Genesee & Wyoming (GWR) Tops Q1 EPS by 2c; Comps Rose 2.8%
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Genesee & Wyoming Reports Results for the First Quarter of 2015
May 1, 2015 6:00 AM EDTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)
First Quarter Highlights
Completed the acquisition of London-based Freightliner Group Limited (Freightliner) on March 25, 2015. Total operating revenues increased 5.5% to $397.0 million from $376.3 million, including $15.1 million of revenues from Freightliner for the last five days in March and $21.9 million of revenues from Rapid City, Pierre & Eastern Railroad, Inc. (RCP&E) and Pinsly Arkansas. Same railroad revenue, excluding the $13.4 million impact of foreign currency depreciation, declined 0.8%, primarily due to weakness in iron ore, utility coal and... More