Thursday, December 12, 2013

More Good Economic News? Genesee & Wyoming Traffic Doubles Year-Over-Year; Ford To Open Three New Manufacturing Plants In 2014 -- Will Launch The Most Vehicles Globally In A Single Year Than In More Than A Century

Genesee & Wyoming reports traffic for November 2013: carloads increased 102.9% to 152,308: Co's traffic in November 2013 was 152,308 carloads, an increase of 77,260 carloads, or 102.9%, compared to G&W's traffic in November 2012, and an increase of 7,826 carloads, or 5.4%, compared to total November 2012 carloads pro forma for the RA acquisition. G&W's traffic in the fourth quarter of 2013 through November was 316,137 carloads, an increase of 160,848 carloads, or 103.6%, compared to G&W's traffic in the fourth quarter of 2012 through November, and an increase 17,537 carloads, or 5.9%, compared to total fourth quarter of 2012 through November carloads pro forma for the RA acquisition.

Ford Motor to drive growth in 2014 with additional jobs, three new worldwide plants, and 23 global product launches: Co next year will launch 23 new vehicles to customers around the world, open three more manufacturing facilities and add more than 5,000 new jobs in the United States to meet growing demand for its products. Other points of note:
  • Ford in 2014 will launch the most vehicles globally in a single year than in more than a century 
  • To support its aggressive growth strategy, Ford is set to open two manufacturing facilities in Asia Pacific and one in South America

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