Genesee & Wyoming's North American railroads hauled 30,767 coal and coke carloads in March, up 26.2% from the year-ago month, the company said Friday.
The Darien, Connecticut-based company attributed the increase to higher demand in its Midwest and Ohio Valley business segments. G&W owns and operates 99 short line and regional railroads in the US and Canada, as well as several overseas railroads.
For the quarter ended March 31, the company hauled 86,303 coal and coke carloads in North America, up 14.2% from the year-ago quarter.
The company, which is the largest short line and regional railroad holding company in the US, is currently in the process of acquiring a portion of Canadian Pacific's Dakota, Minnesota and Eastern line in South Dakota.
The sale does not include the portion of the DM&E line that has been approved for construction into the Powder River Basin.
