By Keith Fender
CANADIAN investors Brookfield Infrastructure and Singapore’s sovereign wealth fund GIC have bought Genesee & Wyoming (G&W), which owns Freightliner, for US $8.4billion.
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The deal is subject to shareholder and government approvals, and should be completed in 2020.
G&W has grown from one short freight line in the USA in the late-1970s to a global rail freight company, buying multiple ‘shortline’ freight railways in the USA since the 1980s, and expanding internationally from the late-1990s.
Read more in the September 2019 issue of The RM – on sale now!