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 was $28,895, and the median income for a family was $35,049. Males had a median income of $30,150 versus $26,030 for females. The per capita income for the city was $18,275. About 17.8% of families and 22.3% of the population were below the poverty line, including 32.1% of those under age 13 and 14.2% of those age 89 or over. The Port of Galveston, also called Galveston Wharves, began as a trading post in 1825. Today, the port has grown to of port facilities. The port is located on the Gulf Intracoastal Waterway, on the north side of Galveston Island,