Genesee & Wyoming Inc. Reports Traffic for October 2009
November 12 2009 - 4:38PM
PR Newswire (US)
GREENWICH, Conn., Nov. 12, 2009 /PRNewswire-FirstCall/ -- Genesee
& Wyoming Inc. (GWI) (NYSE:GWR) today reported traffic volumes
for October 2009. GWI's traffic in October 2009 was 62,577
carloads, a decrease of 17,786 carloads, or 22.1 percent, compared
with October 2008. The table below sets forth carloading
information for October 2009 and October 2008: Genesee &
Wyoming Inc. October % of October % of by Commodity Group 2009
Total 2008 Total Coal, Coke & Ores 14,525 23.2% 21,151 26.3%
Minerals & Stone 12,387 19.8% 14,728 18.3% Pulp & Paper
6,817 10.9% 9,933 12.4% Metals 5,595 8.9% 6,928 8.6% Lumber &
Forest Products 5,344 8.5% 6,943 8.7% Farm & Food Products
4,794 7.7% 5,413 6.7% Chemicals-Plastics 4,122 6.6% 4,527 5.6%
Petroleum Products 2,172 3.5% 2,301 2.9% Autos & Auto Parts 828
1.3% 882 1.1% Other 5,993 9.6% 7,557 9.4% Total 62,577 100.0%
80,363 100.0% Coal, coke & ores traffic decreased 6,626
carloads primarily due to lower shipments in GWI's New
York/Ohio/Pennsylvania Region and in GWI's Illinois Region, where
an expected maintenance outage at a power generation facility
reduced traffic volume. Pulp & paper traffic decreased 3,116
carloads primarily due to lower shipments in GWI's Southern, Canada
and Rail Link Regions. Minerals & stone traffic decreased 2,341
carloads primarily due to lower shipments in GWI's Australia and
Rail Link Regions. All other railroad traffic decreased by a net
5,703 carloads. On June 15, 2009 GWI announced its intent to
discontinue operations of its Huron Central Railway (HCRY) in the
fourth quarter of 2009. GWI now operates HCRY under a temporary
service contract through August 14, 2010. Starting in August 2009
HCRY carloads are no longer included in this press release due to
the structure of this temporary contract. To facilitate comparison
to the prior year, GWI has excluded 1,165 total HCRY carloads from
October 2008 in this press release. However, carloads reported in
GWI's Form 10-K will include HCRY traffic for all of 2008.
Historically, GWI has found that carload information may be
indicative of freight revenues on its railroads, but may not be
indicative of total revenues, operating expenses, operating income
or net income. GWI owns and operates short line and regional
freight railroads in the United States, Canada, Australia and the
Netherlands. Operations currently include 62 railroads organized in
nine regions, with more than 6,000 miles of owned and leased track
and approximately 3,000 additional miles under track access
arrangements. GWI provides rail service at 16 ports in North
America and Europe and performs contract coal loading and railcar
switching for industrial customers. CONTACT: Matthew O. Walsh
Senior Vice President - Corporate Development and Treasurer Genesee
& Wyoming Inc. 1-203-629-3722 Web Site: http://www.gwrr.com/
DATASOURCE: Genesee & Wyoming Inc. CONTACT: Matthew O. Walsh,
Senior Vice President - Corporate Development and Treasurer,
Genesee & Wyoming Inc., +1-203-629-3722 Web Site:
http://www.gwrr.com/
Copyright