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 opened at the port. This was the result of a public-private partnership that the port entered into with Wallenius Wilhelmsen Logistics Vehicle Services Americas. The new site has the capacity to import 32,500 cars per year, an inventory worth more than $1.3 billion. As of 2017, Galveston is the 4th-busiest cruise ship homeport in North America and one of the top 10 homeports in the world. Over the years, the port has welcomed ships from major cruise lines including Carnival Cruise Lines, Royal Caribbean Cruise Lines, Princess Cruises, Disney Cruise Lines, and Norwegian Cruise Lines. In 2017, three Carnival ships