G&W reduces 2016 capital plan by nearly 30 percent

摘要

Genesee &Wyoming Inc. (G&W) will target a $225 million capital program in 2016, which is down approximately 28 percent when compared to its 2015 spend of $315 million. The majority of the program, $112 million, will go toward track and structure renewals. That number is down $48 million over 2015. G&W will spend $63 million on equipment and other expenditures, which is down $ 10 million from last year. New business and investments are targeted at $35 million and grant matching capital is budgeted at $15 million in 2016.