Genesee & Wyoming Reports Traffic for August 2018 DARIEN, Conn.
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes
for August 2018.
G&W’s total traffic in August 2018 was 296,442 carloads, an increase of
18,970 carloads, or 6.8%, compared with August 2017. G&W’s same railroad
traffic in August 2018 increased 29,674 carloads, or 11.1%, compared
with G&W’s traffic in August 2017, excluding carloads from G&W’s former
Continental European intermodal business (ERS), which was sold in June
2018.
G&W’s traffic in the third quarter of 2018 through August was 581,196
carloads, an increase of 26,584 carloads, or 4.8%, compared with the
third quarter of 2017 through August. G&W’s same railroad traffic in the
third quarter of 2018 increased 47,737 carloads, or 8.9%, compared with
the third quarter of 2017 through August, excluding carloads from G&W’s
former Continental European intermodal business (ERS).
The table below sets forth summary total carloads by segment.
|
Segment
|
|
|
|
Aug 2018
|
|
|
Aug 2017
|
|
|
Change
|
|
|
% Change
|
North American Operations
|
|
|
|
157,699
|
|
|
141,221
|
|
|
16,478
|
|
|
11.7%
|
Australian Operations(1)
|
|
|
|
54,528
|
|
|
39,771
|
|
|
14,757
|
|
|
37.1%
|
U.K./European Operations
|
|
|
|
84,215
|
|
|
96,480
|
|
|
(12,265)
|
|
|
(12.7%)
|
Total G&W Operations
|
|
|
|
296,442
|
|
|
277,472
|
|
|
18,970
|
|
|
6.8%
|
Carloads From Divested Operations(2)
|
|
|
|
0
|
|
|
10,704
|
|
|
(10,704)
|
|
|
NM
|
Same Railroad Carloads
|
|
|
|
296,442
|
|
|
266,768
|
|
|
29,674
|
|
|
11.1%
|
|
(1)
|
|
51.1% owned by G&W.
|
(2)
|
|
Total carloads from ERS, which was sold in June 2018.
|
|
|
|
August 2018 Highlights by Segment
-
North American Operations: Traffic in August 2018 was 157,699
carloads, an increase of 11.7% compared with August 2017, with
increases across most commodity groups, including coal & coke, metals,
minerals & stone and lumber & forest products.
-
Australian Operations: Traffic in August 2018 was 54,528 carloads, an
increase of 37.1% compared with August 2017, primarily due to
increased coal & coke and minerals & stone traffic, partially offset
by decreased agricultural products and metallic ores traffic. Carload
information for G&W’s 51.1% owned Australian Operations is presented
on a 100% basis.
-
U.K./European Operations: Traffic in August 2018 was 84,215 carloads,
a decrease of 12.7% compared with August 2017. Excluding traffic from
ERS, same railroad traffic in August 2018 was 84,215 carloads, a
decrease of 1.8% compared with same railroad traffic in August 2017 of
85,776 carloads, primarily due to lower intermodal traffic in the U.K.
The table below sets forth North American Operations carload information
by commodity group.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North American Operations:
|
|
|
|
Aug 2018
|
|
|
Aug 2017
|
|
|
Change
|
|
|
% Change
|
Agricultural Products
|
|
|
|
17,415
|
|
|
16,309
|
|
|
1,106
|
|
|
6.8%
|
Autos & Auto Parts
|
|
|
|
3,036
|
|
|
3,545
|
|
|
(509)
|
|
|
(14.4%)
|
Chemicals & Plastics
|
|
|
|
15,456
|
|
|
15,008
|
|
|
448
|
|
|
3.0%
|
Coal & Coke
|
|
|
|
25,738
|
|
|
21,056
|
|
|
4,682
|
|
|
22.2%
|
Food & Kindred Products
|
|
|
|
5,484
|
|
|
5,262
|
|
|
222
|
|
|
4.2%
|
Intermodal
|
|
|
|
1,734
|
|
|
1,131
|
|
|
603
|
|
|
53.3%
|
Lumber & Forest Products
|
|
|
|
13,595
|
|
|
12,095
|
|
|
1,500
|
|
|
12.4%
|
Metallic Ores
|
|
|
|
1,732
|
|
|
1,619
|
|
|
113
|
|
|
7.0%
|
Metals
|
|
|
|
15,287
|
|
|
12,038
|
|
|
3,249
|
|
|
27.0%
|
Minerals & Stone
|
|
|
|
22,028
|
|
|
19,508
|
|
|
2,520
|
|
|
12.9%
|
Petroleum Products
|
|
|
|
8,671
|
|
|
8,596
|
|
|
75
|
|
|
0.9%
|
Pulp & Paper
|
|
|
|
15,279
|
|
|
14,319
|
|
|
960
|
|
|
6.7%
|
Waste
|
|
|
|
5,449
|
|
|
4,920
|
|
|
529
|
|
|
10.8%
|
Other
|
|
|
|
6,795
|
|
|
5,815
|
|
|
980
|
|
|
16.9%
|
Total Carloads
|
|
|
|
157,699
|
|
|
141,221
|
|
|
16,478
|
|
|
11.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Coal & coke traffic increased 4,682 carloads, or 22.2%, primarily due
to increased shipments of steam coal in G&W’s Midwest and Central
regions.
-
Metals traffic increased 3,249 carloads, or 27.0%, primarily due to
increased scrap and finished steel shipments in most G&W regions.
-
Minerals & stone traffic increased 2,520 carloads, or 12.9%, primarily
due to increased shipments of construction aggregates and cement in
most G&W regions and frac sand in G&W’s Northeast Region.
-
Lumber & forest products increased 1,500 carloads, or 12.4%, due to
increased shipments of lumber in all G&W regions.
-
All remaining traffic increased by a net 4,527 carloads.
The table below sets forth carload information for G&W’s 51.1% owned
Australian Operations by commodity group.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Australian Operations(1):
|
|
|
|
Aug 2018
|
|
|
Aug 2017
|
|
|
Change
|
|
|
% Change
|
Agricultural Products
|
|
|
|
2,499
|
|
|
4,223
|
|
|
(1,724)
|
|
|
(40.8%)
|
Coal & Coke
|
|
|
|
39,643
|
|
|
27,499
|
|
|
12,144
|
|
|
44.2%
|
Intermodal
|
|
|
|
4,684
|
|
|
5,143
|
|
|
(459)
|
|
|
(8.9%)
|
Metallic Ores
|
|
|
|
2,002
|
|
|
2,877
|
|
|
(875)
|
|
|
(30.4%)
|
Minerals & Stone
|
|
|
|
5,670
|
|
|
0
|
|
|
5,670
|
|
|
NM
|
Petroleum Products
|
|
|
|
30
|
|
|
29
|
|
|
1
|
|
|
3.4%
|
Total Carloads
|
|
|
|
54,528
|
|
|
39,771
|
|
|
14,757
|
|
|
37.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Coal & coke traffic increased 12,144, or 44.2%, primarily because
traffic from August 2017 through December 2017 was negatively impacted
by industrial action at Hunter Valley coal mines.
-
Minerals & stone traffic increased 5,670 carloads, primarily as gypsum
traffic from August 2017 through September 2017 was negatively
impacted by an outage at a customer port facility.
-
Agricultural products traffic decreased 1,724 carloads, or 40.8%,
primarily due to a weaker 2017-2018 harvest in South Australia.
-
Metallic ores traffic decreased 875 carloads, or 30.4%, primarily due
to the planned, temporary shutdown of an iron ore mine in October 2017.
-
All remaining traffic decreased by a net 458 carloads.
The table below sets forth U.K./European Operations carload information
by commodity group.
|
U.K./European Operations:
|
|
|
|
Aug 2018
|
|
|
Aug 2017
|
|
|
Change
|
|
|
% Change
|
Agricultural Products
|
|
|
|
313
|
|
|
364
|
|
|
(51)
|
|
|
(14.0%)
|
Coal & Coke
|
|
|
|
1,681
|
|
|
1,174
|
|
|
507
|
|
|
43.2%
|
Intermodal
|
|
|
|
66,174
|
|
|
78,603
|
|
|
(12,429)
|
|
|
(15.8%)
|
Minerals & Stone
|
|
|
|
16,026
|
|
|
16,339
|
|
|
(313)
|
|
|
(1.9%)
|
Petroleum Products
|
|
|
|
21
|
|
|
0
|
|
|
21
|
|
|
NM
|
Total Carloads
|
|
|
|
84,215
|
|
|
96,480
|
|
|
(12,265)
|
|
|
(12.7%)
|
Carloads From Divested Operations(1)
|
|
|
|
0
|
|
|
10,704
|
|
|
(10,704)
|
|
|
NM
|
Same Railroad Carloads
|
|
|
|
84,215
|
|
|
85,776
|
|
|
(1,561)
|
|
|
(1.8%)
|
|
(1)
|
|
Total carloads from ERS, which was sold in June 2018.
|
|
|
|
The following highlights relate to U.K./European same railroad traffic.
-
Intermodal traffic decreased 1,725 carloads, or 2.5%, due to decreased
shipments in the U.K. primarily caused by operational issues at a U.K.
port.
-
All remaining traffic increased by a net 164 carloads.
Third Quarter of 2018 Through August
The table below sets forth summary total carloads by segment.
|
Segment
|
|
|
|
QTD August 2018
|
|
|
QTD August 2017
|
|
|
Change
|
|
|
% Change
|
North American Operations
|
|
|
|
307,380
|
|
|
275,043
|
|
|
32,337
|
|
|
11.8%
|
Australian Operations(1)
|
|
|
|
109,865
|
|
|
92,099
|
|
|
17,766
|
|
|
19.3%
|
U.K./European Operations
|
|
|
|
163,951
|
|
|
187,470
|
|
|
(23,519)
|
|
|
(12.5%)
|
Total G&W Operations
|
|
|
|
581,196
|
|
|
554,612
|
|
|
26,584
|
|
|
4.8%
|
Carloads From Divested Operations(2)
|
|
|
|
0
|
|
|
21,153
|
|
|
(21,153)
|
|
|
NM
|
Same Railroad Carloads
|
|
|
|
581,196
|
|
|
533,459
|
|
|
47,737
|
|
|
8.9%
|
|
(1)
|
|
51.1% owned by G&W.
|
(2)
|
|
Total carloads from ERS, which was sold in June 2018.
|
|
The table below sets forth North American Operations carload information
by commodity group.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North American Operations:
|
|
|
|
QTD August 2018
|
|
|
QTD August 2017
|
|
|
Change
|
|
|
% Change
|
Agricultural Products
|
|
|
|
34,480
|
|
|
31,632
|
|
|
2,848
|
|
|
9.0%
|
Autos & Auto Parts
|
|
|
|
5,926
|
|
|
6,066
|
|
|
(140)
|
|
|
(2.3%)
|
Chemicals & Plastics
|
|
|
|
29,994
|
|
|
29,572
|
|
|
422
|
|
|
1.4%
|
Coal & Coke
|
|
|
|
48,767
|
|
|
42,146
|
|
|
6,621
|
|
|
15.7%
|
Food & Kindred Products
|
|
|
|
10,304
|
|
|
9,761
|
|
|
543
|
|
|
5.6%
|
Intermodal
|
|
|
|
2,901
|
|
|
2,132
|
|
|
769
|
|
|
36.1%
|
Lumber & Forest Products
|
|
|
|
25,542
|
|
|
23,942
|
|
|
1,600
|
|
|
6.7%
|
Metallic Ores
|
|
|
|
3,210
|
|
|
3,153
|
|
|
57
|
|
|
1.8%
|
Metals
|
|
|
|
30,677
|
|
|
22,457
|
|
|
8,220
|
|
|
36.6%
|
Minerals & Stone
|
|
|
|
42,472
|
|
|
38,026
|
|
|
4,446
|
|
|
11.7%
|
Petroleum Products
|
|
|
|
17,421
|
|
|
17,079
|
|
|
342
|
|
|
2.0%
|
Pulp & Paper
|
|
|
|
30,839
|
|
|
28,830
|
|
|
2,009
|
|
|
7.0%
|
Waste
|
|
|
|
11,009
|
|
|
10,023
|
|
|
986
|
|
|
9.8%
|
Other
|
|
|
|
13,838
|
|
|
10,224
|
|
|
3,614
|
|
|
35.3%
|
Total Carloads
|
|
|
|
307,380
|
|
|
275,043
|
|
|
32,337
|
|
|
11.8%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The table below sets forth carload information for G&W’s 51.1% owned
Australian Operations by commodity group.
|
Australian Operations(1):
|
|
|
|
QTD August 2018
|
|
|
QTD August 2017
|
|
|
Change
|
|
|
% Change
|
Agricultural Products
|
|
|
|
5,750
|
|
|
9,386
|
|
|
(3,636)
|
|
|
(38.7%)
|
Coal & Coke
|
|
|
|
78,719
|
|
|
61,343
|
|
|
17,376
|
|
|
28.3%
|
Intermodal
|
|
|
|
9,763
|
|
|
10,539
|
|
|
(776)
|
|
|
(7.4%)
|
Metallic Ores
|
|
|
|
4,110
|
|
|
6,164
|
|
|
(2,054)
|
|
|
(33.3%)
|
Minerals & Stone
|
|
|
|
11,456
|
|
|
4,607
|
|
|
6,849
|
|
|
NM
|
Petroleum Products
|
|
|
|
67
|
|
|
60
|
|
|
7
|
|
|
11.7%
|
Total Carloads
|
|
|
|
109,865
|
|
|
92,099
|
|
|
17,766
|
|
|
19.3%
|
|
The table below sets forth U.K./European Operations carload information
by commodity group.
|
U.K./European Operations:
|
|
|
|
QTD August 2018
|
|
|
QTD August 2017
|
|
|
Change
|
|
|
% Change
|
Agricultural Products
|
|
|
|
458
|
|
|
472
|
|
|
(14)
|
|
|
(3.0%)
|
Coal & Coke
|
|
|
|
2,747
|
|
|
2,099
|
|
|
648
|
|
|
30.9%
|
Intermodal
|
|
|
|
128,453
|
|
|
151,879
|
|
|
(23,426)
|
|
|
(15.4%)
|
Minerals & Stone
|
|
|
|
32,251
|
|
|
33,020
|
|
|
(769)
|
|
|
(2.3%)
|
Petroleum Products
|
|
|
|
42
|
|
|
0
|
|
|
42
|
|
|
NM
|
Total Carloads
|
|
|
|
163,951
|
|
|
187,470
|
|
|
(23,519)
|
|
|
(12.5%)
|
Carloads From Divested Operations(1)
|
|
|
|
0
|
|
|
21,153
|
|
|
(21,153)
|
|
|
NM
|
Same Railroad Carloads
|
|
|
|
163,951
|
|
|
166,317
|
|
|
(2,366)
|
|
|
(1.4%)
|
|
(1)
|
|
Total carloads from ERS, which was sold in June 2018.
|
|
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 121 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/20180914005076/en/ Copyright Business Wire 2018
Source: Business Wire
(September 14, 2018 - 6:30 AM EDT)
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