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Genesee & Wyoming Inc. (G&W) yesterday announced 2021 industrial development results, which totaled 69 projects accounting for $1.5 billion in customer investments in communities served by the company’s 103 U.S. railroads.
The investments show that "G&W’s freight transportation services are critical to companies' logistics strategies and the greater supply chain,” said G&W Chief Commercial Officer Mike Peters in a press release.
"Going forward, we expect companies to increasingly look to rail transportation to meet environmental, social and governance (ESG) targets, and we are prepared to assist them in finding sites and services that help reach those goals," Peters said.
Among the highlights and trends of the 2021 business developments:• A new “steel corridor” continues to grow along Indiana & Ohio Railway (IORY) with the development of a new customer facility in Delta, Ohio, that will receive inbound coils to make pipe. This marks the fourth steel customer to expand business along IORY since 2015;• Investments were made in all major commodity groups, led by chemicals and plastics, minerals and stone, and agricultural products;• Customers that develop sustainable solutions are leveraging G&W's footprint: In the south, Georgia Southwestern Railroad will serve a biodegradable plastics facility; California Northern Railroad will serve a plant that will produce renewable carbon pellets; and the Toledo, Peoria & Western Railway and Illinois & Midland Railroad welcomed new wind-turbine transload sites; and• Transloading has become an attractive logistics solution for customers without direct rail access. A transload site was established in Visalia, California, along the San Joaquin Valley Railroad for biodiesel and renewable diesel, while the Rapid City, Pierre & Eastern Railroad will transfer feldspar minerals at a transload facility in South Dakota.