Galveston Railroad
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Galveston Railroad
The Galveston Railroad is a Class III terminal switching railroad headquartered in Galveston, Texas. It primarily serves the transportation of cargo to and from the Port of Galveston. GVSR operates of yard track at Galveston, over a facility. The railroad was formed in 1900 as the Galveston Wharves Railway. It is owned by the City of Galveston, and GVSR took over operations in 1987. On May 26, 2005, Genesee & Wyoming (G&W) announced that it has agreed to purchase the railroad operations of Rail Management Corporation (RMC), the parent company of Galveston Railroad. G&W paid $243 million in cash and assume $1.7 million in company debt to gain control of 14 short line railroads from RMC across the southeastern United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territo ...
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Galveston
Galveston ( ) is a coastal resort city and port off the Southeast Texas coast on Galveston Island and Pelican Island in the U.S. state of Texas. The community of , with a population of 47,743 in 2010, is the county seat of surrounding Galveston County and second-largest municipality in the county. It is also within the Houston–The Woodlands–Sugar Land metropolitan area at its southern end on the northwestern coast of the Gulf of Mexico. Galveston, or Galvez' town, was named after 18th-century Spanish military and political leader Bernardo de Gálvez y Madrid, Count of Gálvez (1746–1786), who was born in Macharaviaya, Málaga, in the Kingdom of Spain. Galveston's first European settlements on the Galveston Island were built around 1816 by French pirate Louis-Michel Aury to help the fledgling empire of Mexico fight for independence from Spain, along with other colonies in the Western Hemisphere of the Americas in Central and South America in the 1810s and 1820s. The Po ...
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Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both List of U.S. states and territories by area, area (after Alaska) and List of U.S. states and territories by population, population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexico, Mexican States of Mexico, states of Chihuahua (state), Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the List of cities in Texas by population, most populous city in Texas and the List of United States cities by population, fourth-largest in the U.S., while San Antonio is the second most pop ...
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Class III Railroad
In the United States, railroad carriers are designated as Class I, II, or III, according to annual revenue criteria originally set by the Surface Transportation Board in 1992. With annual adjustments for inflation, the 2019 thresholds were US$504,803,294 for Class I carriers and US$40,384,263 for Class II carriers. (Smaller carriers were Class III by default.) There are seven Class I freight railroad companies in the United States including two Canadian carriers with subsidiary trackage in the United States: BNSF Railway, Canadian National Railway (via its subsidiary Grand Trunk Corporation), Canadian Pacific Railway (via its subsidiary Soo Line Corporation), CSX Transportation, Kansas City Southern Railway, Norfolk Southern Railway, and Union Pacific Railroad. (Mexico's Ferromex and Kansas City Southern de México would qualify as Class I, but do not operate within the United States.) In addition, the national passenger railroad in the United States, Amtrak, would qualify as C ...
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Port Of Galveston
The Port of Galveston is the port of the city of Galveston, Texas. It was established by a proclamation issued by the Congress of Mexico on October 17, 1825, while the land known today as Texas was still part of Mexico. The Port of Galveston is the oldest port in the Gulf of Mexico west of New Orleans. Overview Located on the upper Texas Gulf Coast on the eastern end of Galveston Island, it is from the open Gulf or approximately 30 minutes sailing time. The port is municipally owned by the City of Galveston and is managed by the board of trustees of the Galveston Wharves. The port is self-sustaining, and does not receive any taxpayer funding. The Port of Galveston consists of the Galveston Ship Channel, the south side of Pelican Island, the north side of Galveston Island, and the entrance to Galveston Bay. The Galveston Channel has an authorized minimum depth of and is wide at its narrowest point. The port has 15–20 lines of business. In 2015, the eastern section of th ...
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Texas State Historical Association
The Texas State Historical Association (TSHA) is a non-profit educational organization, dedicated to documenting the history of Texas. It was founded in Austin, Texas, on March 2, 1897. , TSHA moved their offices from Austin to the University of North Texas in Denton. In 2015, the offices were relocated again, to the University of Texas at Austin. Overview The chief executive officer is Jesús F. de la Teja and the chief historian is Walter L. Buenger. The association president (2018-2019) is Sarita Hixon; the preceding president is (2017-2018) Paula Mitchell Marks. Other past presidents include Steve Cook (2016-2017), Lynn Denton (2015-2016), John L. Nau III (2014-2015), Gregg Cantrell (2013-2014), Watson Arnold (2012-2013), Merline Pitre (2011-2012), Dianne Garrett Powell (2010–2011) and Walter L. Buenger (2009-2010). Other past presidents are the late Robert A. Calvert (1989–1990) of Texas A&M, Alwyn Barr (1992-1993) of Texas Tech University, and Jerry D. Thompson (2001†...
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Genesee & Wyoming
Genesee & Wyoming Inc. (G&W) is an American short line railroad holding company, that owns or maintains an interest in 122 railroads in the United States, Canada, Belgium, Netherlands, Poland, United Kingdom and formerly Australia. It operates more than of owned and leased track. G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers. The company had its roots in the Class III Genesee and Wyoming Railroad, which began in 1899. G&W's four North American regions serve 42 U.S. states and four Canadian provinces and include 113 short line and regional freight railroads with more than 13,000 track-miles. G&W's UK/Europe Region includes the U.K.’s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe. G&W subsidiaries and joint ventures also provide rail service at more than 30 major ports, rail-ferry service between th ...
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Rail Management Corporation
Durden Enterprises II Inc - Formally Rail Management Corporation (RMC), based in Panama City Beach, Florida, was a holding company of short line railroads in the southeastern United States. History On May 26, 2005, Genesee and Wyoming (G&W) announced that it has agreed to purchase RMC's railroad operations. G&W will pay $243 million in cash and assume $1.7 million in company debt to gain control of 14 short line railroads from RMC across the southeastern United States, as of June 1, 2005. The owners of RMC would then use cash derived from the sale to purchase several radio stations, including WILN, WKMX, KDAY, and WYYX among others. Holdings RMC held controlling interests in the following railroads: *AN Railway *Atlantic and Western Railway *Bay Line Railroad *Copper Basin Railway * East Tennessee Railway *Galveston Railroad *Georgia Central Railway *Kentucky West Tennessee (KWT) *Little Rock and Western Railway *Meridian and Bigbee Railroad *Tomahawk Railway *Valdost ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Short-line Railroad
:''Short Line is also one of the four railroads in the American version of the popular board game Monopoly, named after the Shore Fast Line, an interurban streetcar line.'' A shortline railroad is a small or mid-sized railroad company that operates over a relatively short distance relative to larger, national railroad networks. The term is used primarily in the United States and Canada. In the U.S., railroads are categorized by operating revenue, and most shortline railroads fall into the Class III or Class II categorization defined by the Surface Transportation Board. Shortlines generally exist for one of three reasons: to link two industries requiring rail freight together (for example, a gypsum mine and a wall board factory, or a coal mine and a power plant); to interchange revenue traffic with other, usually larger, railroads; or to operate a tourist passenger train service. Often, short lines exist for all three of these reasons. History At the beginning of the railroad ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Union Pacific
The Union Pacific Railroad , legally Union Pacific Railroad Company and often called simply Union Pacific, is a freight-hauling railroad that operates 8,300 locomotives over routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western, Midwestern and Southern United States. Founded in 1862, the original Union Pacific Rail Road was part of the first transcontinental railroad project, later known as the Overland Route. Over the next century, UP absorbed the Missouri Pacific Railroad, the Chicago and North Western Transportation Company, the Western Pacific Railroad, the Missouri–Kansas–Texas Railroad and the Chicago, Rock Island and Pacific Railroad. In 1996, the Union Pacific merged with Southern Pacific Transportation Company, itself a giant system that was absorbed by the Denver and Rio Grande Western Railroad. ...
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Companies Based In Galveston, Texas
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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