logo
Share SHARE
FONT-SIZE Plus   Neg

Genesee & Wyoming March Traffic Down 13.6% - Quick Facts

Genesee & Wyoming Inc. (GWR) said its traffic in March 2012 was 77,046 carloads, a decline of 12,088 carloads or 13.6 percent, compared to March 2011.

Excluding 1,310 carloads from the Arizona Eastern Railway, or AZER, acquisition, which closed September 1, 2011, and 250 carloads from the Hilton & Albany Railroad, Inc. (HAL), which began operations on January 1, 2012, same-railroad traffic in March 2012 decreased 13,648 carloads or 15.3 percent, compared with March 2011.

Coal & coke traffic decreased 8,462 carloads mainly due to lower shipments in the company's Illinois, New York/Pennsylvania and Ohio Regions. Genesee & Wyoming's other commodity group traffic decreased 3,905 carloads primarily due to lower overhead coal shipments in its Ohio Region.

The company's traffic in the first quarter of 2012 was 222,178 carloads, a decrease of 22,378 carloads or 9.2 percent, compared to year-ago quarter.

Excluding 4,028 carloads from AZER and 757 carloads from HAL, same-railroad traffic in the first quarter of 2012 decreased 27,163 carloads or 11.1 percent, compared to first quarter of 2011. The traffic decrease was principally due to decreases of 22,205 carloads of coal & coke traffic and 8,638 carloads of other commodity group traffic, partially offset by an increase of 3,188 carloads of metals traffic.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT