UPDATE 1-Genesee & Wyoming April carloads jump 16 pct

* April traffic at 72,023 carloads

* Biggest monthly increase in more than a year

* Coal, coke and ores carloads up 11 pct

May 13 (BestGrowthStock) – Short-line railroad operator Genesee &
Wyoming Inc (GWR.N: ) said carloads for April jumped 16 percent,
its highest rise in more than a year.

Genesee’s traffic in April was 72,023 carloads, an increase
of 9,979 carloads from a year ago.

Genesee saw an increase in carloads for the first time in
12 months in March, when carloads were up about 7 percent.

Before that, traffic had been on the decline due to a weak
freight environment.

Coal, coke and ores — which account for nearly a quarter
of Genesee’s total traffic — increased 11 percent in April to
15,715 carloads, primarily due to increased coal shipments in
New York, Ohio and Pennsylvania.

On Wednesday, railroad operator RailAmerica (RA.N: ) said
total freight carloads for April were up 10.7 percent.
[ID:nWNAB9933]

Shares of Genesee closed at $39.50 Wednesday on the New
York Stock Exchange.

Stock Market Research Tools

(Reporting by A.Ananthalakshmi in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-Genesee & Wyoming April carloads jump 16 pct