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Stock Market & Financial Investment News

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November 13, 2012
06:04 EDTGWRGenesee & Wyoming reports October total car loads down 4.8%
Excluding 125 carloads from the Hilton & Albany Railroad, which commenced operations on January 1, and 1,249 carloads from the Columbus & Chattahoochee Railroad, which commenced operations on July 1, same-railroad traffic in October decreased 5,464 carloads, or 6.5%, compared with October 2011. GWI's other commodity group traffic decreased 3,071 carloads in October primarily due to no overhead coal shipments in GWI's Ohio Region. Farm & food products traffic decreased 3,014 carloads primarily due to reduced shipments in GWI's Australia Region as a result of an accelerated shipping schedule earlier in 2012, as well as a mechanical failure at an export grain terminal in Adelaide, South Australia. Coal & coke traffic decreased 1,569 carloads primarily due to reduced shipments in GWI's Ohio and Illinois Regions. Metals traffic decreased 1,045 carloads primarily due to reduced shipments in GWI's Rail Link Region. These decreases were partially offset by a 1,168 carload increase in lumber & forest products traffic primarily due to increased shipments in GWI's Oregon Region. All remaining traffic increased by a net 2,067 carloads.
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