Genesee & Wyoming Inc. announced today their plan to divide into three separate holding companies effective January 1, 2027, pending regulatory approval. All three will remain under the ownership of Brookfield and GIC.

Atlantic & Great Lakes Transportation Inc. will include G&W operations in New England, New York, Ohio, and Pennsylvania, including Berkshire & Eastern Railroad. The company will be based in Rochester, N.Y., and led by CEO Bill Keough, most recently G&W regional senior vice president.

Canyon & Cascade Transportation Inc. will comprise G&W operations in Washington, Oregon, California, Arizona, and New Mexico. Based in Phoenix, the company will be led by CEO David Franklin, a 24-year G&W veteran who most recently served as divisional vice president.

Genesee & Wyoming Inc. will retain the company’s remaining operations in the Midwest, Southeast, and Central United States, along with Canada, representing about 65 percent of the current business. G&W will remain based in Jacksonville, Fla., under CEO Michael Miller.

Each company is expected to operate independently with its own board of directors, leadership team, and capital structure. Miller said the reorganization builds on the divisional structure G&W introduced in 2023 and is intended to allow faster decision-making, closer customer relationships, and greater regional focus.

Genesee & Wyoming traces its roots to a 14-mile short line founded in 1899 to serve a salt mine at Retsof, N.Y. A holding company, Genesee & Wyoming Industries, was formed in 1977, and the business expanded rapidly through acquisitions beginning in the 1980s. In 2019, G&W was acquired by Brookfield Infrastructure and GIC in an $8.4 billion transaction. Today, G&W owns or leases more than 100 freight railroads across North America, serving more than 2,000 customers over more than 13,000 miles of track.

—Otto M. Vondrak