Genesee & Wyoming Industries purchased the Providence & Worcester Railroad for $125 million. At $25 per share, they paid 53% more than P&W's closing price on Friday. I wonder if that's going to be the curtain call for Guilford Transportation/Pan Am Railways. I see Norfolk Southern taking them over eventually. GWI will probably have the most trackage in the New England Market.

http://www.wsj.com/articles/genesee-wyom...1471266714

That's been the trend for a century or more - more successful lines buying up smaller less successful ones. It's the only way to make a go of things in this crippled economy.

G&W has a humble beginning as a 14 mile rock salt hauler and is still hauling salt.

G&W now owns 114 short lines and operates in 41 states,4 Canadian Provinces and has rail operation in Australia and UK/Europe.

For those that may not know GWI also bought Rail America and the Ohio Central Systems.

I would not be surprise if GWI buys Guilford Transportation/Pan Am Railways.

I seriously doubt if NS has a hankering to enter the short line business that's why NS and CSX decided on CSAO as their local service operator in some areas.

They may want to own Guilford/Pan Am before Genesee & Wyoming buys them.