GREENWICH, Conn., Dec. 18 /PRNewswire/ --

Genesee & Wyoming Inc. (GWI) (Nasdaq: GNWR) announced today that its joint venture, Australian Railroad Group Pty Ltd (ARG), has completed the acquisition of Westrail Freight from the government of Western Australia for approximately $323 million including working capital and acquisition costs. ARG is a joint venture owned 50 by GWI and 50 by Wesfarmers Limited, a public corporation based in Perth, Western Australia. Westrail Freight is composed of the freight operations of the formerly state-owned railroad of Western Australia. To complete the acquisition, GWI contributed Australia Southern Railroad (ASR) to ARG along with ...