G&W Moves into the UK Freight Market

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3 replies

Buslist

Member since
November 2013
1,097 posts

G&W Moves into the UK Freight Market

Posted by Buslist on Wednesday, February 25, 2015 11:16 AM

G&W acquires Freignt Liner. Class 66s in G&W colors?

http://www.progressiverailroading.com/m_a/news/Genesee-Wyoming-to-acquire-Freightliner-Group--43631?email=drtrack@ymail.com&utm_medium=email&utm_source=prdailynews&utm_campaign=prdailynews02/25/2015

54light15

Member since
December 2008
From: Toronto, Canada
2,550 posts

Posted by 54light15 on Wednesday, February 25, 2015 5:21 PM

Gotta unlock them operating synergies. I love corporate speak.

Ulrich

Member since
February 2003
From: Guelph, Ontario
4,789 posts

Posted by Ulrich on Wednesday, February 25, 2015 5:32 PM

G&W's stock price jumped by almost 7% today on that good news. Maybe the class 1s have missed the boat here..

NorthWest

Member since
May 2013
3,231 posts

Posted by NorthWest on Wednesday, February 25, 2015 6:33 PM

Probably not. The type of operations in Europe are completely different from North American ones. G&W already knows how to create a profit running trains in Australia and Europe, so they will probably do a very good job with this new business. Good luck to them.