Genesee & Wyoming rail traffic up 27 percent in January

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DARIEN, Conn. — Genesee & Wyoming railroads handled 27 percent more rail traffic in January 2017 than the same month last year, an increase attributable to new railroad and business purchases. In January, G&W railroads handled more than 138,500 railcars, an increase of 11 percent from January 2016’s filing of slightly more than 124,400 railcars.

The uptick in traffic is partially due to the railroad’s purchase of the Providence & Worcester Railroad. The deal closed on Nov. 1. G&W also reported an increase in traffic on other railroads due to increased shipments of coal, coke, agricultural products and minerals and stone traffic.

The railroad’s Australian and European operations also performed well last month. Australian rail traffic was up more than 14 percent while European traffic noted an increase in traffic of around 11 percent.

In January, the railroad’s best performing commodity was coal and coke. G&W railroads handled more than 22,400 carloads of coal in January 2017, compared to slightly less than 18,400 carloads in January 2016.

NEWSWIRETrains News Wire

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