Genesee & Wyoming Reports Traffic for June 2016 and the Second Quarter of 2016
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes
for June 2016 and the second quarter of 2016.
G&W’s traffic in June 2016 was 244,197 carloads, a decrease of 10,016
carloads, or 3.9%, compared with June 2015.
G&W’s traffic in the second quarter of 2016 was 706,916 carloads, a
decrease of 40,956 carloads, or 5.5%, compared with the second quarter
of 2015.
The table below sets forth summary total carloads by segment for June
2016 and June 2015.
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Segment
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June 2016
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June 2015
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Change
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% Change
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North American Operations
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131,338
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137,386
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(6,048)
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(4.4%)
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Australian Operations
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14,199
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16,610
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(2,411)
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(14.5%)
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U.K./European Operations
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98,660
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100,217
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(1,557)
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(1.6%)
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Total G&W Operations
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244,197
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254,213
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(10,016)
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(3.9%)
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June 2016 Highlights by Segment
-
North American Operations: Traffic in June 2016 was 131,338 carloads,
a decrease of 4.4% compared with June 2015. The decrease was primarily
due to reduced shipments of coal & coke, metals, pulp & paper and
minerals & stone traffic.
-
Australian Operations: Traffic in June 2016 was 14,199 carloads, a
decrease of 14.5% compared with June 2015. The decrease was primarily
due to reduced metallic ores and agricultural products traffic.
-
U.K./European Operations: Traffic in June 2016 was 98,660 carloads, a
decrease of 1.6% compared with June 2015. The decrease was primarily
due to reduced coal & coke and minerals & stone traffic, partially
offset by increased intermodal traffic.
The table below sets forth North American Operations carload information
for June 2016 and June 2015 by commodity group.
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North American Operations:
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June 2016
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June 2015
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Change
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% Change
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Agricultural Products
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17,113
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17,484
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(371)
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(2.1%)
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Autos & Auto Parts
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2,920
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2,259
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661
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29.3%
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Chemicals & Plastics
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14,395
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14,567
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(172)
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(1.2%)
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Coal & Coke
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16,827
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19,188
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(2,361)
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(12.3%)
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Food & Kindred Products
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4,678
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4,954
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(276)
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(5.6%)
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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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11,749
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12,153
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(404)
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(3.3%)
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Metallic Ores
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1,916
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1,976
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(60)
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(3.0%)
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Metals
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11,446
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12,918
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(1,472)
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(11.4%)
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Minerals & Stone
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17,905
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19,153
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(1,248)
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(6.5%)
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Petroleum Products
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8,683
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7,829
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854
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10.9%
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Pulp & Paper
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13,885
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15,149
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(1,264)
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(8.3%)
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Waste
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4,367
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3,783
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584
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15.4%
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Other
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5,454
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5,967
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(513)
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(8.6%)
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Total carloads
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131,338
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137,386
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(6,048)
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(4.4%)
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-
North American Operations traffic decreased 6,048 carloads, or 4.4%.
-
Coal & coke traffic decreased 2,361 carloads, or 12.3%, primarily due
to decreased shipments of utility coal in G&W’s Northeast and Midwest
regions.
-
Metals traffic decreased 1,472 carloads, or 11.4%, primarily due to
decreased shipments in G&W’s Southern and Canada Regions.
-
Pulp & paper traffic decreased 1,264 carloads, or 8.3%, primarily due
to decreased shipments across most of G&W’s regions.
-
Minerals & stone traffic decreased 1,248 carloads, or 6.5%, primarily
due to decreased shipments in G&W’s Central region following
unseasonably wet weather in late May and early June 2016.
-
All remaining traffic increased by a net 297 carloads.
The table below sets forth Australian Operations carload information for
June 2016 and June 2015 by commodity group.
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Australian Operations:
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June 2016
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June 2015
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Change
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% Change
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Agricultural Products
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3,442
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4,630
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(1,188)
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(25.7%)
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Intermodal
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5,128
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5,310
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(182)
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(3.4%)
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Metallic Ores
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592
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1,896
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(1,304)
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(68.8%)
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Minerals & Stone
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5,008
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4,747
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261
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5.5%
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Petroleum Products
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29
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27
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2
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7.4%
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Total carloads
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14,199
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16,610
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(2,411)
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(14.5%)
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The decrease in Australian Operations traffic was primarily due to
reduced metallic ores traffic as a result of the previously announced
closure of a customer manganese mine and also due to reduced
agricultural products traffic primarily as a result of low global crop
prices.
The table below sets forth U.K./European Operations carload information
for June 2016 and June 2015 by commodity group.
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U.K./European Operations:
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June 2016
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June 2015
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Change
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% Change
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Agricultural Products
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76
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34
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42
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NM
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Coal & Coke
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3,372
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7,478
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(4,106)
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(54.9%)
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Intermodal
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81,569
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76,948
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4,621
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6.0%
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Lumber & Forest Products
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45
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-
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45
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NM
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Minerals & Stone
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13,598
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15,757
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(2,159)
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(13.7%)
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Total carloads
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98,660
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100,217
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(1,557)
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(1.6%)
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-
U.K./European Operations traffic decreased 1,557 carloads, or 1.6%.
-
Coal & coke traffic decreased 4,106 carloads, or 54.9%, primarily due
to decreased shipments in the U.K. and Poland.
-
Minerals & stone traffic decreased 2,159 carloads, or 13.7%, primarily
due to decreased shipments in the U.K. and Poland.
-
Intermodal traffic increased 4,621 carloads, or 6.0%, primarily due to
increased shipments in the U.K.
-
All remaining traffic increased by a net 87 carloads.
Second Quarter of 2016 Traffic
The table below sets forth summary total carloads by segment for the
second quarter of 2016 and the second quarter of 2015.
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Segment
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Q2 2016
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Q2 2015
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Change
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% Change
|
North American Operations
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386,123
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|
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413,888
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(27,765)
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(6.7%)
|
Australian Operations
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44,251
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52,104
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(7,853)
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(15.1%)
|
U.K./European Operations
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|
|
276,542
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|
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|
281,880
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|
(5,338)
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|
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|
(1.9%)
|
Total G&W Operations
|
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|
|
706,916
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|
747,872
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|
(40,956)
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|
(5.5%)
|
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The table below sets forth North American Operations carload information
for the second quarter of 2016 and the second quarter of 2015 by
commodity group.
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|
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North American Operations:
|
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|
|
Q2 2016
|
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Q2 2015
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Change
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% Change
|
Agricultural Products
|
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|
49,330
|
|
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53,690
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(4,360)
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(8.1%)
|
Autos & Auto Parts
|
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|
8,146
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|
|
|
|
7,450
|
|
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|
|
696
|
|
|
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9.3%
|
Chemicals & Plastics
|
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44,875
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|
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45,637
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(762)
|
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|
|
(1.7%)
|
Coal & Coke
|
|
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|
46,237
|
|
|
|
|
63,445
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|
|
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|
(17,208)
|
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|
|
|
(27.1%)
|
Food & Kindred Products
|
|
|
|
|
14,448
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|
|
|
|
14,726
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|
|
|
|
(278)
|
|
|
|
|
(1.9%)
|
Intermodal
|
|
|
|
|
12
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|
|
|
|
12
|
|
|
|
|
-
|
|
|
|
|
0.0%
|
Lumber & Forest Products
|
|
|
|
|
34,561
|
|
|
|
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34,966
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|
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|
(405)
|
|
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|
|
(1.2%)
|
Metallic Ores
|
|
|
|
|
6,122
|
|
|
|
|
6,114
|
|
|
|
|
8
|
|
|
|
|
0.1%
|
Metals
|
|
|
|
|
35,881
|
|
|
|
|
35,136
|
|
|
|
|
745
|
|
|
|
|
2.1%
|
Minerals & Stone
|
|
|
|
|
51,882
|
|
|
|
|
55,872
|
|
|
|
|
(3,990)
|
|
|
|
|
(7.1%)
|
Petroleum Products
|
|
|
|
|
25,462
|
|
|
|
|
23,855
|
|
|
|
|
1,607
|
|
|
|
|
6.7%
|
Pulp & Paper
|
|
|
|
|
41,128
|
|
|
|
|
45,302
|
|
|
|
|
(4,174)
|
|
|
|
|
(9.2%)
|
Waste
|
|
|
|
|
11,520
|
|
|
|
|
10,224
|
|
|
|
|
1,296
|
|
|
|
|
12.7%
|
Other
|
|
|
|
|
16,519
|
|
|
|
|
17,459
|
|
|
|
|
(940)
|
|
|
|
|
(5.4%)
|
Total carloads
|
|
|
|
|
386,123
|
|
|
|
|
413,888
|
|
|
|
|
(27,765)
|
|
|
|
|
(6.7%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The table below sets forth Australian Operations carload information for
the second quarter of 2016 and the second quarter of 2015 by commodity
group.
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Australian Operations:
|
|
|
|
|
Q2 2016
|
|
|
|
|
Q2 2015
|
|
|
|
|
Change
|
|
|
|
|
% Change
|
Agricultural Products
|
|
|
|
|
10,504
|
|
|
|
|
14,816
|
|
|
|
|
(4,312)
|
|
|
|
|
(29.1%)
|
Intermodal
|
|
|
|
|
15,320
|
|
|
|
|
15,657
|
|
|
|
|
(337)
|
|
|
|
|
(2.2%)
|
Metallic Ores
|
|
|
|
|
2,018
|
|
|
|
|
7,137
|
|
|
|
|
(5,119)
|
|
|
|
|
(71.7%)
|
Minerals & Stone
|
|
|
|
|
16,337
|
|
|
|
|
14,424
|
|
|
|
|
1,913
|
|
|
|
|
13.3%
|
Petroleum Products
|
|
|
|
|
72
|
|
|
|
|
70
|
|
|
|
|
2
|
|
|
|
|
2.9%
|
Total carloads
|
|
|
|
|
44,251
|
|
|
|
|
52,104
|
|
|
|
|
(7,853)
|
|
|
|
|
(15.1%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The table below sets forth U.K./European Operations carload information
for the second quarter of 2016 and the second quarter of 2015 by
commodity group.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.K./European Operations:
|
|
|
|
|
Q2 2016
|
|
|
|
|
Q2 2015
|
|
|
|
|
Change
|
|
|
|
|
% Change
|
Agricultural Products
|
|
|
|
|
448
|
|
|
|
|
190
|
|
|
|
|
258
|
|
|
|
|
NM
|
Coal & Coke
|
|
|
|
|
9,250
|
|
|
|
|
23,380
|
|
|
|
|
(14,130)
|
|
|
|
|
(60.4%)
|
Intermodal
|
|
|
|
|
228,543
|
|
|
|
|
214,227
|
|
|
|
|
14,316
|
|
|
|
|
6.7%
|
Lumber & Forest Products
|
|
|
|
|
135
|
|
|
|
|
-
|
|
|
|
|
135
|
|
|
|
|
NM
|
Metallic Ores
|
|
|
|
|
93
|
|
|
|
|
-
|
|
|
|
|
93
|
|
|
|
|
NM
|
Minerals & Stone
|
|
|
|
|
38,073
|
|
|
|
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44,083
|
|
|
|
|
(6,010)
|
|
|
|
|
(13.6%)
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Total carloads
|
|
|
|
|
276,542
|
|
|
|
|
281,880
|
|
|
|
|
(5,338)
|
|
|
|
|
(1.9%)
|
|
|
|
|
|
|
|
|
|
|
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|
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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:
-
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.
-
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.
-
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 7,500 employees and more than
2,800 customers.
-
G&W’s eight North American regions serve 41 U.S. states and four
Canadian provinces and include 113 short line and regional freight
railroads with more than 13,000 track-miles.
-
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.
-
G&W’s U.K./European 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/20160714005269/en/ Copyright Business Wire 2016
Source: Business Wire
(July 14, 2016 - 6:30 AM EDT)
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