In July 2003 , the Carolina Coastal Railway , operated by G&W subsidiary Rail Link, Inc., was sold to Main Line Rail Management, Inc.
On May 26 , 2005 , G&W announced that it has agreed to purchase the railroad operations of Rail Management Corporation (RMC). G&W will pay $ 243 million in cash and assume $1.7 million in company debt to gain control of 14 Short Line railroads from RMC across the southeastern United States , as of June 1 , 2005 .
