Genesee & Wyoming Inc. (G&W) announced that it has agreed to acquire the shares of Atlantic Western Transportation, Inc., parent company of Heart of Georgia Railroad, Inc. (HOG). The transaction is expected to be completed in the second quarter of 2017. Terms of the acquisition were not disclosed. The acquisition is subject to customary closing conditions, including the receipt of the U.S. Surface Transportation Board’s approval.
Heart of Georgia Railroad was founded in 1999 and operates across the state of Georgia on 219 miles of track leased from the Georgia Department of Transportation. It connects with G&W’s Georgia Southwestern Railroad at Americus, Ga., and with G&W’s Georgia Central Railway at Vidalia, Ga.
HOG serves an inland intermodal terminal at Cordele, Ga., providing five-day/week, direct rail service via the Georgia Central Railway to the Port of Savannah for auto, agricultural products and other merchandise customers. HOG has Class I railroad connections with CSX at Cordele and with Norfolk Southern at Americus and Helena, Ga.
HOG transports approximately 10,000 annual carloads of agricultural products, feed, fertilizer, and lumber and forest products, of which approximately 2,000 carloads are interchanged with G&W’s Georgia Central Railway.
Share on:
