(Source: Zacks.com, June 19, 2019)
NEW YORK — Genesee & Wyoming reported disappointing traffic figures for May. Traffic in the month was 264,098 carloads, reflecting a 9.9% decrease year over year. Traffic at the company’s North American operations declined 8.1% from the year-ago figure due to contraction in traffic across all the segments except agricultural products and autos & auto parts. Traffic at coal & coke, metals and pulp & paper segments was down 20.8%, 16.9% and 9.7%, respectively. Severe weather conditions hampered North American shipments.
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