by johnpbarlow
A shocker! http://www.streetinsider.com/Corporate+News/Genesee+%26+Wyoming+(GWR)+to+Acquire+Providence+and+Worcester+Railroad+(PWX)+in+$126M+Deal/11938170.html
In the first year of operation, G&W anticipates P&W will generate approximately $35 million of revenue and $12 million of EBITDA, including realization of $8 million of immediate overhead and operational cost savings. In the medium term, G&W anticipates additional operational efficiencies and commercial opportunities will generate a further $5 million of EBITDA that will be realized over the following two to three years.
Here's link to P&W system map that shows how P&W + NECR + CSOR would fit together: http://www.pwrr.com/home/system-map/" onclick="window.open(this.href);return false;
A single route from St Albans,VT to NYC/Davisville/Worcester! Interesting...
I don't know that this is good news for P&W operations ...
In the first year of operation, G&W anticipates P&W will generate approximately $35 million of revenue and $12 million of EBITDA, including realization of $8 million of immediate overhead and operational cost savings. In the medium term, G&W anticipates additional operational efficiencies and commercial opportunities will generate a further $5 million of EBITDA that will be realized over the following two to three years.
Here's link to P&W system map that shows how P&W + NECR + CSOR would fit together: http://www.pwrr.com/home/system-map/" onclick="window.open(this.href);return false;
A single route from St Albans,VT to NYC/Davisville/Worcester! Interesting...
I don't know that this is good news for P&W operations ...