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.