Galveston Railroad 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. 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
Port of Galveston and two Royal Caribbean ships call the port home year-round, while Disney operates one ship for limited sailings. An estimated 946,000 cruise passengers will sail from the port in 2017, a ten percent increase over 2016. A 2015 economic analysis estimated that cruise passengers injected $56 million per year into the local Galveston economy, an average of $62 per passenger. There are two dedicated cruise terminals. Unlike many other ports, the cruise terminals are not used for other activities, such as conferences or corporate events. Terminal 1 was expanded and improved in 2010, as a condition of Carnival placing their