Rapid City, Pierre & Eastern Railroad, Inc. (RCPE), a subsidiary of Genesee & Wyoming Inc. (G&W) (NYSE:GWR), was named Regional Railroad of the Year by Railway Age magazine this week, an award for outstanding achievement in innovation, marketing, customer service and safety.
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RCPE's achievements include completing 2016-2018 with zero Federal Railroad Administration-reportable employee injuries, investing more than $80 million in infrastructure, growing revenues 20 percent since 2015 and attracting more than $300 million in new customer investments along the rail line.
"This is well deserved recognition for the railroad's 175 employees," says Michael Miller, G&W's president, North America. "RCPE's success has been a true public-private partnership among the railroad, customers and government to invest and grow together. We committed to investing and improving service levels, and customers committed to growing their business with us. State and federal grants helped the railroad increase its capacity and upgrade the line, which were key to attracting new investment in the region."
The 670-mile freight line runs from Tracy, Minn., to Rapid City, S.D., passing through Brookings, Huron, Miller, Highmore, Pierre and Wall, S.D., with branches from Redfield to Mansfield, S.D., as well as from Rapid City to both Colony, Wyo., and Chadron, Neb. Commodities hauled include grain, bentonite clay, cement, ethanol and fertilizer.
The railroad began operations June 1, 2014, following RCPE's purchase of the west end of the former Dakota, Minnesota & Eastern rail line from Canadian Pacific.
About G&W
G&W owns or leases 120 freight railroads organized in eight locally managed operating regions with 8,000 employees serving 3,000 customers.
G&W subsidiaries and joint ventures also provide rail service at more than 40 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, contract coal loading, and industrial railcar switching and repair.
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