Galveston Railroad

Galveston Railroad

The Galveston Railroad reporting mark|GVSR is a Class III terminal switching railroad headquartered in Galveston, Texas.

GVSR operates 32 miles (51 km) of yard track at Galveston, over a 50 acre facility.

The railroad was formed in 1900 as the Galveston Wharves Railway. It is owned by the City of Galveston, and GVSR took over operations in 1987.

On May 26, 2005, Genesee and Wyoming (GWI) announced that it has agreed to purchase the railroad operations of Rail Management Corporation (RMC), parent company of Galveston Railroad. GWI paid $243 million in cash and assume $1.7 million in company debt to gain control of 14 short line railroads from RMC across the southeastern United States, as of June 1, 2005. [Genesee and Wyoming, Inc. (May 26, 2005), " [http://www.gwrr.com/features/gwi_aquisition05262005.html Genesee & Wyoming Announces Agreement to Acquire Short Line and Port Railroads from Rail Management Corporation] ". Retrieved May 27 2005.]

References

External links

* [http://www.uprr.com/customers/shortline/lines/gvsr.shtml Link to Union Pacific Website with GVSR Details]


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