GVT: A Quarter-Century of Progress Serving the Northeast
In 1985, Genesee Valley Transportation Company, Inc. (GVT RAIL SYSTEM) initiated operations in upstate New York, marketing rail-related transportation services to and from northeast U.S. industries. At that time, services provided by the company included purchasing and leasing railroad equipment, consulting and logistics.
In 1989, GVT was the successful bidder to operate three miles of rail line owned by Erie County, NY., which was leased to the company’s newly formed subsidiary, the Depew, Lancaster & Western Railroad (DLWR). The Erie County Industrial Development Agency is the lessor. The following year, GVT acquired the Lowville & Beaver River Railroad (LBR) in New York’s Adirondack region.
GVT again expanded in 1991, when the Mohawk, Adirondack & Northern Railroad (MHWA) was formed as a new subsidiary to operate trackage acquired from Conrail, also in the Adirondack region. The MHWA operates 124 miles of rail line with terminals at Utica and Carthage, N.Y.
In 1992 and 1993, GVT continued to grow by purchasing additional lines from Conrail in the Utica, Rome and Batavia, N.Y., areas using the Genesee & Mohawk Valley Railroad name. In turn, the properties in Utica and Rome were leased to the MHWA, and the property in Batavia was leased to the DLWR.
In 1993, GVT was presented with its first opportunity to operate outside New York when the company was the successful bidder to run the Lackawanna County Rail Authority's rail lines in the industrial areas of Lackawanna and Monroe counties near Scranton, PA. GVT's Delaware-Lackawanna Railroad (DL) began serving this region in August of 1993, and now operates more than eighty-eight miles of line north and east from its Scranton terminal.
GVT's most recent purchase was the Falls Road Railroad (FRR), incorporated in 1996 to acquire and operate Conrail track from Lockport to Brockport, NY. The FRR is a forty-five mile rail line with its terminal at Lockport.
From 1989 to the present, GVT has expanded from a modest, three-mile, short line to a regional system operating more than 300 miles of rail lines in New York and Pennsylvania. The company operates a fleet of thirty locomotives, employs more than sixty people and operates eight terminals. Additionally, GVT pursues business growth opportunities in areas such as industrial switching, warehousing, transloading and transportation logistics to provide customers with tailored, cost-effective, efficient and value-added solutions to their supply chain needs. As an example, in 2003 GVT's DLWR Transload facility opened at Lancaster, NY, and provides customized train-to-truck and warehousing services in the Buffalo area and surrounding region.
GVT is privately owned with its corporate headquarters at Batavia, NY. The company serves more than 125 customers throughout New York and Pennsylvania. With the 1999 Conrail acquisition by CSX Transportation and Norfolk Southern, the dominant class one rail transportation companies east of the Mississippi River, GVT RAIL began interchanging with both, as well as with Canadian Pacific Railway. In 2008, GVT handled more than 15,000 carloads generating over $5.4 million in revenue.
GVT's long-term vision is focused on providing shippers with customized services which help them improve their competitive position in the marketplace. By doing so, GVT expects to continue its long-term growth as a premier regional transportation service and logistics provider in the northeast. Commitment to excellent through value-added service is GVT’s goal.