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SMALL BUSINESS
Genesee & Wyoming Inc. Reports Traffic for July 2009
PR Newswire
GREENWICH, Conn., Aug. 14, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for July 2009.
GWI's traffic in July 2009 was 67,423 carloads, a decrease of 822 carloads, or 1.2 percent, compared with July 2008.
The table below sets forth carloading information for July 2009 and July 2008:
Genesee & Wyoming Inc. July % of July % of
by Commodity Group 2009 Total 2008 Total
Coal, Coke & Ores 17,270 25.6% 16,637 24.4%
Minerals & Stone 12,302 18.2% 11,903 17.4%
Pulp & Paper 8,146 12.1% 10,478 15.3%
Metals 6,559 9.7% 8,114 11.9%
Farm & Food Products 6,239 9.3% 5,503 8.1%
Lumber & Forest Products 5,541 8.2% 6,756 9.9%
Chemicals-Plastics 4,094 6.1% 4,201 6.2%
Petroleum Products 2,256 3.3% 2,207 3.2%
Autos & Auto Parts 582 0.9% 671 1.0%
Other 4,434 6.6% 1,775 2.6%
Total 67,423 100.0% 68,245 100.0%
GWI railroads acquired within the last twelve months shipped a combined 8,616 carloads in July 2009. GWI's same-railroad traffic in July 2009 decreased by 9,438 carloads, or 13.8 percent, compared with July 2008. Pulp & paper traffic decreased 2,686 carloads primarily due to lower shipments in GWI's Southern and Canada Regions. Metals traffic decreased 2,203 carloads due to lower steel shipments in GWI's New York/Ohio/Pennsylvania and Canada Regions. Coal, coke & ores traffic decreased 1,454 carloads primarily due to lower shipments in GWI's Rocky Mountain Region. All other same-railroad traffic decreased by a net 3,095 carloads.
GWI railroads acquired within the last twelve months include the Georgia Southwestern Railroad and the Ohio Central Railroad System, both of which GWI purchased on October 1, 2008
On June 15, 2009 GWI announced its intent to discontinue operations of its Huron Central Railway (HCRY) in October 2009. Traffic volume from HCRY is included in this press release. In July 2009 HCRY shipped 824 total carloads, compared to 1,308 in July 2008.
Historically, GWI 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.
GWI owns and operates short line and regional freight railroads in the United States, Canada, Australia and the Netherlands and owns a minority interest in a railroad in Bolivia. Operations currently include 63 railroads organized in nine regions, with more than 6,800 miles of owned and leased track and approximately 3,000 additional miles under track access arrangements. GWI provides rail service at 16 ports in North America and Europe and performs contract coal loading and railcar switching for industrial customers.
CONTACT:
Matthew O. Walsh
Senior Vice President - Corporate Development and Treasurer
Genesee & Wyoming Inc.
1-203-629-3722
Web Site: http://www.gwrr.com
SOURCE Genesee & Wyoming Inc.
2009-08-14 06:30:00
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