Galveston Railroad
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.[1] GVSR operates 32 miles (51 km) of yard track at Galveston, over a 50-acre (200,000 m2) facility.On May 26, 2005, Genesee & Wyoming (G&W) announced that it has agreed to purchase the railroad operations of Rail Management Corporation (RMC), the parent company of Galveston Railroad.G&W 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.