Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for July 2018.
G&W's total traffic in July 2018 was 284,754 carloads, an increase of 7,614 carloads, or 2.7%, compared with July 2017. G&W's same railroad traffic in July 2018 increased 18,063 carloads, or 6.8%, compared with G&W's traffic in July 2017, excluding carloads from G&W's former Continental European intermodal business (ERS), which was sold in June 2018.
The table below sets forth summary total carloads by segment.
| (1) | 51.1% owned by G&W. | |
| (2) | Total carloads from ERS, which was sold in June 2018. | |
Highlights by Segment
- North American Operations: Traffic in July 2018 was 149,681 carloads, an increase of 11.9% compared with July 2017, primarily due to increases across most commodity groups, including metals, coal & coke, minerals & stone and agricultural products.
- Australian Operations: Traffic in July 2018 was 55,337 carloads, an increase of 5.8% compared with July 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 July 2018 was 79,736 carloads, a decrease of 12.4% compared with July 2017. Excluding traffic from ERS, same railroad traffic in July 2018 was 79,736 carloads, a decrease of 1.0% compared with same railroad traffic in July 2017 of 80,541 carloads, primarily due to decreased intermodal traffic in the U.K.
The table below sets forth North American Operations carload information by commodity group.
The table below sets forth carload information for G&W's 51.1% owned Australian Operations by commodity group.
| (1) | 51.1% owned by G&W. | |
The table below sets forth U.K./European Operations carload information by commodity group.
The following highlights relate to U.K./European same railroad traffic:
- Intermodal traffic decreased 548 carloads, or 0.9%, in the U.K. due to operational issues at a U.K. port.
- All remaining traffic decreased by a net 257 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.
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 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/20180813005144/en/
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