Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for July 2012.
GWI’s traffic in July 2012 was 80,858 carloads, a decrease of 4,341 carloads, or 5.1 percent, compared with July 2011.
The table below sets forth consolidated carloading information for July 2012 and July 2011. Additional carload information for GWI’s North American and Australian operations is included as an exhibit to this press release.
|Genesee & Wyoming Inc.|
|by Commodity Group||July||July|
|Coal & Coke||17,083||16,622||2.8%|
|Minerals & Stone||10,645||12,713||-16.3%|
|Pulp & Paper||9,433||8,319||13.4%|
|Farm & Food Products||8,827||10,883||-18.9%|
|Lumber & Forest Products||6,027||5,245||14.9%|
|Chemicals & Plastics||5,646||4,902||15.2%|
|Autos & Auto Parts||645||745||-13.4%|
|* - Represents intermodal units|
|** - Includes carloads and intermodal units|
Excluding 2,893 carloads from GWI railroads acquired within the last 12 months, same-railroad traffic in July 2012 decreased 7,234 carloads, or 8.5 percent, compared with July 2011. GWI’s other commodity group traffic decreased 4,568 carloads primarily due to no overhead coal shipments in GWI’s Ohio Region in July 2012. Minerals & stone traffic decreased 2,324 carloads primarily due to reduced rock salt shipments in GWI’s New York/Pennsylvania Region as a result of warm winter weather. Farm & food products traffic decreased 2,123 carloads primarily due to reduced shipments in GWI’s Australia and Illinois Regions. The shipment decline in the Australia Region was primarily due to an accelerated shipping schedule earlier in 2012. The shipment decline in the Illinois Region was primarily due to elevated traffic in 2011 associated with carloads diverted around flooding in the Midwest. Metals traffic decreased 1,178 carloads primarily due to reduced shipments in GWI’s Southern Region, where an expected maintenance outage affected shipment volumes in the month. All remaining traffic increased by a net 2,959 carloads.