Farm & food products traffic decreased 3,248 carloads primarily due to reduced shipments in GWI’s Australia Region. The shipment decline in the Australia Region was primarily due to an accelerated shipping schedule earlier in 2012, as well as a mechanical failure at an export grain terminal in Adelaide, South Australia.
GWI’s other commodity group traffic decreased 2,033 carloads in September 2012 primarily due to no overhead coal shipments in GWI’s Ohio Region. Minerals & stone traffic decreased 1,740 carloads primarily due to reduced rock salt shipments in GWI’s New York/Pennsylvania Region as a result of warm winter weather last year. All remaining traffic increased by a net 1,293 carloads.
The table below sets forth consolidated carloading information for the third quarter of 2012 and the third quarter of 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||3rd Qtr||3rd Qtr|
|Coal & Coke||52,990||53,553||-1.1%|
|Minerals & Stone||32,713||38,242||-14.5%|
|Pulp & Paper||27,042||24,893||8.6%|
|Farm & Food Products||22,369||30,843||-27.5%|
|Lumber & Forest Products||18,708||16,614||12.6%|
|Chemicals & Plastics||16,665||15,449||7.9%|
|Autos & Auto Parts||2,574||2,408||6.9%|
|* - Represents intermodal units|
|** - Includes carloads and intermodal units|
Excluding 2,432 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011 and 4,752 combined carloads from HAL and CCH, same-railroad traffic in the third quarter of 2012 decreased 20,591 carloads, or 8.0 percent, compared with the third quarter of 2011. The traffic decrease was principally due to decreases of 9,129 carloads of other commodity group traffic (primarily overhead coal in GWI’s Ohio Region), 8,689 carloads of farm & food products traffic (primarily grain in GWI’s Australia Region), and 6,283 carloads of minerals & stone traffic (primarily salt in GWI’s New York/Pennsylvania Region). All remaining traffic increased by a net 3,510 carloads.