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Rail News: Rail Industry Trends
3/10/2010
Rail News: Rail Industry Trends
Genesee & Wyoming's carloads fall in February
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Yesterday, Genesee & Wyoming Inc. (GWI) reported February carloads totaling 63,583 units, down 9 percent compared with February 2009 traffic.
The short-line holding company attributes the decline to reduced coal, coke and ores traffic, primarily in the Rocky Mountain and New York/Ohio/Pennsylvania regions; and fewer farm and food products carloads, primarily shipments of export grain in the Canada Region.
Through 2010’s first two months, GWI registered 127,445 carloads, down 9.4 percent compared with the total in the same 2009 period. The primary reasons: reduced coal, coke and ores, farm and food products, and pulp and paper traffic.
GWI owns and operates 62 regionals and short lines in the United States, Canada, Australia and the Netherlands.
The short-line holding company attributes the decline to reduced coal, coke and ores traffic, primarily in the Rocky Mountain and New York/Ohio/Pennsylvania regions; and fewer farm and food products carloads, primarily shipments of export grain in the Canada Region.
Through 2010’s first two months, GWI registered 127,445 carloads, down 9.4 percent compared with the total in the same 2009 period. The primary reasons: reduced coal, coke and ores, farm and food products, and pulp and paper traffic.
GWI owns and operates 62 regionals and short lines in the United States, Canada, Australia and the Netherlands.