Last month, Genesee & Wyoming’s consolidated carloads increased by 7.3 percent, year over year, to 157,700, with the company’s North American activity increasing by 6.4 percent.
Analysts at BB&T Capital Markets have anticipated a second-quarter carload result of around 472,000, an estimate which they now consider to be on the conservative side.
G&W’s best cargo during April came in the form of petroleum products, which shot up 69.9 percent, year over year; metallic ores, which were up 29.5 percent; and lumber and forest product, which rose 17.7 percent.
Coal performed near the bottom of the heap due to flooding in the Midwest, but the company expects to make back the 3.4-percent decline in the coming months. Waste transportation was down by 5.1 percent, and agricultural products declined by 8 percent. – Jon Ross
Carloads up 7% for Genesee & Wyoming in April
