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Rail News: Rail Industry Trends
4/14/2011
Rail News: Rail Industry Trends
Genesee & Wyoming, RailAmerica registered carload gains in March
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Last month, Genesee & Wyoming Inc.’s (GWI) subsidiary railroads handled 89,134 carloads, up 16.6 percent compared with March 2010 traffic. Excluding 6,835 carloads from the FreightLink, which GWI acquired in December, same-railroad traffic rose 7.7 percent.
The holding company — which owns 63 regionals and short lines in the United States, Canada, Australia and the Netherlands — attributes the gain to a 1,471-unit increase in coal and coke traffic, primarily in the Illinois Region, and 943-unit rise in pulp and paper traffic, mainly in the Southern Region. In addition, metallic ore carloads skyrocketed 214.2 percent to 2,762 units, petroleum product carloads jumped 18 percent to 2,584 units and chemical/plastic carloads rose 13.8 percent to 5,182 units.
In the first quarter, GWI’s railroads handled 244,556 carloads, up 18.5 percent compared with first-quarter 2010 traffic. Excluding 17,146 carloads from the FreightLink, same-railroad traffic rose 10.2 percent.
Meanwhile, RailAmerica Inc. reported March carloads totaling 76,732 units, up 0.9 percent compared with March 2010 traffic. Seven of 12 commodity groups registered gains, according to the company, which owns 40 U.S. and Canadian small railroads.
“Much of the increase was due to [higher] shipments of non-metallic minerals and products, and waste and scrap materials,” said RailAmerica officials in a prepared statement. “Non-metallic minerals and products increased primarily due to shipments in the Northeast, Central and Midwest regions, [while] waste and scrap materials volumes were up primarily in the Southeast and West regions.”
The holding company — which owns 63 regionals and short lines in the United States, Canada, Australia and the Netherlands — attributes the gain to a 1,471-unit increase in coal and coke traffic, primarily in the Illinois Region, and 943-unit rise in pulp and paper traffic, mainly in the Southern Region. In addition, metallic ore carloads skyrocketed 214.2 percent to 2,762 units, petroleum product carloads jumped 18 percent to 2,584 units and chemical/plastic carloads rose 13.8 percent to 5,182 units.
In the first quarter, GWI’s railroads handled 244,556 carloads, up 18.5 percent compared with first-quarter 2010 traffic. Excluding 17,146 carloads from the FreightLink, same-railroad traffic rose 10.2 percent.
Meanwhile, RailAmerica Inc. reported March carloads totaling 76,732 units, up 0.9 percent compared with March 2010 traffic. Seven of 12 commodity groups registered gains, according to the company, which owns 40 U.S. and Canadian small railroads.
“Much of the increase was due to [higher] shipments of non-metallic minerals and products, and waste and scrap materials,” said RailAmerica officials in a prepared statement. “Non-metallic minerals and products increased primarily due to shipments in the Northeast, Central and Midwest regions, [while] waste and scrap materials volumes were up primarily in the Southeast and West regions.”
