With the operator of Chicago, Fort Wayne, and Eastern Railroad about to seek regulatory approval for a planned acquisition, some Hamlet officials are making their opinions known to the federal government. Genesee & Wyoming has announced that it’s set to be acquired by Brookfield Infrastructure and investment firm GIC for about $8.4 billion.
Continue readingOwner of Chicago, Fort Wayne & Eastern Railroad to Be Sold
The owner of the Chicago, Fort Wayne & Eastern Railroad is being sold. Genesee & Wyoming announced Monday that it’s set to be acquired by Brookfield Infrastructure and investment firm GIC for about $8.4 billion. It would make Genesee & Wyoming a privately-held company.
Continue readingSCEDF Continues Working with Railroad to Improve Hamlet Railroad Crossing
A rough railroad crossing in Hamlet continues to draw the attention of economic development officials. The town council has been complaining about the Chicago, Fort Wayne & Eastern’s Starke Street crossing for years. Last month, Starke County Economic Development Foundation Executive Director Charlie Weaver offered to speak to railroad officials, but the town didn’t get an immediate response.
This week, Weaver told council members that he’s still working with the railroad’s parent company, but he needs to get all the details straight. “I’m in communication with the Genesee & Wyoming railroad. They like to know exactly who you had conversation with, so we can pin it down, and I need to verify the absolute nature of the complaint. It’s a rough crossing right?” Continue reading
