down about 2%. Nonfreight sales fell because of lower rail construction revenue in the Atlas subsidiary (acquired with RailAmerica ), which the firm is reorganizing. That said, Atlas' pipeline of new business for the second half appears healthy. In
based short-line railroad Genesee & Wyoming Inc. announced a definitive merger agreement with RailAmerica Inc. -- The acquisition of RailAmerica is subject to approval by the U.S. Surface Transportation Board (STB). Genesee & Wyoming
approximately 75%. Guidance excludes the impact of the pending RailAmerica acquisition. At the midpoint, the lower revenue forecast ..... increase 4% (previously 3%-4%) in 2012. Regarding the RailAmerica transaction, Genesee & Wyoming is applying to place the
RailAmerica 's RA second-quarter consolidated ..... and nonrecurring items, we calculate RailAmerica 's operating ratio improved approximately ..... fair value estimate, which reflects RailAmerica 's recent agreement to be acquired
We're raising our fair value estimate to $27 per share (from $20) to reflect RailAmerica 's RA agreement to be purchased by competing short-line rail operator Genesee & Wyoming GWR. We anticipate shareholder approval
railroads Genesee & Wyoming GWR and RailAmerica RA have reached an agreement whereby G&W intends to purchase RailAmerica for $27.50 per share, or $1 ..... value of $2 billion when including RailAmerica 's $600 million of net debt
(Corrects Genesee & Wyoming spelling in headline, the error also appeared in an earlier version of the story)
July 23 (Reuters) - U.S. railroad operator Genesee & Wyoming Inc said it will buy rival RailAmerica for $1.39 billion in cash.
(Reuters) - Short-line railroad operator RailAmerica Inc said it is considering a potential sale of the company and has begun preliminary talks with third parties, sending its shares 11 percent...
In the first quarter, RailAmerica 's consolidated revenue expanded 15% year over year, slightly ..... Excluding 45G credits, asset sales, and debt retirement costs, RailAmerica 's operating ratio improved 590 basis points to 77.9%, driven