Genesee & Wyoming Reports Higher Carloads for Q2 and June
Genesee & Wyoming saw several of its key traffic metrics rise on a year-over-year basis in both its Q2 and for June. In the quarter, its total carloads came in at 480,979, an improvement of almost 8% over Q2 2012's figure of 446,683. In terms of goods categories, the highest growth was recorded in petroleum products, which saw a 61% year-over-year increase to 28,290. Other double-digit increases were posted by metallic ores (28%), automobiles and automobile parts (24.9%), and coal and coke (10.8%).
For June, total carloads amounted to 155,757, a rise of nearly 6% from June 2012's 147,375. As with the quarterly figures, star performers included petroleum products (up 38.8% on a year-over-year basis), metallic ores (27%), and automobiles and automobile parts (24.4%).
The article Genesee & Wyoming Reports Higher Carloads for Q2 and June originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Genesee & Wyoming. The Motley Fool recommends Genesee & Wyoming. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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