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4/17/2006



Rail News: Rail Industry Trends

Genesee & Wyoming's first-quarter carloads show gains in North America, losses in Australia



In March, Genesee & Wyoming Inc.’s (GWI) North American subsidiaries moved 72,180 carloads, a 22.8 percent increase compared with March 2005.

On a “same railroad” basis — excluding carloads from First Coast Railroad and former Rail Management Corp. short lines, which GWI began operating in second-quarter 2005 — carloads decreased 0.8 percent. Although coal coke and ore traffic increased, lumber and forest product carloads decreased in the United States and Canada, and Mexican traffic continued to be impacted by Hurricane Stan’s aftereffects.

During the first quarter, GWI’s North American subsidiaries moved 208,774 carloads, a 26.7 percent increase compared with first-quarter 2005. Same railroad carloads rose 2.6 percent. A boost in coal coke and ore, and metals traffic helped drive the carload gains.

In Australia, GWI’s half-owned subsidiary logged March carloads totaling 79,515, a 3.4 percent decrease compared with March 2005. The subsidiary’s first-quarter carloads totaled 236,724, a 0.5 percent decline compared with the same 2005 period. The traffic decreases primarily were caused by a drop in iron ore and grain carloads.


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