Monday, July 16, 2012

GWI releases 2Q freight traffic report

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Greenwich, Conn.-based Genesee & Wyoming, Inc. Monday released its freight traffic results for the second quarter, noting total freight carload traffic fell 6.9% compared with the second quarter of 2011.

Coal and Coke took a significant hit, down 16.5% compared with one year ago, in line with other rail carriers (including Class I railroads) so far this year. Farm & Food Products also decline substantially, down 12.4%.

GWI's biggest gainer among commodity groups was Metallic Ores, up 40.2% over one year ago. The company noted, "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 460 carloads in June 2012 and 1,715 carloads in the second quarter of 2012.