2 agencies cut short-line operator G&W’s rating, cite debt-funded dividend

The detailed finances of short-line rail operator Genesee & Wyoming (G&W) haven’t been available since it was bought by an infrastructure-focused investment firm in 2019.  But G&W has publicly traded debt, and that means rating agencies issue reports on certain aspects of its finances. And last week, in a report that is almost two reports…

Sheer Logistics acquires CargoBarn to expand brokerage specialties

Managed transportation provider Sheer Logistics announced Tuesday it has acquired freight brokerage CargoBarn. The strategic move enhances Sheer Logistics’ brokerage services, diversifying the type of freight in its portfolio. The acquisition aims to strengthen the company’s ability to handle future cyclical market shifts. Terms of the acquisition were not disclosed. “We see this as a…