Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Genesee & Wyoming March Traffic Down 13.6% - Quick Facts

RELATED NEWS
Trade GWR now with 
4/13/2012 6:44 AM ET

Genesee & Wyoming Inc. (GWR: Quote) 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.

Register
To receive FREE breaking news email alerts for Genesee & Wyoming Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.