Genesee & Wyoming reports increased bulk traffic

G&W’s traffic in the second quarter of 2017 was 810 082 carloads, an increase of 103 166 carloads, or 14.6%, compared with the second quarter of 2016. G&W’s same-railroad traffic in the second quarter of 2017 was 705 940 carloads, a decrease of 976 carloads, or 0.1%, compared with the second quarter of 2016.

June 2017 highlights by segment

• North American Operations: Traffic in June 2017 was 135 654 carloads, an increase of 3.3% compared with June 2016, including carloads from the Providence and Worcester Railroad Company (P&W) acquisition, which closed on 1 November, 2016, and the Heart of Georgia Railroad, Inc. (HOG), which closed on 31 May, 2017. On a same-railroad basis, North American traffic decreased 0.1%.
• Australian Operations: Traffic in June 2017 was 45 998 carloads, including carloads from the Glencore Rail (GRail) acquisition, which closed on 1 December, 2016. On a same-railroad basis, Australian traffic increased 31.4%, 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 June 2017 was 92 936 carloads, a decrease of 5.8% compared with June 2016, primarily due to decreased intermodal and coal and metallurgical traffic, partially offset by increased minerals and stone traffic.

The following highlights relate to North American same-railroad traffic, excluding traffic from P&W, which was acquired on 1 November, 2016, and HOG, which was acquired on May 31, 2017.

• Minerals & stone increased 804 carloads, or 4.5%, primarily due to increased shipments of construction aggregates in G&W’s Central Region.
• All remaining traffic decreased by a net 977 carloads.

The table below sets forth carload information for G&W’s 51.1% owned Australian Operations for June 2017 and June 2016 by commodity group.

Read the article online at: https://www.drybulkmagazine.com/rail-barge/17072017/genesee-wyoming-reports-increased-bulk-traffic/