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Rail News: Rail Industry Trends

Genesee & Wyoming's carloads fall in '07's final month, quarter


Genesee & Wyoming Inc.'s (GWI) 48 railroads didn't have a stellar December or banner fourth quarter traffic-wise.

Today, the holding company — which owns and operates regionals and short lines in the United States, Canada and Australia — reported traffic from continuing operations in December totaled 61,808 carloads, a 3.7 percent decrease compared with December 2006's total. Soft pulp and paper traffic, especially in GWI's Canada region, offset carload gains in other commodity groups. Excluding haulage traffic, which remained down, carloads rose 2.3 percent on the strength of coal, coke and shipments.

In the fourth quarter, GWI's traffic fell 5.6 percent year over year to 191,859 carloads. Strong coal, coke and ores, and minerals and stone traffic partially offset declining farm and food products carloads in Australia. Excluding haulage traffic, quarterly carloads inched up 0.1 percent compared with fourth-quarter 2006's total.

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More News from 1/14/2008