LONDON, UK / ACCESSWIRE / September 7, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Genesee & Wyoming Inc. (NYSE: GWR) ("G&W"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=GWR. The Company announced on September 05, 2017, that it has formed a joint venture with SEACOR Holdings Inc. (NYSE: CKH) ("SEACOR") - a diversified holding Company engaged in domestic and international transportation and logistics, and risk management consultancy - to own and operate CG Railway, LLC ("CGR") between the US and Mexico. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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CGR provides an alternate transportation mode between the US, Canada, and Southern Mexico. It is a subsidiary of SEACOR and was acquired by the latter through the acquisition of International Shipholding Corp. in March 2017.

Insights of the Joint Venture

  • Both G&W and SEACOR will own 50% stake each in CGR.
  • The Companies, through this joint venture, plan to invest in the existing rail ferry vessels to improve reliability of the service.
  • Other terms of the joint venture remain undisclosed.

CGR to Improve Rail Ferry's On-time Performance by Leveraging SEACOR's Marine Operations Expertise

Commenting on the agreement, Kevin Wild, Senior Vice President of CGR, stated that the Company is committed to improve the rail ferry's on-time performance by leveraging SEACOR's expertise in marine operations. Combining reliable service with the cost efficiency of short sea shipping and the 50% shorter transit time versus land routes, CGR creates a compelling alternative for customers moving goods between the eastern US and Canada to and from central and southern Mexico.

G&W to Offer More direct Option for Shippers to Reach Central and Southern Mexico

Michael Miller, Chief Commercial Officer of G&W, mentioned that CGR creates a natural extension of rail services to reach the rapidly growing market in central and southern Mexico. He added that the Company is looking forward to work with Ferrosur and Ferromex to expand its current customer base. Since G&W's short line railroads maintain close commercial relationships with customers and connecting Class-I railroads across the southeastern US, the Company is looking to offer a more direct option for these shippers and others east of the Mississippi to reach central and southern Mexico.

About CG Railway, LLC

Established in 2000, CGR operates a freight railroad providing four-day rail ferry service between the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz. It provides a fast alternative form of transportation to the traditional land route between the US, Canada and south east Mexico.

The CGR business comprises of a US Class-III freight railroad connecting in Mobile with G&W's Alabama & Gulf Coast Railway, BNSF (via AGR), Canadian National, CSX, Kansas City Southern (via CN), and Norfolk Southern, and connects in Coatzacoalcos with Ferrosur, the railroad serving central and southern Mexico.

About Genesee & Wyoming Inc.

G&W is an American short-line railroad holding Company that owns or leases 122 freight railroads worldwide that are organized into 10 operating regions. G&W's subsidiaries provide rail service at more than 40 major ports in North America, Australia, and Europe, and perform contract coal loading and railcar switching for industrial customers.

About SEACOR Holdings Inc.

Founded in 1989, SEACOR is a diversified holding Company with interests in domestic and international transportation and logistics, alcohol manufacturing and merchandising, and risk management consultancy. The Company owns marine equipment operating coastwise in the US, and owns and operates a fleet of domestic dry cargo barges, towboats, and infrastructure throughout the Mississippi River System.

Last Close Stock Review

On Wednesday, September 06, 2017, the stock closed the trading session at $69.71, rising slightly by 0.87% from its previous closing price of $69.11. A total volume of 366.23 thousand shares have exchanged hands. Genesee & Wyoming's stock price advanced 3.91% in the last one month, 9.02% in the past three months, and 1.97% in the previous twelve months. Moreover, the stock gained 0.43% since the start of the year. The stock is trading at a PE ratio of 30.49 and currently has a market cap of $4.30 billion.

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