A deal is on track to combine the two largest short-line freight rail operators in North America. The Rochester Democrat and Chronicle reports that Genesee & Wyoming Inc. is in the process of buying RailAmerica for nearly $1.4 billion.
The new company will operate railroads in Genesee, Wyoming, Livingston and Monroe counties as part of a network that includes 108 railroads in the U.S. and abroad.
The deal will reportedly diversify what the railroads carry, offering protection from prolonged weakness in certain shipments like coal, and make Genesee & Wyoming less dependent on certain big customers.
The deal still needs approval by the Surface Transportation Board, the agency that regulates U.S. railroad.
The Genesee & Wyoming railroad started in 1899 as a 14-mile railroad in the Rochester area. The expansion will give it more than 12,000 track miles in North America, as well as operations in Australia, the Netherlands and Belgium.
A Buffalo city jail cell block attendant was arrested early Saturday morning on multiple animal cruelty charges.
Slippery spots today, lakes become more active through the middle of the week.
Police say that with the assistance of local media, they were able to identify the person responsible.
Monday is being billed as a national "Day of Action" among teachers and community groups who are worried about the state of education.
The jury listened to disturbing testimony last week and Monday they could begin deciding the teenager’s fate.
It's been one month since Typhoon Haiyan barreled through the Philippines, leveling towns and killing nearly 6,000 people.