Genesee & Wyoming plans to separate into three geographically focused companies
BIP•Genesee & Wyoming plans to separate into three geographically focused companies, pending regulatory approval, with the companies set to operate independently from Jan. 1, 2027. Each will remain under Brookfield and GIC ownership.
1. Three-company plan
Genesee & Wyoming said it plans to separate into three companies, subject to regulatory approval, and have them operate independently from Jan. 1, 2027. The companies will be Atlantic & Great Lakes Transportation Inc., Canyon & Cascade Transportation Inc. and Genesee & Wyoming Inc., all under continued ownership of Brookfield and GIC.
2. Leadership and operations
Genesee & Wyoming Inc. will be based in Jacksonville and led by CEO Michael Miller. Canyon & Cascade will be led by CEO David Franklin, and Atlantic & Great Lakes by CEO Bill Keough. Genesee & Wyoming will retain subsidiary operations in the Midwest, Southeast, central U.S. and Canada, representing about 65% of its business as it currently exists.
