Genesee & Wyoming reports traffic for April 2017

G&W’s traffic in April 2017 was 260 440 carloads, an increase of 30 468 carloads, or 13.2%, compared with April 2016. G&W’s same-railroad traffic in April 2017 was 225 232 carloads, a decrease of 4740 carloads, or 2.1%, compared with April 2016.

April 2017 highlights by segment

• North American Operations: Traffic in April 2017 was 129,087 carloads, an increase of 3.4% compared with April 2016, including carloads from the Providence and Worcester Railroad Company (P&W) acquisition, which closed on 1 November, 2016. On a same-railroad basis, North American traffic increased 0.8%, primarily due to increased agricultural products and coal and coke traffic, partially offset by decreased chemicals and plastics traffic.
• Australian Operations: Traffic in April 2017 was 49 521 carloads, including carloads from the Glencore Rail (GRail) acquisition, which closed on 1 December, 2016. On a same-railroad basis, Australian traffic increased 16.1%, primarily due to increased metallic ores and agricultural products traffic. Please note, simultaneous with the GRail acquisition, G&W issued a 48.9% equity stake in its Australian Operations to Macquarie Infrastructure and Real Assets. Carload information for the Australian Operations is presented on a 100% basis.
• U.K./European Operations: Traffic in April 2017 was 81 832 carloads, a decrease of 9.1% compared with April 2016, primarily due to decreased intermodal and coal and coke traffic, partially offset by increased minerals and stone traffic. The decrease was primarily due to lower U.K. intermodal traffic resulting from fewer working days in April 2017 compared to April 2016 as well as the planned discontinuation of certain intermodal services in Continental Europe.

Read the article online at: https://www.drybulkmagazine.com/rail-barge/10052017/genesee-wyoming-reports-traffic-for-april-2017/