SEACOR and Genesee & Wyoming created a joint venture to operate CG Railway.

SEACOR and Genesee & Wyoming formated a 50/50 joint venture in order to own and operate CG Railway, a subsidiary of SEACOR and a freight railroad provider. Financial terms were not disclosed. “We are committed to improve the rail ferry’s on-time performance by leveraging SEACOR’s expertise in marine operations. Combining reliable service with the cost efficiency of short sea shipping and the 50% shorter transit time versus land routes, we create a compelling alternative for customers moving goods between the eastern U.S. and Canada to and from central and southern Mexico.” Kevin Wild, CGR Senior Vice President.