Galveston Railroad Galveston Railroad The Galveston Railroad is a Class III terminal switching railroad headquartered in Galveston, Texas. It primarily serves the transportation of cargo to and from the Port of Galveston. GVSR operates of yard track at Galveston, over a facility. The railroad was formed in 1900 as the Galveston Wharves Railway. It is owned by the City of Galveston, and GVSR took over operations in 1987. On May 26, 2005, Genesee and Wyoming (GWI) announced that it has agreed to purchase the railroad operations of Rail Management Corporation (RMC), the parent company of Galveston Railroad. GWI paid $243 million in
Galveston, Texas the plan to raise much of the existing city to a sufficient elevation behind a seawall so that confidence in the city could be maintained. The city developed the city commission form of city government, known as the "Galveston Plan", to help expedite recovery. Despite attempts to draw investment to the city after the hurricane, Galveston never returned to its levels of national importance or prosperity. Development was also hindered by the construction of the Houston Ship Channel, which brought the Port of Houston into competition with the natural harbor of the Port of Galveston for sea traffic. To further