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.
Famous quotes containing the word railroad:
“People that make puns are like wanton boys that put coppers on the railroad tracks. They amuse themselves and other children but their little trick may upset a freight train of conversation for the sake of a battered witticism.”
—Oliver Wendell Holmes, Sr. (1809–1894)