July 14, 2010 / 11:04 AM / 7 years ago

UPDATE 1-Genesee & Wyoming Q2 carloads rise 17 percent

* Q2 traffic 217,029 carloads

* June carloads up 15 pct

July 14 (Reuters) - Short-line railroad operator Genesee & Wyoming Inc’s (GWR.N) quarterly carloads rose for the first time in a year, helped by a rise in metals, farm and food products traffic.

    Traffic in the second quarter rose 17 percent to 217,029 carloads, an increase of 31,248 carloads from a year ago.

    Metals traffic rose to 24,836 carloads, up 10,220 from a year ago.

    Carloads in June were up 15 percent, as metals traffic grew 3,200 carloads due to a rise in steel shipments in the company’s New York, Ohio, Pennsylvania and southern regions.

    Shares of the company closed at $38.51 Tuesday on the New York Stock Exchange. (Reporting by Amulya Nagaraj in Bangalore; Editing by Aradhana Aravindan)

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