DARIEN, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (G&W) today announced 2020 U.S. industrial development results, with 45 new projects representing $1.6 billion in customer investments expected to generate more than 800 new jobs in communities served by G&W’s freight railroads.
“Securing 1.6 billion dollars of new investments across our U.S. footprint of 105 railroads is testimony not only to the critical role of rail transportation in the supply chain,” says G&W Chief Commercial Officer Mike Peters, “but also to the commitment and resiliency of our customers during the challenges of a global pandemic.”
Highlights of the 2020 wins by G&W-owned railroads include new facilities for shipping automobiles in Fort Wayne, Ind.; for recycling zinc in Cass County, Ind.; for processing ore in Miami, Ariz.; for processing animal feed in Fulton, Ark.; and for mining pozzolan in Aguila, Ariz.
“Access to national and international markets is still the driving factor in attracting new rail-served projects,” says Kevin Phillips, G&W vice president of industrial development. “Our 2020 wins include projects in more than half of the 42 states served by our railroads, representing nearly 47,000 new carloads annually, 65% of which come from four commodity groups: agricultural products, chemicals & plastics, lumber & forest products and minerals & stone.”
G&W maintains a data base of more than 500 potential industrial development properties across its U.S. railroads at www.gwrr.com/id.
About Genesee & Wyoming
G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers.
- G&W’s four North American regions serve 42 U.S. states and four Canadian provinces and include 113 short line and regional freight railroads with more than 13,000 track-miles.
- G&W’s UK/Europe Region includes the U.K.’s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.
G&W subsidiaries and joint ventures also provide rail service at more than 30 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, and industrial railcar switching and repair. For more information, please visit www.gwrr.com or LinkedIn.