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
Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) Friday said its first-quarter profit rose from last year, as revenues increased. However, the company's operating profit dropped hurt by derivative losses and lower railroad revenues. Berkshire is a holding company with a number... Rare commodities are worth more than good is a Chinese adage. And more so when it is in the sought-after drug space. Rare and ultra-rare diseases, also called orphan and ultra-orphan diseases, as the names imply, affect very small numbers of patients. So why the clamor? Shares of steel giant ArcelorMittal were losing around 4 percent in the early morning trading in Amsterdam after the company reported sharp decline in first-quarter EBITDA, a key earnings metric, as sales were weak with lower prices and production. Net loss, however, narrowed from last year. The company also confirmed its forecast for annual EBITDA, which is lower than last year.
comments powered by Disqus
Follow RTT