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Genesee & Wyoming reports traffic for January 2017

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Dry Bulk,


G&W’s traffic in January 2017 was 278 268 carloads, an increase of 59 837 carloads, or 27.4%, compared with January 2016. G&W’s same-railroad traffic in January 2017 was 240 801 carloads, an increase of 22 370 carloads, or 10.2%, compared with January 2016.

January 2017 highlights by Segment

  • North American operations: Traffic in January 2017 was 138 551 carloads, an increase of 11.4% compared with January 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 9.1%, primarily due to increased coal and coke, agricultural products and minerals and stone traffic.
  • Australian operations: Traffic in January 2017 was 51 977 carloads, including carloads from the Glencore Rail (GRail) acquisition, which closed on 1 December, 2016. On a same-railroad basis, Australian traffic increased 14.7%, primarily due to increased agricultural products and metallic ores 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 January 2017 was 87 740 carloads, an increase of 11.2% compared with January 2016, primarily due to increased intermodal traffic.

North America

The following highlights relate to North American same-railroad traffic, excluding traffic from P&W, which was acquired on 1 November, 2016:

  • Coal and coke traffic increased 4008 carloads, or 21.8%, primarily due to increased shipments of utility coal in G&W’s Midwest Region.
  • Agricultural products traffic increased 2 164 carloads, or 12.3%, primarily due to increased shipments in G&W’s Central, Mountain West and Midwest regions.
  • Minerals & stone traffic increased 2 127 carloads, or 16.5%, primarily due to increased shipments of rock salt in G&W’s Northeast Region.
  • All remaining traffic increased by a net 3 037 carloads.

Australia

The following highlights relate to Australian same-railroad traffic, excluding traffic from GRail, which was acquired on 1 December, 2016:

  • Agricultural products traffic increased 1159 carloads, or 28.7%, primarily due to the start of the 2016/2017 harvest.
  • Metallic ores traffic increased 1082 carloads primarily due to the short-term re-opening of an iron ore mine.
  • All remaining traffic decreased by a net 27 carloads.

UK

  • Intermodal traffic increased by 7804 carloads, or 11.6%, primarily in the U.K. and continental Europe.
  • All remaining traffic increased by a net 1016 carloads.

Read the article online at: https://www.drybulkmagazine.com/rail-barge/15022017/genesee-wyoming-reports-traffic-for-january-2017/


 

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