Genesee & Wyoming, the owner and operator of short line and regional freight railroads, has reported a net income of $21.2 million in the third quarter of 2008, compared to $16.2 million in the third quarter of 2007.

By Dave Sheeley, Milwaukee Journal Sentinel Jun. 18--Town of Genesee -- Along Highway C here on some days, a machine can be seen grinding yard waste into tall piles of compost. Nearby, workers are mining gravel in a pit. The two operations don't appear to be connected, but they are.