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 the Board of Trustees of the Galveston Wharves, as designated by the City Charter. The port is self-sustaining, and does not receive any taxpayer funding. The Port of Galveston consists of the Galveston Ship Channel, the south side of Pelican Island, the north side of Galveston Island and the entrance to Galveston Bay. The Galveston Channel has an authorized minimum depth of and is wide at its narrowest point. The port has 15-20 lines of business. In 2015, the eastern section of the port, ending at Pier 38, was dredged to a depth of . Siltation occurred at a faster