Genesee & Wyoming Reports Traffic for April 2018 DARIEN, Conn.
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes
for April 2018.
G&W’s traffic in April 2018 was 270,101 carloads, an increase of 9,661
carloads, or 3.7%, compared with April 2017. G&W’s same-railroad traffic
in April 2018 was 269,583 carloads, an increase of 9,143 carloads, or
3.5%, compared with April 2017.
The table below sets forth summary total carloads by segment.
Segment
|
|
|
|
April
2018
|
|
|
April
2017
|
|
|
Change
|
|
|
%
Change
|
|
North American Operations
|
|
|
|
135,938
|
|
|
129,087
|
|
|
6,851
|
|
|
5.3%
|
|
Australian Operations(1)
|
|
|
|
48,229
|
|
|
49,521
|
|
|
(1,292)
|
|
|
(2.6%)
|
|
U.K./European Operations
|
|
|
|
85,934
|
|
|
81,832
|
|
|
4,102
|
|
|
5.0%
|
|
Total G&W Operations
|
|
|
|
270,101
|
|
|
260,440
|
|
|
9,661
|
|
|
3.7%
|
|
Carloads from New Railroads
|
|
|
|
518
|
|
|
|
|
|
|
|
|
|
|
Same-railroad carloads
|
|
|
|
269,583
|
|
|
260,440
|
|
|
9,143
|
|
|
3.5%
|
|
(1) 51.1% owned by G&W.
|
|
|
|
Highlights by Segment
-
North American Operations: Traffic in April 2018 was 135,938 carloads,
an increase of 5.3% compared with April 2017, including carloads from
the Heart of Georgia Railroad, Inc. (HOG), which was acquired on May
31, 2017. On a same-railroad basis, North American traffic increased
4.9%, primarily due to increased coal & coke and minerals & stone
traffic.
-
Australian Operations: Traffic in April 2018 was 48,229 carloads, a
decrease of 2.6% compared with April 2017, primarily due to decreased
metallic ores and coal & coke traffic. Carload information for G&W’s
51.1% owned Australian Operations is presented on a 100% basis.
-
U.K./European Operations: Traffic in April 2018 was 85,934 carloads,
an increase of 5.0% compared with April 2017, primarily due to
increased minerals & stone traffic in the U.K. and Poland.
The table below sets forth North American Operations carload information
by commodity group.
North American Operations:
|
|
|
|
April 2018
|
|
|
April 2017
|
|
|
Change
|
|
|
% Change
|
|
Agricultural Products
|
|
|
|
17,054
|
|
|
17,385
|
|
|
(331)
|
|
|
(1.9%)
|
|
Autos & Auto Parts
|
|
|
|
3,082
|
|
|
3,123
|
|
|
(41)
|
|
|
(1.3%)
|
|
Chemicals & Plastics
|
|
|
|
14,289
|
|
|
14,922
|
|
|
(633)
|
|
|
(4.2%)
|
|
Coal & Coke
|
|
|
|
19,029
|
|
|
16,362
|
|
|
2,667
|
|
|
16.3%
|
|
Food & Kindred Products
|
|
|
|
4,881
|
|
|
4,854
|
|
|
27
|
|
|
0.6%
|
|
Intermodal
|
|
|
|
1,366
|
|
|
695
|
|
|
671
|
|
|
96.5%
|
|
Lumber & Forest Products
|
|
|
|
12,274
|
|
|
11,816
|
|
|
458
|
|
|
3.9%
|
|
Metallic Ores
|
|
|
|
1,418
|
|
|
1,370
|
|
|
48
|
|
|
3.5%
|
|
Metals
|
|
|
|
12,517
|
|
|
11,371
|
|
|
1,146
|
|
|
10.1%
|
|
Minerals & Stone
|
|
|
|
19,051
|
|
|
16,852
|
|
|
2,199
|
|
|
13.0%
|
|
Petroleum Products
|
|
|
|
7,563
|
|
|
7,543
|
|
|
20
|
|
|
0.3%
|
|
Pulp & Paper
|
|
|
|
13,079
|
|
|
12,808
|
|
|
271
|
|
|
2.1%
|
|
Waste
|
|
|
|
4,445
|
|
|
4,138
|
|
|
307
|
|
|
7.4%
|
|
Other
|
|
|
|
5,890
|
|
|
5,848
|
|
|
42
|
|
|
0.7%
|
|
Total carloads
|
|
|
|
135,938
|
|
|
129,087
|
|
|
6,851
|
|
|
5.3%
|
|
Carloads from New Railroads(1)
|
|
|
|
518
|
|
|
|
|
|
|
|
|
|
|
Same-railroad carloads
|
|
|
|
135,420
|
|
|
129,087
|
|
|
6,333
|
|
|
4.9%
|
|
(1) Total carloads from HOG, which contributed 303 carloads
of lumber & forest products traffic and 215 carloads from all
other commodities.
|
|
The following highlights relate to North American same-railroad traffic,
excluding traffic from HOG, which was acquired on May 31, 2017.
-
Coal & coke traffic increased 2,667 carloads, or 16.3%, primarily due
to increased shipments in G&W’s Central Region, partially offset by
decreased shipments in G&W’s Midwest Region.
-
Minerals & stone traffic increased 2,194 carloads, or 13.0%, primarily
due to increased shipments of construction aggregates and frac sand in
G&W’s Northeast Region and construction aggregates in G&W’s Coastal
Region.
-
All remaining traffic increased by a net 1,472 carloads.
The table below sets forth carload information for G&W’s 51.1% owned
Australian Operations by commodity group.
Australian Operations(1):
|
|
|
|
April
2018
|
|
|
April
2017
|
|
|
Change
|
|
|
%
Change
|
Agricultural Products
|
|
|
|
5,060
|
|
|
4,823
|
|
|
237
|
|
|
4.9%
|
Coal & Coke
|
|
|
|
31,376
|
|
|
32,015
|
|
|
(639)
|
|
|
(2.0%)
|
Intermodal
|
|
|
|
4,266
|
|
|
4,535
|
|
|
(269)
|
|
|
(5.9%)
|
Metallic Ores
|
|
|
|
1,886
|
|
|
2,658
|
|
|
(772)
|
|
|
(29.0%)
|
Minerals & Stone
|
|
|
|
5,618
|
|
|
5,472
|
|
|
146
|
|
|
2.7%
|
Petroleum Products
|
|
|
|
23
|
|
|
18
|
|
|
5
|
|
|
27.8%
|
Total carloads
|
|
|
|
48,229
|
|
|
49,521
|
|
|
(1,292)
|
|
|
(2.6%)
|
(1) 51.1% owned by G&W.
|
|
-
Metallic ores traffic decreased 772 carloads, or 29.0%, primarily due
to the planned, temporary shutdown of an iron ore mine in October 2017.
-
Coal & coke traffic decreased 639 carloads, or 2.0%.
-
All remaining traffic increased by a net 119 carloads.
The table below sets forth U.K./European Operations carload information
by commodity group.
U.K./European Operations:
|
|
|
|
April
2018
|
|
|
April
2017
|
|
|
Change
|
|
|
%
Change
|
Agricultural Products
|
|
|
|
146
|
|
|
313
|
|
|
(167)
|
|
|
(53.4%)
|
Coal & Coke
|
|
|
|
1,251
|
|
|
1,924
|
|
|
(673)
|
|
|
(35.0%)
|
Intermodal
|
|
|
|
68,210
|
|
|
66,465
|
|
|
1,745
|
|
|
2.6%
|
Minerals & Stone
|
|
|
|
16,327
|
|
|
13,130
|
|
|
3,197
|
|
|
24.3%
|
Total carloads
|
|
|
|
85,934
|
|
|
81,832
|
|
|
4,102
|
|
|
5.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Minerals & stone traffic increased 3,197 carloads, or 24.3%, primarily
due to increased shipments in the U.K. and Poland.
-
All remaining traffic increased by a net 905 carloads.
Other
The term carload represents physical railcars and estimated railcar
equivalents of commodities for which G&W is paid on a metric ton or
other measure to move freight, as well as intermodal units.
Historically, G&W has found that traffic information may be indicative
of freight revenues on its railroads. Freight revenues are revenues for
which G&W is paid on a per car, per container or per metric ton basis to
move freight. Activities such as railcar switching, port terminal
shunting, traction services and other similar freight-related services
are excluded from our traffic information as the resulting revenues are
not classified as freight revenue. Traffic information may not be
indicative of total operating revenues, operating expenses, operating
income or net income. Please refer to the documents G&W files from time
to time with the Securities and Exchange Commission, such as its Form
10-Q and 10-K, which contain additional information on G&W’s freight
traffic and segment reporting.
About G&W
G&W owns or leases 122 freight railroads organized in nine locally
managed operating regions with 8,000 employees serving 3,000 customers.
-
G&W’s seven North American regions serve 41 U.S. states and four
Canadian provinces and include 115 short line and regional freight
railroads with more than 13,000 track-miles.
-
G&W’s Australia Region serves New South Wales, the Northern Territory
and South Australia and operates the 1,400-mile Tarcoola-to-Darwin
rail line. The Australia Region is 51.1% owned by G&W and 48.9% owned
by a consortium of funds and clients managed by Macquarie
Infrastructure and Real Assets.
-
G&W’s UK/Europe Region includes the U.K.’s largest rail maritime
intermodal operator and second-largest freight rail provider, as well
as regional rail services in Continental Europe.
G&W subsidiaries and joint ventures also provide rail service at more
than 40 major ports, rail-ferry service between the U.S. Southeast
and Mexico, transload services, contract coal loading, and industrial
railcar switching and repair.
For more information, visit gwrr.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180514005284/en/ Copyright Business Wire 2018
Source: Business Wire
(May 14, 2018 - 6:30 AM EDT)
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