We investigate energy exchange in fast optical soliton collisions in Kerr nonlinear waveguides with weak linear loss, cubic gain, and quintic loss, i.e., with a Ginzburg-Landau (GL) gain-loss profile. We find that the amplitude shift in a single two-soliton collision in the presence of quintic loss is quartic in the initial soliton amplitudes, and that three-soliton interaction gives a significant contribution to the amplitude shift in a three-soliton collision. Moreover, we show that collision-induced dynamics of soliton amplitudes in a two-channel waveguide system with a GL gain-loss profile is described by a Lotka-Volterra (LV) model with quadratic and quartic interaction terms. Using the LV model, we show that linearly stable transmission with equal prescribed amplitudes can be achieved by a proper choice of the time-slot width and the ratio between the cubic gain and quintic loss coefficients. The linear stability of the transmission is confirmed by the numerical solution of a perturbed system of coupled nonlinear Schrödinger equations. Further numerical simulations show that transmission in waveguides with a GL gain-loss profile is less susceptible to radiation emission effects compared with waveguides with linear gain and cubic loss.