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Freightliner owner Genesee & Wyoming sold for $8.4billion

by

Sam Hewitt

–

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.

Freightliner livery on Australian locos is already rare and not likely to be rolled out further. G533, one of two EMD/Clyde diesel locos in Freightliner livery (G535 is the other), is seen at Spencer Junction, Port Augusta, South Australia, on March 13. STEVE MCNICOL

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!

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About the Author

Sam Hewitt is the Digital Content Editor at Mortons Media Group. Email: [email protected]

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