Individual.com logo
  For free personalized news click here!
Select a date:

Newsdesks
Top World News
Business
Finance
Internet
Computing
Environmental
Energy
Healthcare
Industry News, A-Z
Sports
Telecom
Transportation
Table bottom

Top Topics
No top stories
Table bottom

Top Topics
Alternative Energy
Financial Services & Investing
Economic Indicators
Labor
Commodities & Futures
International and US Foreign Trade
Obesity, Weight Control & Nutrition
Aerospace & Defense
Crime & Law Enforcement
Hospital Industry
Table bottom


39469 50863


Genesee & Wyoming Reports Traffic for January 2018

DARIEN, Conn., Feb 14, 2018 (BUSINESS WIRE) --

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for January 2018.

G&W's traffic in January 2018 was 277,131 carloads, a decrease of 1,137 carloads, or 0.4%, compared with January 2017. G&W's same-railroad traffic in January 2018 was 276,630 carloads, a decrease of 1,638 carloads, or 0.6%, compared with January 2017.

The table below sets forth summary total carloads by segment for January 2018 and January 2017.

Segment                            January     January     Change               %
                                                                                             2018                                              2017                                                                                                     Change
                                                                                           -------                                           -------                                           -------                                           --------------------
North American Operations                                                                  136,199                                           138,551                                           (2,352)                                                         (1.7%)
Australian Operations(1)                                                                    49,276                                            51,977                                           (2,701)                                                         (5.2%)
U.K./European Operations                                                                    91,656                                            87,740                                             3,916                                                           4.5%
                                                                                           -------                                           -------                                           -------
Total G&W Operations                                                                       277,131                                           278,268                                           (1,137)                                                         (0.4%)
Carloads from New Railroads                                                                    501
                                                                                           -------
Same-railroad carloads                                                                     276,630                                           278,268                                           (1,638)                                                         (0.6%)
                                                                                           =======                                           =======                                           =======
(1) 51.1% owned by G&W.
                                                                                                                                                                                                                                                  

January 2018 Highlights by Segment

-- North American Operations: Traffic in January 2018 was 136,199 carloads, a decrease of 1.7% compared with January 2017, including carloads from the Heart of Georgia Railroad, Inc. (HOG), which was acquired on May 31, 2017. On a same-railroad basis, North American traffic decreased 2.1%, primarily due to decreased agricultural products and chemicals & plastics traffic.

-- Australian Operations: Traffic in January 2018 was 49,276 carloads, a decrease of 5.2% compared with January 2017, primarily due to decreased agricultural products and coal & coke traffic. Carload information for G&W's 51.1% owned Australian Operations is presented on a 100% basis.

-- U.K./European Operations: Traffic in January 2018 was 91,656 carloads, an increase of 4.5% compared with January 2017, primarily due to increased minerals & stone traffic in Poland and the U.K., partially offset by decreased coal & coke traffic in the U.K.

The table below sets forth North American Operations carload information for January 2018 and January 2017 by commodity group.

North American Operations:            January     January     Change     % Change
                                                                                                2018                                              2017
                                                                                              -------                                           -------                                           -------                                           --------
Agricultural Products                                                                          18,604                                            19,894                                           (1,290)                                             (6.5%)
Autos & Auto Parts                                                                              3,091                                             2,757                                               334                                              12.1%
Chemicals & Plastics                                                                           14,582                                            15,835                                           (1,253)                                             (7.9%)
Coal & Coke                                                                                    21,560                                            22,407                                             (847)                                             (3.8%)
Food & Kindred Products                                                                         5,307                                             4,976                                               331                                               6.7%
Intermodal                                                                                      1,050                                               509                                               541                                                 NM
Lumber & Forest Products                                                                       12,098                                            10,682                                             1,416                                              13.3%
Metallic Ores                                                                                   1,435                                             1,741                                             (306)                                            (17.6%)
Metals                                                                                         11,862                                            11,728                                               134                                               1.1%
Minerals & Stone                                                                               14,957                                            15,475                                             (518)                                             (3.3%)
Petroleum Products                                                                              9,170                                             9,211                                              (41)                                             (0.4%)
Pulp & Paper                                                                                   14,052                                            13,971                                                81                                               0.6%
Waste                                                                                           3,921                                             3,885                                                36                                               0.9%
Other                                                                                           4,510                                             5,480                                             (970)                                            (17.7%)
                                                                                              -------                                           -------                                           -------
Total carloads                                                                                136,199                                           138,551                                           (2,352)                                             (1.7%)
Carloads from New Railroads(1)                                                                    501
                                                                                              -------
Same-railroad carloads                                                                        135,698                                           138,551                                           (2,853)                                             (2.1%)
                                                                                              =======                                           =======                                           =======
(1) Total carloads from HOG, which contributed 410 carloads of
lumber & forest products traffic, and 91 carloads from all other
commodities.
 

The following highlights relate to North American same-railroad traffic, excluding traffic from HOG, which was acquired on May 31, 2017.

-- Agricultural products traffic decreased 1,325 carloads, or 6.7%, primarily due to decreased soybean meal shipments in G&W's Western Region and decreased shipments of dried distillers' grains (DDGs) in G&W's Midwest Region.

-- Chemicals & plastics traffic decreased 1,306 carloads, or 8.2%, primarily due to decreased shipments of ethanol in G&W's Midwest region and industrial chemicals in G&W's Northeast region.

-- All remaining traffic decreased by a net 222 carloads.

The table below sets forth carload information for G&W's 51.1% owned Australian Operations for January 2018 and January 2017 by commodity group.

Australian Operations(1):        January     January     Change               %
                                                                                           2018                                              2017                                                                                                     Change
                                                                                         -------                                           -------                                           -------                                           --------------------
Agricultural Products                                                                      3,887                                             5,202                                           (1,315)                                                        (25.3%)
Coal & Coke                                                                               33,811                                            34,668                                             (857)                                                         (2.5%)
Intermodal                                                                                 4,358                                             4,460                                             (102)                                                         (2.3%)
Metallic Ores                                                                              1,665                                             1,898                                             (233)                                                        (12.3%)
Minerals & Stone                                                                           5,543                                             5,737                                             (194)                                                         (3.4%)
Petroleum Products                                                                            12                                                12                                                 -                                                              -
                                                                                         -------                                           -------                                           -------
Total carloads                                                                            49,276                                            51,977                                           (2,701)                                                         (5.2%)
                                                                                         =======                                           =======                                           =======
(1) 51.1% owned by G&W.
                                                                                                                                                                                                                                                

-- Agricultural products traffic decreased 1,315 carloads, or 25.3%, primarily due to a lower 2017-18 harvest in South Australia.

-- Coal & coke traffic, which operates primarily under a take-or-pay contract structure, decreased 857 carloads, or 2.5%.

-- All remaining traffic decreased by a net 529 carloads.

The table below sets forth U.K./European Operations carload information for January 2018 and January 2017 by commodity group.

U.K./European Operations:        January     January     Change               %
                                                                                           2018                                              2017                                                                                                     Change
                                                                                         -------                                           -------                                           -------                                           --------------------
Agricultural Products                                                                        286                                               562                                             (276)                                                        (49.1%)
Coal & Coke                                                                                2,186                                             4,091                                           (1,905)                                                        (46.6%)
Intermodal                                                                                75,436                                            75,049                                               387                                                           0.5%
Minerals & Stone                                                                          13,748                                             8,038                                             5,710                                                          71.0%
                                                                                         -------                                           -------                                           -------
Total carloads                                                                            91,656                                            87,740                                             3,916                                                           4.5%
                                                                                         =======                                           =======                                           =======
                                                                                                                                                                                                                                                

-- Minerals & stone traffic increased 5,710 carloads, or 71.0%, primarily due to increased shipments in Poland and the U.K.

-- Coal & coke traffic decreased 1,905 carloads, or 46.6%, primarily due to decreased shipments in the U.K.

-- All remaining traffic increased by a net 111 carloads.

Other

The term carload represents physical railcars and estimated railcar equivalents of commodities for which G&W is paid on a metric ton or other measure to move freight, as well as intermodal units.

Historically, G&W has found that traffic information may be indicative of freight revenues on its railroads. Freight revenues are revenues for which G&W is paid on a per car, per container or per metric ton basis to move freight. Activities such as railcar switching, port terminal shunting, traction services and other similar freight-related services are excluded from our traffic information as the resulting revenues are not classified as freight revenue. Traffic information may not be indicative of total operating revenues, operating expenses, operating income or net income. Please refer to the documents G&W files from time to time with the Securities and Exchange Commission, such as its Form 10-Q and 10-K, which contain additional information on G&W's freight traffic and segment reporting.

About G&W

G&W owns or leases 122 freight railroads organized in nine locally managed operating regions with 8,000 employees serving 3,000 customers.

-- G&W's seven North American regions serve 41 U.S. states and four Canadian provinces and include 115 short line and regional freight railroads with more than 13,000 track-miles.

-- G&W's Australia Region serves New South Wales, the Northern Territory and South Australia and operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by G&W and 48.9% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.

-- G&W's UK/Europe Region includes the U.K.'s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.

G&W subsidiaries and joint ventures also provide rail service at more than 40 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, contract coal loading, and industrial railcar switching and repair.

For more information, visit gwrr.com.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20180214005466r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20180214005466/en/

SOURCE: Genesee & Wyoming Inc.

Genesee & Wyoming Inc. 
Thomas D. Savage, 1-203-202-8900 
Senior Vice President - Corporate Development & Treasurer 
http://www.gwrr.com


Copyright Business Wire 2018 ********************************************************************** As of Saturday, 02-10-2018 23:59, the latest Comtex SmarTrendĀ® Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-17-2012 for GWR @ $52.05. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright Ā© 2004-2018 Comtex News Network, Inc. All rights reserved.
News Provided by

...

Home Help My Settings Privacy Policy Terms of Service Advertising About Us Contact Us Logout

Copyright , Individual.com. No redistribution allowed.