Genesee & Wyoming reports increased bulk traffic

G&W’s same-railroad traffic in September 2017 was 235 175 carloads, a decrease of 9621 carloads, or 3.9%, compared with September 2016.

G&W’s traffic in the third quarter of 2017 was 814 128 carloads, an increase of 74 314 carloads, or 10.0%, compared with the third quarter of 2016.

G&W’s same-railroad traffic in the third quarter of 2017 was 719 620 carloads, a decrease of 20 194 carloads, or 2.7%, compared with the third quarter of 2016.

September 2017 highlights by segment

North American Operation

• Traffic in September 2017 was 132 654 carloads, an increase of 0.2% compared with September 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 3.2%, primarily due to decreased coal and coke and agricultural products traffic.

U.K./European Operations

• Traffic in September 2017 was 95 310 carloads, a decrease of 3.1% compared with September 2016, primarily due to decreased intermodal traffic in Continental Europe and lower U.K. coal and coke traffic, partially offset by increased minerals & stone traffic.

Australian operations

• Traffic in September 2017 was 31 552 carloads, including carloads from the Glencore Rail (GRail) acquisition, which closed on 1 December, 2016. Coal & Coke traffic, which operates primarily under a take or pay contract structure, was negatively affected in September 2017 by industrial action at Hunter Valley coal mines. On a same-railroad basis, Australian traffic decreased 16.6%, primarily due to decreased minerals and stone traffic as a result of an expected outage at a customer port facility, partially offset by 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.
• Australian Coal & Coke traffic, which operates primarily under a take or pay contract structure, was negatively affected in September 2017 by industrial action at Hunter Valley coal mines.

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

• Minerals & stone traffic decreased 4096 carloads, or 82.3%, primarily due to an expected outage at a customer port facility.
• Metallic ores traffic increased 923 carloads, or 72.8%, primarily due to the re-opening of a manganese mine in March 2017.
• Agricultural products traffic increased 881 carloads, or 30.4%, primarily due to a stronger harvest in 2017.
• All remaining traffic decreased by a net 39 carloads.

Read the article online at: https://www.drybulkmagazine.com/shipping/13102017/genesee-wyoming-reports-increased-bulk-traffic/