Rapid City, Pierre & Eastern Named Regional Railroad of the Year
RAPID CITY, S.D.--(BUSINESS WIRE)--Mar 14, 2019--Rapid City, Pierre & Eastern Railroad, Inc. (RCPE), a subsidiary of Genesee & Wyoming Inc. (G&W) (NYSE:GWR), was named Regional Railroad of the Year by Railway Age magazine this week, an award for outstanding achievement in innovation, marketing, customer service and safety.
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Rapid City, Pierre & Eastern Railroad was named Regional Railroad of the Year by Railway Age magazine this week (Photo: Business Wire)
RCPE’s achievements include completing 2016-2018 with zero Federal Railroad Administration-reportable employee injuries, investing more than $80 million in infrastructure, growing revenues 20 percent since 2015 and attracting more than $300 million in new customer investments along the rail line.
“This is well deserved recognition for the railroad’s 175 employees,” says Michael Miller, G&W’s president, North America. “RCPE’s success has been a true public-private partnership among the railroad, customers and government to invest and grow together. We committed to investing and improving service levels, and customers committed to growing their business with us. State and federal grants helped the railroad increase its capacity and upgrade the line, which were key to attracting new investment in the region.”
The 670-mile freight line runs from Tracy, Minn., to Rapid City, S.D., passing through Brookings, Huron, Miller, Highmore, Pierre and Wall, S.D., with branches from Redfield to Mansfield, S.D., as well as from Rapid City to both Colony, Wyo., and Chadron, Neb. Commodities hauled include grain, bentonite clay, cement, ethanol and fertilizer.
The railroad began operations June 1, 2014, following RCPE’s purchase of the west end of the former Dakota, Minnesota & Eastern rail line from Canadian Pacific.
See the Railway Age story here: https://www.railwayage.com/freight/railway-ages-2019-short-line-and-regional-railroads-of-the-year-lirc-rcpe/
G&W owns or leases 120 freight railroads organized in eight locally managed operating regions with 8,000 employees serving 3,000 customers.
- G&W’s six North American regions serve 41 U.S. states and four Canadian provinces and include 114 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005159/en/
CONTACT: Michael Williams, G&W Corporate Communications
KEYWORD: UNITED STATES NORTH AMERICA SOUTH DAKOTA
INDUSTRY KEYWORD: TRANSPORT RAIL LOGISTICS/SUPPLY CHAIN MANAGEMENT NATURAL RESOURCES AGRICULTURE MINING/MINERALS
SOURCE: Genesee & Wyoming Inc.
Copyright Business Wire 2019.
PUB: 03/14/2019 08:30 AM/DISC: 03/14/2019 08:30 AM