Genesee & Wyoming Inc. Is Off to a Solid Start in 2018

Genesee & Wyoming (NYSE: GWR)delivered double-digit revenue and earnings-per-share growth in the first quarter thanks to the positive impact of acquisitions and changes to the U.S. tax law. Those factors enabled the company to more than offset hitting a speed bump in its North American rail operations, which caused those results to fall short of its expectations.

However, the company did note that its North American business started gaining steam toward the end of the quarter, which when combined with other positives on the horizon, positions the company to deliver even better financial results in the second half of 2018.