Genesee & Wyoming reported disappointing traffic figures for November. Following this, shares of the company declined more than 3% at the close of business on Dec 14.

Traffic in the month was 259,900 carloads, reflecting a 4.4% decrease year over year. The railroad’s same railroad traffic (excluding carloads from the Continental European intermodal business sold in June 2018) slid 0.2%.

Segmental Traffic

Traffic at the company’s North American operations rose 2.3% from the year-ago figure owing to a substantial increase in traffic across several of its segments. Traffic at the intermodal segments rose a whopping 67.5% while the same jumped 20.3% at the petroleum products segment. Segments like agricultural products, autos & auto parts, chemicals and plastics as well as minerals and stone have suffered a fall in traffic statistics.

Australian operations (owned 51.1% by the company) traffic deteriorated 6.9% due to lower traffic across most of its units. The only outlier was the metallic ores group, reporting a 21.7% year-over-year increase in traffic.

Total traffic at U.K./European operations contracted 12.2% from the last November-level, mainly due to decrease in traffic across most of its segments.

Genesee & Wyoming, Inc. Price

 

Genesee & Wyoming, Inc. Price | Genesee & Wyoming, Inc. Quote

Zacks Rank & Key Picks

Genesee & Wyoming carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are CSX Corporation (CSX Quick QuoteCSX - Free Report) , Norfolk Southern Corporation (NSC Quick QuoteNSC - Free Report) and Spirit Airlines (SAVE Quick QuoteSAVE - Free Report) . While Spirit flaunts a Zacks Rank #1 (Strong Buy), CSX and Norfolk Southern carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of CSX, Spirit and Norfolk Southern have gained more than 22%, 31% and 5%, respectively, in a year.

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