GREENWICH, Conn. — Genesee & Wyoming Inc. (GWI) today reported December 2001 traffic volumes for its North American and 50%-owned Australian operations.
North American carloads in December 2001 were 32,034, an increase of 1,745 carloads, or 5.8%, from December 2000. North American carloads for the fourth quarter of 2001 were 104,168, an increase of 11,253 carloads, or 12.1%, from the fourth quarter of 2000.
Australian carloads in December 2001 were 80,453 compared with 23,261 carloads in December 2000. For the fourth quarter of 2001, Australian carloads were 219,191 compared with 66,028 carloads in the fourth quarter of 2000. Australia’s 2000 carloads include traffic on the Australia Southern Railroad (ASR) only, while Australia’s 2001 carloads are the results of the Australian Railroad Group (ARG), which is composed of ASR and the Australia Western Railroad (AWR) — formerly known as Westrail Freight. As of December 16, 2000, GWI contributed ASR to ARG and now owns 50% of ARG. GWI reports its ownership of ARG using the equity method of accounting.