Wednesday, February 11, 2009

Acquisitions boost Genesee & Wyoming January traffic

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Genesee & Wyoming Inc. Tuesday said its January traffic was up 12.2% compared with the comparable month of2008. The increase was attributable in large measure to GWI's rail acquisitions made during 2008, including CAGY Industries, Inc., the Georgia Southwestern Railroad, and the Ohio Central Railroad System.

Minus those acquisitions, GWI'ssame-railroad traffic in January 2009 fell 9.4% compared with the year-ago period. The company said the decline was largely due to falloff in pulp & paper, metals, and lumber & forest products traffic.