Genesee & Wyoming Reports Traffic for July 2016
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes
for July 2016.
G&W’s traffic in July 2016 was 242,950 carloads, a decrease of 22,451
carloads, or 8.5%, compared with July 2015.
The table below sets forth summary total carloads by segment for July
2016 and July 2015.
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Segment
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July 2016
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July 2015
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Change
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% Change
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North American Operations
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131,140
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139,335
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(8,195)
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(5.9%)
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Australian Operations
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15,099
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17,508
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(2,409)
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(13.8%)
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U.K./European Operations
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96,711
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108,558
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(11,847)
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(10.9%)
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Total G&W Operations
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242,950
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265,401
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(22,451)
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(8.5%)
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July 2016 Highlights by Segment
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North American Operations: Traffic in July 2016 was 131,140 carloads,
a decrease of 5.9% compared with July 2015. The decrease was primarily
due to reduced shipments of metals, minerals & stone, coal & coke and
pulp & paper traffic, partially offset by increased agricultural
products traffic.
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Australian Operations: Traffic in July 2016 was 15,099 carloads, a
decrease of 13.8% compared with July 2015. The decrease was primarily
due to reduced agricultural products traffic.
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U.K./European Operations: Traffic in July 2016 was 96,711 carloads, a
decrease of 10.9% compared with July 2015. The decrease was primarily
due to reduced intermodal, coal & coke and minerals & stone traffic.
The table below sets forth North American Operations carload information
for July 2016 and July 2015 by commodity group.
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North American Operations:
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July 2016
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July 2015
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Change
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% Change
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Agricultural Products
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18,974
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16,752
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2,222
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13.3%
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Autos & Auto Parts
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2,008
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2,227
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(219)
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(9.8%)
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Chemicals & Plastics
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14,007
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14,193
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(186)
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(1.3%)
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Coal & Coke
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20,047
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21,957
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(1,910)
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(8.7%)
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Food & Kindred Products
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4,782
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4,935
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(153)
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(3.1%)
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Intermodal
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-
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6
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(6)
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NM
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Lumber & Forest Products
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11,309
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11,674
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(365)
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(3.1%)
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Metallic Ores
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1,425
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2,211
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(786)
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(35.5%)
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Metals
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9,240
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11,703
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(2,463)
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(21.0%)
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Minerals & Stone
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17,938
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20,084
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(2,146)
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(10.7%)
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Petroleum Products
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8,120
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8,098
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22
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0.3%
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Pulp & Paper
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14,094
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15,577
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(1,483)
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(9.5%)
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Waste
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4,518
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4,060
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458
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11.3%
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Other
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4,678
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5,858
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(1,180)
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(20.1%)
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Total carloads
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131,140
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139,335
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(8,195)
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(5.9%)
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North American Operations traffic decreased 8,195 carloads, or 5.9%.
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Metals traffic decreased 2,463 carloads, or 21.0%, due to decreased
shipments of scrap steel and coils.
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Minerals & stone traffic decreased 2,146 carloads, or 10.7%, primarily
due to decreased shipments of construction aggregates in G&W’s Central
Region and decreased frac sand and salt in G&W’s Northeast Region.
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Coal & coke traffic decreased 1,910 carloads, or 8.7%, primarily due
to decreased shipments of utility coal in G&W’s Midwest and Northeast
regions.
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Pulp & paper traffic decreased 1,483 carloads, or 9.5%, primarily due
to decreased shipments across most of G&W’s regions.
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Agricultural products traffic increased 2,222 carloads, or 13.3%,
primarily due to increased grain shipments in G&W’s Midwest and
Mountain West regions and DDG shipments in G&W’s Pacific Region.
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All remaining traffic decreased by a net 2,415 carloads.
The table below sets forth Australian Operations carload information for
July 2016 and July 2015 by commodity group.
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Australian Operations:
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July 2016
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July 2015
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Change
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% Change
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Agricultural Products
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2,984
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4,423
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(1,439)
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(32.5%)
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Intermodal
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5,315
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5,621
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(306)
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(5.4%)
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Metallic Ores
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1,942
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2,194
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(252)
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(11.5%)
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Minerals & Stone
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4,832
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5,231
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(399)
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(7.6%)
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Petroleum Products
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26
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39
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(13)
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(33.3%)
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Total carloads
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15,099
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17,508
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(2,409)
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(13.8%)
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The decrease in Australian Operations traffic was primarily due to
reduced agricultural products traffic primarily as a result of low
global crop prices and customer operational issues.
The table below sets forth U.K./European Operations carload information
for July 2016 and July 2015 by commodity group.
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U.K./European Operations:
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July 2016
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July 2015
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Change
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% Change
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Agricultural Products
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186
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36
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150
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NM
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Coal & Coke
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2,854
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6,259
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(3,405)
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(54.4%)
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Intermodal
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79,209
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85,090
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(5,881)
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(6.9%)
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Minerals & Stone
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14,462
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17,173
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(2,711)
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(15.8%)
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Total carloads
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96,711
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108,558
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(11,847)
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(10.9%)
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U.K./European Operations traffic decreased 11,847 carloads, or 10.9%.
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Intermodal traffic decreased 5,881 carloads, or 6.9%, primarily in the
U.K.
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Coal & coke traffic decreased 3,405 carloads, or 54.4%, primarily due
to decreased shipments in the U.K. and Poland.
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Minerals & stone traffic decreased 2,711 carloads, or 15.8%, primarily
due to decreased shipments in the U.K.
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All remaining traffic increased by a net 150 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, income from
operations or net income.
G&W’s three reportable segments are summarized as follows:
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The North American Operations segment is comprised of eight operating
regions in the U.S. and Canada. This segment represents approximately
60% of G&W’s total operating revenues and approximately 80% of G&W’s
total income from operations.
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The Australian Operations segment is comprised of operations in South
Australia, the Northern Territory and New South Wales. This segment
represents approximately 10% of G&W’s total operating revenues and
approximately 10% of G&W’s total income from operations.
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The U.K./European Operations segment is comprised of operations in the
U.K. and continental Europe. This segment represents approximately 30%
of G&W’s total operating revenues and approximately 10% of G&W’s total
income from operations.
About G&W
Genesee & Wyoming owns or leases 121 freight railroads worldwide that
are organized in 10 operating regions with approximately 7,200 employees
and more than 2,800 customers.
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G&W’s eight North American regions serve 41 U.S. states and four
Canadian provinces and include 114 short line and regional freight
railroads with more than 13,000 track-miles.
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G&W’s Australia Region provides rail freight services in New South
Wales, the Northern Territory and South Australia and operates the
1,400-mile Tarcoola-to-Darwin rail line.
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G&W’s U.K./Europe Region is led by Freightliner, the U.K.’s largest
rail maritime intermodal operator and second-largest rail freight
company. Operations also include heavy-haul in Poland and Germany and
cross-border intermodal services connecting Northern European seaports
with key industrial regions throughout the continent.
G&W subsidiaries provide rail service at more than 40 major ports in
North America, Australia and Europe and perform contract coal loading
and railcar switching for industrial customers.
For more information, visit gwrr.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160811006164/en/ Copyright Business Wire 2016
Source: Business Wire
(August 11, 2016 - 5:00 PM EDT)
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