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Rail News: M&A

New Genesee & Wyoming subsidiary initiates Illinois operations


Today, newly formed Genesee & Wyoming Inc. (GWI) subsidiary the Tazewell & Peoria Railroad Inc. (T&P) began operating 20 track miles in Tazewell and Peoria counties, Ill.

In August, T&P obtained a 20-year contract to lease the assets of terminal railroad Peoria and Pekin Union Railway Co. (PPU), which is owned by Norfolk Southern Railway, Union Pacific Railroad and the Illinois Central Railroad Co.

PPU's system is contiguous with GWI subsidiary Illinois & Midland Railroad, which is based in Springfield, Ill.

GWI owns or holds interest in more than 24 regionals and short lines in the United States, Canada, Mexico, Bolivia and Australia.