Big takeover for freight railroad operator Genesee & Wyoming

Connecticut-based freight railroad operator Genesee & Wyoming on Monday announced that it will be taken private by Canadian investor Brookfield Infrastructure and Singapore sovereign wealth fund GIC, for $8.4 billion (including assumed debt).

Why it matters: This represents more than a 50% premium to where Genesee & Wyoming shares began 2019, reflecting how railroads have been winning back market share from trucking companies.