Genesee & Wyoming reports traffic for May 2017

G&W’s traffic in the second quarter of 2017 through May was 535 494 carloads, an increase of 72 775 carloads, or 15.7%, compared with the second quarter of 2016 through May. G&W’s same-railroad traffic in the second quarter of 2017 through May was 463,177 carloads, an increase of 458 carloads, or 0.1%, compared with the second quarter of 2016 through May.

May 2017 Highlights North American Operations: Traffic in May 2017 was 132,306 carloads, an increase of 1.8% compared with May 2016, including carloads from the Providence and Worcester Railroad Company (P&W) acquisition, which closed on November 1, 2016. On a same-railroad basis, North American traffic decreased 1.1%, primarily due to decreased coal and coke, metals and petroleum products traffic, partially offset by increased minerals & stone and agricultural products traffic.

• Australian Operations: Traffic in May 2017 was 50 570 carloads, including carloads from the Glencore Rail (GRail) acquisition, which closed on December 1, 2016. On a same-railroad basis, Australian traffic increased 15.3%, primarily due to increased metallic ores and agricultural products traffic, partially offset by decreased minerals & stone 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 May 2017 was 92,178 carloads, an increase of 4.9% compared with May 2016, primarily due to increased minerals & stone and intermodal traffic, partially offset by decreased coal and coke traffic.

Read the article online at: https://www.drybulkmagazine.com/rail-barge/13062017/genesee-wyoming-reports-traffic-for-may-2017/