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Genesee & Wyoming Partners with CN for Cape Breton & Central Nova Scotia Railway

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Genesee & Wyoming Partners with CN for Cape Breton & Central Nova Scotia Railway


Genesee & Wyoming Inc. (G&W) has announced a partnership with CN, effective immediately, involving G&W's Cape Breton & Central Nova Scotia Railway (CBNS). Under this partnership, CN will acquire a stake in CBNS and manage interline movements for customers, while a G&W subsidiary will continue to operate the CBNS line.

Benefits of the Partnership:

Rick McLellan, President of G&W's Canadian operations, highlights the expertise of both companies in this partnership. By leveraging the local, first- and last-mile railroad expertise of G&W and the broader North American freight-rail network of CN, the partnership aims to enhance service for rail-served industries in the Nova Scotia region. Customers can continue to rely on safe and efficient transportation services.

About Genesee & Wyoming Inc.:

G&W owns or leases 116 freight railroads, employing 7,300 people and serving 3,000 customers. Their North American operations consist of 111 short line and regional railroads, covering 43 U.S. states and five Canadian provinces. G&W subsidiaries and joint ventures also provide rail services at major ports, rail-ferry service, transload services, and industrial railcar switching and repair. In conclusion, the partnership between Genesee & Wyoming and CN for the Cape Breton & Central Nova Scotia Railway aims to enhance rail services and benefit rail-served industries in the Nova Scotia region. By leveraging their respective expertise, the partnership aims to provide safe, efficient, and reliable transportation services to customers. The recent partnership announcement between Genesee & Wyoming Inc. (G&W) and CN involving the Cape Breton & Central Nova Scotia Railway (CBNS) could have significant implications for new businesses, particularly those in the transportation and logistics sectors. This strategic partnership leverages the unique strengths of both companies, combining G&W's local railroad expertise with CN's extensive North American freight-rail network. The result is an enhanced service for rail-served industries in the Nova Scotia region, offering safe, efficient, and reliable transportation services. For new businesses, this partnership serves as a powerful example of the potential benefits of strategic collaboration. By aligning with a partner that complements their own strengths and capabilities, businesses can enhance their service offerings, expand their reach, and better serve their customers. Furthermore, the partnership underscores the importance of operational continuity. As CN acquires a stake in CBNS, a G&W subsidiary will continue to operate the CBNS line, ensuring a seamless transition and uninterrupted service for customers. This highlights the need for new businesses to prioritize operational efficiency and continuity in their strategic planning. In conclusion, the G&W-CN partnership offers valuable insights for new businesses. It underscores the power of strategic collaboration, the importance of operational continuity, and the potential to enhance service offerings through partnerships.
Story First Published at: https://financialpost.com/pmn/business-wire-news-releases-pmn/genesee-wyoming-enters-into-partnership-with-cn-involving-cape-breton-central-nova-scotia-railway
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