LYONS, Ga.--(BUSINESS WIRE)--Apr 24, 2019--Genesee & Wyoming Inc. (G&W)(NYSE:GWR) today announced that its subsidiary Georgia Central Railway, L.P., will serve a major new plastics distribution facility under construction on its line in Pooler, Ga.
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Genesee & Wyoming Inc. announced that its subsidiary Georgia Central Railway, L.P., will serve a major new plastics distribution facility under construction on its line in Pooler, Ga. (Graphic: Business Wire)
Georgia Central will transport bulk plastic resin to the new Plastic Express multi-commodity transloading center, which broke ground in Pooler in June 2018. The resin and other bulk commodities will be repackaged and trucked to the nearby Port of Savannah for export to international markets. Carloads are expected to exceed 5,000 annually and to commence shipping in late 2019.
“The location near Savannah and access to two Class I railroads made Georgia Central an ideal choice to serve this new $172-million facility,” said Plastic Express President and CEO Ray Hufnagel. “We have worked with G&W at other terminal locations across the country, and the focus of G&W’s industrial development team and the railroad’s flexibility to meet our transportation needs makes them an easy choice to partner with on this project.”
The 197-acre Savannah Port Logistics Center site selected by Plastic Express is being developed by Capital Development Partners Inc. and will serve as a magnet for attracting additional development at or near the site, which is one of more than 500 potential industrial development sites located on G&W’s North American footprint of railroads.
“Attracting Plastic Express was a team effort; Capital Development Partners, the State of Georgia, Georgia Ports Authority, Georgia Central Railway and G&W’s industrial development team worked collaboratively to create a solution that met the needs of Plastic Express and their customers,” said G&W President, North America, Michael Miller. “This win demonstrates how important it is to work together to attract new business and further strengthens our presence in Georgia. We look forward to providing the new facility with the customer-focused service that our short lines are known for and working to bring additional business to the site.”
One of 13 G&W railroads serving the state of Georgia, the Georgia Central Railway runs 211 miles from Macon to Savannah with connections to CSX and Norfolk Southern, as well as with G&W’s Heart of Georgia Railroad.
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 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/20190424006142/en/
CONTACT: Michael Williams, G&W Corporate Communications
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA
INDUSTRY KEYWORD: TRANSPORT RAIL OTHER TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT CHEMICALS/PLASTICS
SOURCE: Genesee & Wyoming Inc.
Copyright Business Wire 2019.
PUB: 04/24/2019 05:52 PM/DISC: 04/24/2019 05:52 PM