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Genesee & Wyoming Inc. Message Board

  • unclelarry66 unclelarry66 Jun 13, 2011 11:40 AM Flag

    Dow Jones Newswire

    DOW JONES NEWSWIRES

    Genesee & Wyoming Inc.'s May traffic rose 13%, marking the railroad operator's fifteenth straight month of year-over-year gains.

    Genesee, which operates short-line and regional freight railroads in the U.S., Canada, Australia and the Netherlands, said shipments of coal and coke--its largest category by volume--fell 2.6%.

    Metallic ores volume more than quadrupled, while pulp and paper traffic rose 10%. The company's carloads of chemicals and plastics were up 15.7%. Farm and food products increased 11.8%.

    Beyond the decrease in coal and coke volume, a number of categories saw declines, including metals--down 17.3%--and autos and auto parts--off 10.9%.

    In April, Genesee & Wyoming reported a 39% rise in profit due to increased traffic, though profit fell short of company estimates because of weather- related cancellations.
    ________
    Chemicals produces far more revenue per ton-mile than coal or ores. Australian operations are up 67% for the month.

 
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