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Rail News: Financials

Genesee & Wyoming shuffles senior staff, reports first-quarter results


Today, Genesee & Wyoming Inc. (GWI) announced six senior management appointments.

The short-line holding company named:
• Chief Financial Officer John Hellmann president;
• Timothy Gallagher — most recently senior vice president and treasurer of Level 3 Communications — CFO;
• President and Chief Operating Officer Charles Marshall, vice chairman;
• Rail Link subsidiary President James Benz, COO;
• Rail Link VP of Railroad Operations Billy Eason, Rail Link president and SVP-Rail Link; and
• Australian Railroad Group General Manager of Finance and COO Murray Vitlich, deputy chief executive officer of GWI's half-owned Australian subsidiary.

“Today's appointments serve to strengthen GWI's senior management team and lay the groundwork for our succession plans,” said GWI Chairman and CEO Mortimer Fuller III in a prepared statement.

The company also announced additional management changes at Rail Link, which manages 12 short lines and 32 industrial switching contracts at 28 locations.

GWI appointed David Rohal and Charles McBride to the newly created positions of VP-Atlantic Short Lines and VP-Gulf Central Short Lines, respectively. Rohal most recently served as Rail Link VP of business services while McBride served as general manager of the subsidiary’s Arkansas Louisiana & Mississippi, and Fordyce & Princeton railroads.

GWI also named Jeffrey Geary and William Price GM of Rail Link’s eastern switching and western switching operations, respectively, and Tony Long, VP of customer service.

Finally, GWI reported its first-quarter financial results. The company’s quarterly net income increased 15.1 percent to $10.9 million compared with first-quarter 2004. Quarterly North American revenue of $84.1 million rose 16.1 percent, operating income of $14.3 million increased 23.4 percent and operating ratio of 83 improved 1 point.

Contact Progressive Railroading editorial staff.

More News from 5/2/2005