Sector Update: Consumer
Consumer shares are flat to higher in pre-bell trading.
In consumer stocks news, American Railcar Industries, Inc. ( ARII ) said its President and Chief Executive Officer James Cowan has quit to pursue other interests after almost eight years with the maker of hopper and tank railcars. ARII is flat at $41.61 in pre-market trade.
He will be replaced on an interim basis by Jeffrey S. Hollister, who has been with the company since 2005, most recently overseeing the railcar manufacturing group.
And, Genesee & Wyoming Inc. ( GWR ) today reports traffic in September 2013 was 155,650 carloads, an increase of 76,411 carloads, or 96.4%, compared to G&W's traffic in September 2012, and an increase of 10,875 carloads, or 7.5%, compared to total September 2012 carloads pro forma for the RA acquisition. GWR is flat at $93.86 in pre-market trade.
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