Genesee & Wyoming is pleased to announce that
it has signed an agreement to acquire FreightLink.
Click here for the full announcement
Customer Benefits
GWI is committed to developing its business in Australia. Our
goal is to build long-term partnerships with customers that create
value for their businesses. Our planned acquisition of
FreightLink’s assets -- together with our existing operations in
South Australia -- will establish an integrated rail business that
will yield a range of benefits for businesses using the
railway. These include:
- No disruptions to current services:
Genesee & Wyoming Australia already operates FreightLink’s
trains today. As the existing provider of above-rail services on
the Tarcoola to Darwin railway, Genesee & Wyoming Australia has
a sound understanding of FreightLink’s current business.
FreightLink customers will not experience a disruption in service
resulting from the acquisition.
- Improved services and increased maintenance and
investment: As a result of the acquisition, Genesee
& Wyoming intends that services provided to customers will
improve over time through increased investment in, and maintenance
of, the Tarcoola to Darwin railway, resulting in reduced delays and
interruptions to rail services.
- Increased certainty for customers: The
acquisition will introduce a financially stable, reliable and
experienced owner with a long-term perspective for Australia and
will provide greater commercial certainty for FreightLink’s
existing and future customers.
The acquisition of FreightLink is contingent upon customary
closing conditions, including the receipt of certain governmental
approvals. GWI anticipates the transaction will be
finalized in the next few months.
In the meantime, questions can be directed to Robert
Easthope, GWA Managing Director, at +61-8-8343
5490.