New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:35 EDTGWRGenesee & Wyoming reports May traffic up 2.3% to 171,391 carloads
Genesee & Wyoming reported May traffic figures. North American traffic increased 6,133 carloads, or 4.2%, primarily due to increased overhead Class 1 shipments, coal, agricultural products and metals traffic. Australian traffic decreased 2,269 carloads, or 10.2%, primarily due to an expected decrease in agricultural products traffic. In addition, minerals & stone traffic declined due to a reduction in gypsum shipments and the previously announced closure of a customer facility. G&Ws Other commodity group traffic increased 1,898 carloads, or 29.0%, primarily due to overhead Class 1 shipments. Coal & coke traffic increased 1,886 carloads, or 6.7%, primarily due to increased steam coal shipments in G&Ws Midwest and Ohio Valley regions. Metals traffic increased 1,545 carloads, or 9.9%, primarily due to increased shipments in G&Ws Northeast, Canada and Southern regions. Petroleum products traffic decreased 1,243 carloads, or 12.8%, primarily due to decreased shipments of crude oil in G&Ws Southern, Pacific and Canada regions, as well as decreased shipments of liquid petroleum gases in G&Ws Mountain West region. All remaining traffic decreased by a net 222 carloads.
News For GWR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 10, 2016
06:39 EDTGWRGenesee & Wyoming reports January traffic up 30.5% to 218,431 carloads
G&W's traffic in January was 218,431 carloads, an increase of 51,082 carloads, or 30.5%, compared with January 2015. G&W's same-railroad traffic in January 2016 was 139,511 carloads, a decrease of 27,838 carloads, or 16.6%, compared with January 2015. Reports North America Traffic in January was 124,416 carloads, a decrease of 16.6% compared with January 2015. The decrease was primarily due to reduced shipments of coal & coke, minerals & stone, metals and agricultural products. Reports Australia Traffic in January was 15,095 carloads, a decrease of 16.8% compared with January 2015. The decrease was primarily due to reduced metallic ores shipments from previously disclosed closures of customer iron ore and manganese mines in 2015. Reports U.K./European Operations traffic was 78,920 carloads in January 2016. Traffic in January was led by intermodal traffic in the U.K. and continental Europe as well as minerals & stone traffic in Poland and the U.K.
February 9, 2016
11:11 EDTGWRGenesee & Wyoming sees free cash flow increasing 10% in 2016
Subscribe for More Information
11:09 EDTGWRGenesee & Wyoming says Australian manganese mine ceased shipments in November
Subscribe for More Information
08:28 EDTGWRGenesee & Wyoming sees Q1 adjusted EPS 70c-75c, consensus 88c
Subscribe for More Information
08:27 EDTGWRGenesee & Wyoming sees FY16 EPS $3.60-$3.80, consensus $4.12
Subscribe for More Information
06:07 EDTGWRGenesee & Wyoming reports Q4 N American traffic down 14.8% to 388,228 carloads
Australian Operations traffic decreased 8,111 carloads, or 14.9%, to 46,245 carloads in the fourth quarter of 2015. Operating revenues from G&W's U.K./European Operations increased $156.1 million to $161.0 million in the fourth quarter of 2015, compared with $5.0 million in the fourth quarter of 2014 as a result of the newly acquired Freightliner U.K./European operations.
06:06 EDTGWRGenesee & Wyoming raises FY16 free cash flow by 10% to $285M
Subscribe for More Information
06:05 EDTGWRGenesee & Wyoming to concentrate on commercial development worldwide
Cuts investment in plant and equipment to be consistent with lower traffic levels. The company announced it has made expense reductions in every operating region, with Australia now initiating a second round of cost cuts and the U.K./Europe planning significant cost reductions and a restructuring of UK coal business in 1H16.
06:04 EDTGWRGenesee & Wyoming: 2015 trends show few signs of abating in 2016
The company commented, "The trends that made 2015 difficult show few signs of abating in 2016. In North America, we anticipate our operating income to be down slightly as sustained weakness in coal and steel shipments is expected to offset positive trends such as core pricing. In Australia, we expect a decline in operating income due to the recent closure of a manganese mine and continued pressure on our remaining iron ore business. In the U.K./Europe, we expect operating income to be flat, but to improve in the second half of 2016 after we complete the restructuring of the U.K. coal business. The net impact of these trends and weaker foreign currencies is that we expect our adjusted diluted EPS to be down approximately 10% in 2016."
06:03 EDTGWRGenesee & Wyoming: All 3 operating segments continue to face weak shipments
Subscribe for More Information
06:01 EDTGWRGenesee & Wyoming reports Q4 adjusted EPS 85c, consensus 86c
Subscribe for More Information
February 8, 2016
14:28 EDTGWRNotable companies reporting before tomorrow's open
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use