Genesee & Wyoming Welcomes Grupo México Transportes as Proposed New Partner in CG Railway Joint Venture

Genesee & Wyoming Inc. (G&W) is pleased to welcome Grupo México Transportes (GMXT) as a new partner in its CG Railway, LLC (CGR) joint venture, pending receipt of regulatory approvals for their purchase of equity interests in CGR.

G&W initially formed a joint venture with SEACOR Holdings Inc. in 2017 to own and operate CGR, which has provided rail-ferry service between the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz, across the Gulf of Mexico since 2001. Last week, GMXT announced its intention to purchase SEACOR’s stake in CGR and become G&W’s new joint venture partner for CGR.

“This further strengthens our partnership with GMXT, a leader in rail transportation services in Mexico with a strong presence in the southern U.S., including 13 ports between the two countries,” says Michael Miller, CEO for G&W North America. “Their network access and expertise, coupled with G&W’s ability to deliver safe and customer-centric first- and last-mile rail service, will enhance CGR’s overall service offering while extending the reach of CGR’s efficient and secure rail service into and out of Mexico.”

CGR’s service advantages include three-day port-to-port transit time, an expedited customs clearance process and minimal exposure to pilferage while in transit on the Gulf of Mexico. To learn more about the operation, visit cgrailway.com.

-via Press Release

First of Three Arches for Portal North Bridge Delivered by Barge

Following a 30-hour journey down the Hudson River, the first of three massive arches to support the new Portal North Bridge arrived at the construction site, bringing the project a giant leap closer to completion. The new bridge will replace the current 114-year-old swing bridge, which opens for maritime traffic and often has mechanical issues, resulting in service delays. The new bridge is a fixed span that eliminates the need to open and close, improving the experiences of thousands of daily commuters along the busiest stretch of passenger rail in the country.