AusRAIL, Market Sectors

Grain traffic boosts ARG figures

<p>An improved grain season has bolstered the Australian Railroad Group’s (ARG) freight wagon figures for October, according to one of the rail operator’s parent companies, Genesee &#38 Wyoming Incorporated (GWI).</p> <p>ARG recorded a 10,404 wagonload increase for October 2004 compared to the same month last year.</p> <p>This was largely due to a 21,498 figure for grain wagonloads during the month, an increase of 10,481 over the drought affected October 2003.</p> <p>The firm also recorded an increase in other wagonload groups including iron ores and bauxite.</p> <p>However, ARG recorded a significant drop in the hook and pull traffic which dropped from 2,924 wagonloads in October 2003 to 318 this month.</p> <p>GWI said the higher hook and pull figure for 2003 was due to "certain short-term shipments".</p> <br />