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Railroad company Genesee and Wyoming said it continued to see depressed shipping volumes as November traffic fell 12 percent, Dow Jones reported.
Total traffic in November was 62,977 carloads, down from 71,499 carloads a year earlier. November's results lowered the quarter-to-date's decline to 17 percent.
Genesee and Wyoming, which owns and runs short-line and regional freight railroads that transport various commodities, has been hurt like others by a weak freight market as industrial production declined during the recession.
Traffic in the company's biggest commodity group - coal, coke and ores - dropped 9.4 percent in November amid lower shipments while Pulp-and-paper traffic slid 23 percent as shipments dropped in the New York/Ohio/Pennsylvania and Illinois regions.
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