Genesee Valley Transportation
Encyclopedia
The Genesee Valley Transportation Company, based in Batavia, New York, is a holding company
for several short-line railroads located in New York
and Pennsylvania
. It was founded by Jeffrey Baxter, Charles Riedmiller, John Herbrand, Michael Thomas and David Monte Verde who continue to make up its corporate ownership.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
for several short-line railroads located in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
and Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
. It was founded by Jeffrey Baxter, Charles Riedmiller, John Herbrand, Michael Thomas and David Monte Verde who continue to make up its corporate ownership.
Subsidiaries
- Delaware-Lackawanna RailroadDelaware-Lackawanna RailroadThe Delaware–Lackawanna Railroad is a shortline railroad operating in Pennsylvania.The DL began service in August 1993 and is the designated operator for 85 miles of trackage in Lackawanna and Monroe Counties. It is a subsidiary of holding company Genesee Valley Transportation Company, Inc...
(1993) - Depew, Lancaster and Western RailroadDepew, Lancaster and Western RailroadThe Depew, Lancaster and Western Railroad is a class III railroad operating in New York. It is a subsidiary of Genesee Valley Transportation . The DLWR is composed of two operations, one located between Depew, New York and Lancaster, New York and the other in Batavia, New York...
(1989) - Falls Road RailroadFalls Road RailroadThe Falls Road Railroad is a Class III short line railroad owned by Genesee Valley Transportation. The railroad operates in Niagara, Orleans, and Monroe counties in New York. The railroad's right-of-way consists of of track, known as the Falls Road Branch, that were acquired from Conrail on...
(1996) - Genesee and Mohawk Valley Railroad (1992), leased to DL&W and MA&N
- Lowville and Beaver River RailroadLowville and Beaver River RailroadThe Lowville and Beaver River Railroad is a short-line railroad owned by Genesee Valley Transportation of Batavia, New York. The Lowville & Beaver River runs from an interchange, with GVT subsidiary Mohawk, Adirondack and Northern Railroad to Croghan, New York.-History:The Lowville &...
(1990) - Mohawk, Adirondack and Northern Railroad (1991)