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
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade GWR now with 
Follow RTT