In 1840 the GJR absorbed the Chester and Crewe Railway shortly before it opened. Seeing itself as part of a grand railway network, it encouraged the development of the North Union Railway which took the tracks onward to Preston, and it also invested in the Lancaster and Carlisle railway and the Caledonian Railway. In 1845 the GJR merged with the Liverpool and Manchester Railway, and consolidated it's position by buying the North Union Railway in association with the Manchester and Leeds Railway[?].
The GJR was very profitable, paying dividends of at least 10% from its opening and having a final capital value of over £5.75 million when it became part of the London and North Western Railway in 1846.
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