Genesee & Wyoming Announces Expansion of Australian Iron Ore Haulage Contracts is a free online Railroad Discussion Forum and Railroad Photo Gallery for railroaders, railfans, model railroaders and anyone else who is interested in railroads. We cover a wide variety of topics, including freight trains, passenger and commuter railroads, rail news and information, tourist railroads, railway museums and railroad history.

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ADELAIDE, Australia & GREENWICH, Conn.--(BUSINESS WIRE)--Jul. 17, 2012--
Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that its
subsidiary, Genesee & Wyoming Australia Pty Ltd (GWA), has expanded two
existing rail haulage contracts with Arrium Limited (formerly OneSteel)
(ASX: ARI) to transport an additional 2.7 million tons per year of
export iron ore in South Australia. To support the increased shipments
under the two contracts, GWA will invest A$60 million to purchase new
narrow gauge locomotives and wagons as well as to construct a standard
gauge rolling-stock maintenance facility.

GWA curre...

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