The Galveston Railroad (reporting mark GVSR) is a Class III terminal switching railroad headquartered in Galveston, Texas. It primarily serves the transportation of cargo to and from the Port of Galveston.
GVSR operates 32 miles (51 km) of yard track at Galveston, over a 50-acre (200,000 m2) facility.
The railroad was formed in 1900 as the Galveston Wharves Railway. It is owned by the City of Galveston, and GVSR took over operations in 1987.
On May 26, 2005, Genesee and Wyoming (GWI) announced that it has agreed to purchase the railroad operations of Rail Management Corporation (RMC), parent company of Galveston Railroad. GWI paid $243 million in cash and assume $1.7 million in company debt to gain control of 14 short line railroads from RMC across the southeastern United States, as of June 1, 2005.
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Famous quotes containing the word railroad:
“I was the conductor of the Underground Railroad for eight years, and I can say what most conductors cant sayI never ran my train off the track and I never lost a passenger.”
—Harriet Tubman (18211913)