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Freightliner Various Trainee Drivers

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Sharp Boy

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31 Jul 2019
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Anyone heard this???



June 30 (Reuters) - Investment firm Brookfield Asset Management Inc(BAM) has agreed to acquire U.S. freight railroad owner and operator Genesee & Wyoming Inc(GWR) for close to $9 billion, including debt, people familiar with the matter said on Sunday.

Genesee & Wyoming's (GWR) decision to sell itself comes after its string of acquisitions of short-line railroads made investing in the maintenance of its expanding network more expensive, amid weakness in some of its core North American markets for the transport of steam coal and agricultural products.

Some buyout firms such as Brookfield specialize in helping companies they buy bankroll further acquisitions to consolidate their sectors. The deal shows Brookfield is not fazed by the uncertainty that the trade war between the United States and China has cast on Genesee & Wyoming's(GWR) business.

A Brookfield infrastructure fund has agreed to pay more than $110 per share in cash for Genesee & Wyoming(GWR), the sources said, requesting anonymity ahead of an official announcement expected as early as Monday. Genesee & Wyoming(GWR) shares ended trading on Friday at $100.

Toronto-based Brookfield declined to comment, while Genesee & Wyoming(GWR) did not immediately respond to a request for comment.

Based in Darien, Connecticut, Genesee & Wyoming(GWR) owns or leases 120 freight railroads in the United States, Canada, Britain and continental Europe.

The company's revenues have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming's(GWR) latest annual report.

Much of that growth was fueled by Genesee & Wyoming's(GWR) acquisition of short-line rail assets from "Class I" carriers in North America, the biggest operators focusing on longer routes. The transport of many commodities relies on the short-line rail roads that Genesee & Wyoming(GWR) operates.

"Medium-term growth opportunities (for Genesee & Wyoming(GWR)) remain solid, including a healthy North American pipeline of industrial development projects and spot-coal haulage contracts in Australia," Morningstar analysts wrote in a research note last month.

The acquisition of Genesee & Wyoming(GWR) would be the latest big leveraged buyout by Brookfield, which agreed last year to buy Johnson Controls International Plc's(JCI) power solutions business for about $13 billion.

Bloomberg News reported last week that an affiliate of Brookfield was "the frontrunner" to acquire Genesee & Wyoming(GWR) following an auction for the company. (Reporting by Joshua Franklin and Greg Roumeliotis in New York; Editing by Peter Cooney)

This looks like good news. Will be watching with interest
 
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Jordan ruck

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26 Jan 2019
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29
Sat assessments end of 2018.
Got the email putting me in the pool on 31st Jan. HH Reading.

... Still waiting!
Was starting to feel like the only one for Reading still here, and was worried that I had missed the current course. Have you heard anything at all in the meantime?
 

DMcq2010

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Joined
17 Dec 2018
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Was starting to feel like the only one for Reading still here, and was worried that I had missed the current course. Have you heard anything at all in the meantime?
I'm wembley too mate, presuming that it would run in line with the same course including some of the mendip people. Would make sense. The crewe course has obviously been put out. I'm hoping that it means we may be following on by the end of the year at the Ipswich facility. Who knows though.
 

Kittman10

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2 May 2019
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31
Is the driving hours normally 35 hours a week. I've how long does it normally take to get to 250 hours
Cheers
 

Paulm36

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Joined
5 Jun 2017
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131
Driving hours only count when the wheels are turning. You could have a 9 - 10 hour diagram and only do 3-4 hours driving. It all depends on what the job is.
 

Kittman10

Member
Joined
2 May 2019
Messages
31
Ok thanks so it varies how long it generally takes to get the 250 hours under your belt. Do you automatically go on the full wage at that point.
Cheers
 

cossie4i

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Joined
2 Jun 2014
Messages
314
Location
Somerset
Maybe some good news for those waiting in the pool.
Only 18 of the 45 driver's at Westbury have agreed to be TUPE'D to FL.
 

martin2345uk

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Joined
21 Sep 2011
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2,052
Location
Essex
Excellent. How is it going? I am still sloshing around in the pool and interested to know how you have found the training so far.

Enjoying it mate, my mentor driver is sound which helps, met some great people on my course, just getting used to the shifts now... taking a while!! :)
 

DMcq2010

Member
Joined
17 Dec 2018
Messages
78
Presuming nobody has heard anything in some time. Would love to be on a course or have a date by the end of the year.... we live in hope.
 

TheNewGuy

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Joined
5 Nov 2018
Messages
60
Presuming nobody has heard anything in some time. Would love to be on a course or have a date by the end of the year.... we live in hope.
It's so painful isn't it. I could handle it if I knew it would definitely happen... But I'm beginning to doubt it now, which isn't good for my morale right now!
 

GLENMAYE77

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28 Sep 2017
Messages
319
I’ve been waiting a year for my opportunity.....start training in 6 days......patience is definitely the key, although it will drive you crazy.
 

Timpg

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Joined
30 Jan 2014
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303
Location
Ipswich
How long have you been in the pool

Iv been in the pool since July last year and I’m an internal applicant !! There was two chaps who applied for my chosen depot, who passed their tests when they advertised August/September last year, they started before me, in November! They’re now close to finishing their driving hours and iv heard absolutely nothing since I was originally told I was in the pool!!! Bit of a kick in the teeth, but it’s not all bad as I pretty much gave up and applied elsewhere, was successful and now due to start in the next few weeks with a TOC!
 

Numbnuts846

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28 Nov 2018
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Iv been in the pool since July last year and I’m an internal applicant !! There was two chaps who applied for my chosen depot, who passed their tests when they advertised August/September last year, they started before me, in November! They’re now close to finishing their driving hours and iv heard absolutely nothing since I was originally told I was in the pool!!! Bit of a kick in the teeth, but it’s not all bad as I pretty much gave up and applied elsewhere, was successful and now due to start in the next few weeks with a TOC!


At least your in a pool which is a good thing ! Having passed the train drivers physometric test in feburay for the 5th time I still can't even land in the pool for anybody . Just missed out with db last month and been turned down again for a TOC I'm thinking of giving up now
 

Kittman10

Member
Joined
2 May 2019
Messages
31
Hi
Good luck with the course any info you could find out would be appreciated in terms of when the next likely course is going to be for Mendip.
Cheers
 

Bristol VRIII

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23 Apr 2017
Messages
141
Hi guys I've been in the pool since September last year for HH Peterborough/Bedford depot to come up have given up hope too :(
 
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