Tuesday, September 11, 2012

GWI August traffic down from 2011

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Greenwich, Conn.-based Genesee & Wyoming Inc. Monday said its August traffic volume fell 4.5% measured against the same month a year ago, with third-quarter 2012 traffic to date down 5.2%.

Excluding 2,932 carloads from GWI railroads acquired within the last 12 months, same-railroad traffic in August 2012 decreased 8.7% compared with August 2011, the company said.

Farm & food products traffic decreased 3,318 carloads primarily due to reduced shipments in GWI's Australia and Illinois Regions. The shipment decline in the Australia Region was primarily due to an accelerated shipping schedule earlier in 2012, as well as a mechanical failure at an export grain terminal in Adelaide, South Australia. The farm & food products shipment decline in the Illinois Region was primarily due to elevated traffic in 2011 associated with carloads diverted around flooding in the Midwest.

GWI said its other commodity group traffic decreased primarily due to no overhead coal shipments in GWI's Ohio Region.