Stock Market Watch

Genesee & Wyoming – GWR – Traffic for March 2012 and the First Quarter of 2012

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Genesee & Wyoming Inc. (NYSE: GWR) reported traffic volumes for March 2012 and the first quarter of 2012.

GWR’s traffic in March 2012 was 77,046 carloads, a decrease of 12,088 carloads, or 13.6 percent, compared with March 2011. GWR’s traffic in the first quarter of 2012 was 222,178 carloads, a decrease of 22,378 carloads, or 9.2 percent, compared to the first quarter of 2011.

Excluding 1,310 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011, and 250 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, same-railroad traffic in March 2012 decreased 13,648 carloads, or 15.3 percent, compared with March 2011. Coal & coke traffic decreased 8,462 carloads primarily due to lower shipments in GWI’s Illinois, New York/Pennsylvania and Ohio Regions. GWI’s other commodity group traffic decreased 3,905 carloads primarily due to lower overhead coal shipments in GWI’s Ohio Region. Minerals & stone traffic decreased 1,252 carloads primarily due to lower shipments in GWR’s Australia and New York/Pennsylvania Regions. All remaining traffic decreased by a net 29 carloads.


Carload Reporting for Metallic Ores Traffic

Effective January 1, 2012, a portion of GWI’s metallic ores commodity group includes intermodal containers as a result of a change in rail logistics and equipment for a customer in GWI’s Australia Region. The impact of this change increased traffic by 532 carloads in March 2012 and 1,264 carloads in the first quarter of 2012.

Historically, GWR 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. Car movements related to railcar switching, including activities at port terminals, are excluded from our carload information as the resulting revenues are classified as non-freight.

GWR owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. In addition, we operate the Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 65 railroads organized in 10 regions, with more than 7,600 miles of owned and leased track and approximately 1,400 additional miles under track access arrangements. We provide rail service at 17 ports in North America and Europe and perform contract coal loading and railcar switching for industrial customers.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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