08-16-2016, 05:59 AM
Genesee & Wyoming Industries purchased the Providence & Worcester Railroad for $125 million. At $25 per share, they paid 53% more than P&W's closing price on Friday. I wonder if that's going to be the curtain call for Guilford Transportation/Pan Am Railways. I see Norfolk Southern taking them over eventually. GWI will probably have the most trackage in the New England Market.
http://www.wsj.com/articles/genesee-wyom...1471266714
http://www.wsj.com/articles/genesee-wyom...1471266714
Mike Kieran
Port Able Lines
" If the world were perfect, it wouldn't be " - Yogi Berra.
Port Able Lines
" If the world were perfect, it wouldn't be " - Yogi Berra.