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Genesee & Wyoming March Traffic Down 13.6% - Quick Facts

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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.

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by RTT Staff Writer

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