Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported
traffic volumes for January 2018.
G&W’s traffic in January 2018 was 277,131 carloads, a
decrease of 1,137 carloads, or 0.4%, compared with January 2017.
G&W’s same-railroad traffic in January 2018 was 276,630
carloads, a decrease of 1,638 carloads, or 0.6%, compared with
January 2017.
The table below sets forth summary total carloads by segment for
January 2018 and January 2017.
Segment
January 2018
January 2017
Change
% Change
North American Operations 136,199 138,551 (2,352) (1.7%) Australian
Operations(1) 49,276 51,977 (2,701) (5.2%) U.K./European Operations
91,656 87,740 3,916 4.5% Total G&W Operations 277,131 278,268
(1,137) (0.4%) Carloads from New Railroads 501 Same-railroad
carloads 276,630 278,268 (1,638) (0.6%) (1) 51.1% owned by G&W.
January 2018 Highlights by Segment
- North American Operations: Traffic in
January 2018 was 136,199 carloads, a decrease of 1.7% compared with
January 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 decreased 2.1%,
primarily due to decreased agricultural products and chemicals
& plastics traffic.
- Australian Operations: Traffic in
January 2018 was 49,276 carloads, a decrease of 5.2% compared with
January 2017, primarily due to decreased agricultural products 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
January 2018 was 91,656 carloads, an increase of 4.5% compared with
January 2017, primarily due to increased minerals & stone
traffic in Poland and the U.K., partially offset by decreased coal
& coke traffic in the U.K.
The table below sets forth North American Operations carload
information for January 2018 and January 2017 by commodity
group.
North American Operations:
January 2018
January 2017
Change % Change
Agricultural Products 18,604 19,894 (1,290) (6.5%) Autos & Auto
Parts 3,091 2,757 334 12.1% Chemicals & Plastics 14,582 15,835
(1,253) (7.9%) Coal & Coke 21,560 22,407 (847) (3.8%) Food
& Kindred Products 5,307 4,976 331 6.7% Intermodal 1,050 509
541 NM Lumber & Forest Products 12,098 10,682 1,416 13.3%
Metallic Ores 1,435 1,741 (306) (17.6%) Metals 11,862 11,728 134
1.1% Minerals & Stone 14,957 15,475 (518) (3.3%) Petroleum
Products 9,170 9,211 (41) (0.4%) Pulp & Paper 14,052 13,971 81
0.6% Waste 3,921 3,885 36 0.9% Other 4,510 5,480 (970) (17.7%)
Total carloads 136,199 138,551 (2,352) (1.7%) Carloads from New
Railroads(1) 501 Same-railroad carloads 135,698 138,551 (2,853)
(2.1%) (1) Total carloads from HOG, which contributed 410 carloads
of lumber & forest products traffic, and 91 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.
- Agricultural products traffic decreased
1,325 carloads, or 6.7%, primarily due to decreased soybean meal
shipments in G&W’s Western Region and decreased shipments of
dried distillers’ grains (DDGs) in G&W’s Midwest Region.
- Chemicals & plastics traffic
decreased 1,306 carloads, or 8.2%, primarily due to decreased
shipments of ethanol in G&W’s Midwest region and industrial
chemicals in G&W’s Northeast region.
- All remaining traffic decreased by a
net 222 carloads.
The table below sets forth carload information for G&W’s
51.1% owned Australian Operations for January 2018 and January 2017
by commodity group.
Australian Operations(1):
January 2018
January 2017
Change
% Change
Agricultural Products 3,887 5,202 (1,315) (25.3%) Coal & Coke
33,811 34,668 (857) (2.5%) Intermodal 4,358 4,460 (102) (2.3%)
Metallic Ores 1,665 1,898 (233) (12.3%) Minerals & Stone 5,543
5,737 (194) (3.4%) Petroleum Products 12 12 - - Total carloads
49,276 51,977 (2,701) (5.2%) (1) 51.1% owned by G&W.
- Agricultural products traffic decreased
1,315 carloads, or 25.3%, primarily due to a lower 2017-18 harvest
in South Australia.
- Coal & coke traffic, which operates
primarily under a take-or-pay contract structure, decreased 857
carloads, or 2.5%.
- All remaining traffic decreased by a
net 529 carloads.
The table below sets forth U.K./European Operations carload
information for January 2018 and January 2017 by commodity
group.
U.K./European Operations:
January 2018
January 2017
Change
% Change
Agricultural Products 286 562 (276) (49.1%) Coal & Coke 2,186
4,091 (1,905) (46.6%) Intermodal 75,436 75,049 387 0.5% Minerals
& Stone 13,748 8,038 5,710 71.0% Total carloads 91,656 87,740
3,916 4.5%
- Minerals & stone traffic increased
5,710 carloads, or 71.0%, primarily due to increased shipments in
Poland and the U.K.
- Coal & coke traffic decreased 1,905
carloads, or 46.6%, primarily due to decreased shipments in the
U.K.
- All remaining traffic increased by a
net 111 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: http://www.businesswire.com/news/home/20180214005466/en/
Genesee & Wyoming Inc.Thomas D. Savage, 1-203-202-8900Senior
Vice President – Corporate Development &
Treasurerhttp://www.gwrr.com
Genesee and Wyoming (NYSE:GWR)
Historical Stock Chart
From Apr 2024 to May 2024
Genesee and Wyoming (NYSE:GWR)
Historical Stock Chart
From May 2023 to May 2024