Genesee & Wyoming Inc. (GWR: Quote) said its traffic in May was 78,536 carloads, down 3,783 carloads, or 4.6 percent, from the prior year.
Excluding 1,327 carloads from the Arizona Eastern Railway acquisition, which closed September 1, 2011, and 155 carloads from the Hilton & Albany Railroad, Inc., or HAL, which commenced operations on January 1, 2012, same-railroad traffic in May decreased 5,265 carloads, or 6.4 percent, compared with the previous year.
The company's traffic in the second quarter of 2012 through May was 156,162 carloads, 5.1 percent lower than a year ago.
Excluding 2,601 carloads from Arizona Eastern Railway acquisition and 351 carloads from HAL, same-railroad traffic in the second quarter decreased 11,299 carloads, or 6.9 percent, compared with the same quarter last year. The traffic decline was principally due to decreases of 8,445 carloads of other commodity group traffic and 5,645 carloads of coal & coke traffic. All remaining traffic increased by a net 2,791 carloads.
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by RTT Staff Writer
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