G&W’s Freightliner Signs Rail-Haulage Contract to Serve Hanson Aggregates and Aggregate Industries
December 19 2018 - 4:15PM
Business Wire
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today announced
that its UK subsidiary Freightliner Heavy Haul Ltd has signed a
long-term, bulk rail-haulage contract with Mendip Rail Ltd, a joint
venture between two of the UK’s largest aggregate/cement producers,
Hanson Aggregates and Aggregate Industries (AI).
Under the new contract, commencing in November 2019,
Freightliner will haul an expected eight million tons per year
(approximately 107,000 annual carloads) of aggregate to terminals
in London and the Southeast of England from quarries owned by
Hanson and AI in the Mendips, Northern Somerset. As part of the
contract, Freightliner will purchase eight locomotives from Mendip
Rail, which is expected to occur prior to year-end 2018.
“With this new contract, Freightliner is privileged to serve two
customers that are critical to the UK construction market, and we
are committed to the customer-focus and service reliability that
defines all of our operations,” said Freightliner Chief Executive
Officer Gary Long. “By adding one of the largest bulk haulage
contracts in the UK, we are also adding to the foundation of our
long-term bulk business as we have successfully replaced traffic
losses caused by the collapse of the UK coal industry in 2015.”
About G&W
G&W owns or leases 121 freight railroads organized in nine
locally managed operating regions with 8,000 employees serving
3,000 customers.
- G&W’s seven North American regions
serve 41 U.S. states and four Canadian provinces and include 115
short line and regional freight railroads with more than 13,000
track-miles.
- G&W’s Australia Region serves New
South Wales, the Northern Territory and South Australia and
operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia
Region is 51.1% owned by G&W and 48.9% owned by a consortium of
funds and clients managed by Macquarie Infrastructure and Real
Assets.
- 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 40 major ports, rail-ferry service between the
U.S. Southeast and Mexico, transload services, contract coal
loading, and industrial railcar switching and repair.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Genesee & Wyoming's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report or Form 10-K for the most recently ended fiscal
year.
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version on businesswire.com: https://www.businesswire.com/news/home/20181219005561/en/
Michael Williams, G&W Corporate
Communications1-203-202-8900Web site: www.gwrr.com
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