The Galveston Railroad is a
Class III terminal switching railroad headquartered in
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 Ga ...
,
Texas
Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the 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 ...
. It primarily serves the transportation of cargo to and from the
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 ...
.
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
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 ...
(G&W) announced that it has agreed to purchase the railroad operations of
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) ...
(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 territori ...
, as of June 1, 2005.
References
External links
Link_to_Union_Pacific_website_with_GVSR_Details.html" ;"title="Union Pacific">Link to Union Pacific
website with GVSR Details">Union Pacific">Link to Union Pacific
website with GVSR Details
Galveston Railroad official webpage - Genesee and Wyoming website
{{Texas railroads
Companies based in Galveston, Texas
Genesee & Wyoming
Texas railroads