Industrial development projects on G&W will add more than 82,000 new carloads [Yahoo! Finance]
Brookfield Asset Management Inc. (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
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Source: Yahoo! Finance
The projects are expected to generate more than 700 jobs in communities along G&W's U.S. freight railroads and add more than 82,000 carloads, G&W said on Wednesday. "Industrial development projects are a key component of our growth strategy, and whether customers are constructing new plants, expanding existing facilities, or even re-opening shuttered sites, the recent projects along our footprint demonstrate that they view rail transportation as critical to their success," G&W CEO Michael Miller said. "Customers recognize the safety, efficiency and economic benefits of using rail to transport their raw materials or finished goods, and they trust G&W railroads to meet their needs and grow alongside them." While the lion's share of projects was in the agriculture, chemical and minerals and stone sectors, the company's railroads assisted in bringing projects to fruition across a wide array of industries, including auto, food, and lumber. Among the highlights are new facilities for
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