Lake City Southern Railroad Company, Inc. [Utah]

SAPT

Savannah Port Terminal Railroad, Inc. [Georgia]

SCRF

South Carolina Central Railroad Company, LLC [South Carolina]

SLR

St. Lawrence & Atlantic Railroad Company [Maine, New Hampshire, Vermont]

SLQ

St. Lawrence & Atlantic Railroad (Quebec) Inc./Chemin de fer St-Laurent & Atlantique (Québec) inc. [Quebec]

TZPR

Tazewell & Peoria Railroad, Inc. [Illinois]

TNER

Texas Northeastern Railroad [Texas]

TPW

Toledo, Peoria & Western Railway Corp. [Illinois, Indiana]

TR

Tomahawk Railway, Limited Partnership [Wisconsin]

UTAH

Utah Railway Company [Colorado, Utah]

VR

Valdosta Railway, L.P. [Georgia]

WSR

Warren & Saline River Railroad Company [Arkansas]

WTRY

Wilmington Terminal Railroad, Limited Partnership [North Carolina]

WGCR

Wiregrass Central Railway, L.L.C. [Alabama]

WLRS

Western Labrador Rail Services Inc. [Newfoundland & Labrador]

Yorkrail, LLC [Pennsylvania]

YRC

York Railway Company [Pennsylvania]

 
Atlantic & Great Lakes Transportation Inc. Railroads and Operating States[2]

 

AOR

The Aliquippa & Ohio River Railroad Co. [Pennsylvania]

ALY

Allegheny & Eastern Railroad, LLC [Pennsylvania]

BPRR

Buffalo & Pittsburgh Railroad, Inc. [New York, Pennsylvania]

BERX

Berkshire & Eastern Railroad [Connecticut, Massachusetts, New Hampshire, New York, Vermont]

CSO

Connecticut Southern Railroad, Inc. [Connecticut, Massachusetts]

CUOH

The Columbus & Ohio River Rail Road Company [Ohio]

DMM

The Dansville and Mount Morris Railroad Company [New York]

GNWR

Genesee and Wyoming Railroad Company [New York]

MVRY

The Mahoning Valley Railway Company [Ohio]

MSTR

The Massena Terminal Railroad Company [New York]

NECR

New England Central Railroad, Inc. [Connecticut, Massachusetts, New Hampshire, Vermont]

OHPA

Ohio and Pennsylvania Railroad Company [Ohio]

OHCR

Ohio Central Railroad, Inc. [Ohio]

OSRR

Ohio Southern Railroad, Inc. [Ohio]

PSR

Pittsburg & Shawmut Railroad, LLC [Pennsylvania]

POHC

The Pittsburgh & Ohio Central Railroad Company [Pennsylvania]

PW

Providence and Worcester Railroad Company [Connecticut, Massachusetts, New York, Rhode Island]

RSR

Rochester & Southern Railroad, Inc. [New York]

SB

South Buffalo Railway Company [New York]

WTRM

The Warren & Trumbull Railroad Company [Ohio]

WCOR

Wellsboro & Corning Railroad, LLC [Pennsylvania, New York]

YARR

Youngstown & Austintown Railroad, Inc. [Ohio]

YB

The Youngstown Belt Railroad Company [Ohio]

 
Canyon & Cascade Transportation Inc. Railroads and Operating States

 

ARZC

Arizona & California Railroad Company [Arizona, California]

AZER

Arizona Eastern Railway Company [Arizona, New Mexico]

CFNR

California Northern Railroad Company [California]

CSCD

Cascade and Columbia River Railroad Company [Washington]

CORP

Central Oregon & Pacific Railroad, Inc. [California, Oregon]

OYLO

Olympia & Belmore Railroad, Inc. [Washington]

PNWR

Portland & Western Railroad, Inc. [Oregon]

PSAP

Puget Sound & Pacific Railroad [Washington]

SDIY

San Diego & Imperial Valley Railroad Company, Inc. [California]

SJVR

San Joaquin Valley Railroad Co. [California]

VCRR

Ventura County Railroad Company [California]

WPRR

Willamette & Pacific Railroad, Inc. [Oregon]

[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.

 

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