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13.06.2018 22:30:00
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Genesee & Wyoming Reports Traffic for May 2018
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for May 2018.
G&W’s traffic in May 2018 was 293,096 carloads, an increase of 18,042 carloads, or 6.6%, compared with May 2017. G&W’s same-railroad traffic in May 2018 was 292,371 carloads, an increase of 17,317 carloads, or 6.3%, compared with May 2017.
G&W’s traffic in the second quarter of 2018 through May was 563,197 carloads, an increase of 27,703 carloads, or 5.2%, compared with the second quarter of 2017 through May. G&W’s same-railroad traffic in the second quarter of 2018 through May was 561,954 carloads, an increase of 26,460, or 4.9%, compared with the second quarter of 2017 through May.
The table below sets forth summary total carloads by segment.
| Segment | May 2018 | May 2017 | Change |
% |
|||||||||
| North American Operations | 151,078 | 132,306 | 18,772 | 14.2% | |||||||||
| Australian Operations(1) | 51,249 | 50,570 | 679 | 1.3% | |||||||||
| U.K./European Operations | 90,769 | 92,178 | (1,409) | (1.5%) | |||||||||
| Total G&W Operations | 293,096 | 275,054 | 18,042 | 6.6% | |||||||||
| Carloads from New Railroads | 725 | ||||||||||||
| Same-railroad carloads | 292,371 | 275,054 | 17,317 | 6.3% | |||||||||
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(1) 51.1% owned by G&W. |
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Highlights by Segment
- North American Operations: Traffic in May 2018 was 151,078 carloads, an increase of 14.2% compared with May 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 increased 13.6%, primarily due to coal & coke, metals and minerals & stone traffic.
- Australian Operations: Traffic in May 2018 was 51,249 carloads, an increase of 1.3% compared with May 2017, primarily due to increased minerals & stone traffic, partially offset by decreased metallic ores and intermodal traffic. Carload information for G&W’s 51.1% owned Australian Operations is presented on a 100% basis.
- U.K./European Operations: Traffic in May 2018 was 90,769 carloads, a decrease of 1.5% compared with May 2017, primarily due to decreased intermodal traffic in the U.K., partially offset by increased minerals & stone traffic in the U.K.
The table below sets forth North American Operations carload information by commodity group.
| North American Operations: | May 2018 | May 2017 | Change | % Change | |||||||||
| Agricultural Products | 18,586 | 18,238 | 348 | 1.9% | |||||||||
| Autos & Auto Parts | 3,078 | 2,947 | 131 | 4.4% | |||||||||
| Chemicals & Plastics | 16,472 | 15,533 | 939 | 6.0% | |||||||||
| Coal & Coke | 20,076 | 12,626 | 7,450 | 59.0% | |||||||||
| Food & Kindred Products | 5,344 | 5,041 | 303 | 6.0% | |||||||||
| Intermodal | 1,198 | 697 | 501 | 71.9% | |||||||||
| Lumber & Forest Products | 13,171 | 11,908 | 1,263 | 10.6% | |||||||||
| Metallic Ores | 1,587 | 1,415 | 172 | 12.2% | |||||||||
| Metals | 13,930 | 11,753 | 2,177 | 18.5% | |||||||||
| Minerals & Stone | 22,000 | 19,883 | 2,117 | 10.6% | |||||||||
| Petroleum Products | 8,531 | 7,890 | 641 | 8.1% | |||||||||
| Pulp & Paper | 14,652 | 13,510 | 1,142 | 8.5% | |||||||||
| Waste | 5,367 | 5,174 | 193 | 3.7% | |||||||||
| Other | 7,086 | 5,691 | 1,395 | 24.5% | |||||||||
| Total carloads | 151,078 | 132,306 | 18,772 | 14.2% | |||||||||
| Carloads from New Railroads(1) | 725 | ||||||||||||
| Same-railroad carloads | 150,353 | 132,306 | 18,047 | 13.6% |
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(1) Total carloads from HOG, which contributed 373 carloads of lumber & forest products traffic and 352 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.
- Coal & coke traffic increased 7,450 carloads, or 59.0%, due to increased shipments in most of G&W’s North American regions, led by the Central Region in part due to a maintenance outage at a customer facility in May 2017.
- Metals traffic increased 2,177 carloads, or 18.5%, primarily due to increased shipments of scrap steel and pig iron in G&W’s Southern Region and scrap steel in G&W’s Midwest Region.
- Minerals & stone traffic increased 2,117 carloads, or 10.6%, primarily due to increased shipments of cement, frac sand and construction aggregates in most of G&W’s North American regions.
- All remaining traffic increased by a net 6,303 carloads.
The table below sets forth carload information for G&W’s 51.1% owned Australian Operations by commodity group.
| Australian Operations(1): | May 2018 | May 2017 | Change |
% |
|||||||||
| Agricultural Products | 4,972 | 5,380 | (408) | (7.6%) | |||||||||
| Coal & Coke | 33,822 | 33,308 | 514 | 1.5% | |||||||||
| Intermodal | 4,855 | 5,534 | (679) | (12.3%) | |||||||||
| Metallic Ores | 1,806 | 3,222 | (1,416) | (43.9%) | |||||||||
| Minerals & Stone | 5,773 | 3,102 | 2,671 | 86.1% | |||||||||
| Petroleum Products | 21 | 24 | (3) | (12.5%) | |||||||||
| Total carloads | 51,249 | 50,570 | 679 | 1.3% | |||||||||
|
(1) 51.1% owned by G&W. |
- Minerals & stone traffic increased 2,671, or 86.1%, primarily due to a maintenance outage at a customer facility in May 2017.
- Metallic ores traffic decreased 1,416 carloads, or 43.9%, primarily due to the planned, temporary shutdown of an iron ore mine in October 2017.
- Intermodal traffic decreased 679 carloads, or 12.3% primarily due to a change in logistics patterns for a consumer products customer as well as non-recurring project traffic in May 2017.
- All remaining traffic increased by a net 103 carloads.
The table below sets forth U.K./European Operations carload information by commodity group.
| U.K./European Operations: | May 2018 | May 2017 | Change |
% |
|||||||||
| Agricultural Products | 217 | 257 | (40) | (15.6%) | |||||||||
| Coal & Coke | 1,562 | 1,450 | 112 | 7.7% | |||||||||
| Intermodal | 71,968 | 75,067 | (3,099) | (4.1%) | |||||||||
| Minerals & Stone | 17,022 | 15,404 | 1,618 | 10.5% | |||||||||
| Total carloads | 90,769 | 92,178 | (1,409) | (1.5%) | |||||||||
- Intermodal traffic decreased 3,099 carloads, or 4.1%, primarily due to decreased shipments in the U.K.
- Minerals & stone traffic increased 1,618 carloads, or 10.5%, primarily due to increased shipments in the U.K.
- All remaining traffic increased by a net 72 carloads.
Second Quarter of 2018 Through May
The table below sets forth summary total carloads by segment.
| Segment |
QTD May |
QTD May |
Change |
% |
|||||||||
| North American Operations | 287,016 | 261,393 | 25,623 | 9.8% | |||||||||
| Australian Operations(1) | 99,478 | 100,091 | (613) | (0.6%) | |||||||||
| U.K./European Operations | 176,703 | 174,010 | 2,693 | 1.5% | |||||||||
| Total G&W Operations | 563,197 | 535,494 | 27,703 | 5.2% | |||||||||
| Carloads from New Railroads | 1,243 | ||||||||||||
| Same-railroad carloads | 561,954 | 535,494 | 26,460 | 4.9% | |||||||||
|
(1) 51.1% owned by G&W. |
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The table below sets forth North American Operations carload information by commodity group.
| North American Operations: |
QTD May |
QTD May |
Change | % Change | |||||||||
| Agricultural Products | 35,640 | 35,623 | 17 | 0.0% | |||||||||
| Autos & Auto Parts | 6,160 | 6,070 | 90 | 1.5% | |||||||||
| Chemicals & Plastics | 30,761 | 30,455 | 306 | 1.0% | |||||||||
| Coal & Coke | 39,105 | 28,988 | 10,117 | 34.9% | |||||||||
| Food & Kindred Products | 10,225 | 9,895 | 330 | 3.3% | |||||||||
| Intermodal | 2,564 | 1,392 | 1,172 | 84.2% | |||||||||
| Lumber & Forest Products | 25,445 | 23,724 | 1,721 | 7.3% | |||||||||
| Metallic Ores | 3,005 | 2,785 | 220 | 7.9% | |||||||||
| Metals | 26,447 | 23,124 | 3,323 | 14.4% | |||||||||
| Minerals & Stone | 41,051 | 36,735 | 4,316 | 11.7% | |||||||||
| Petroleum Products | 16,094 | 15,433 | 661 | 4.3% | |||||||||
| Pulp & Paper | 27,731 | 26,318 | 1,413 | 5.4% | |||||||||
| Waste | 9,812 | 9,312 | 500 | 5.4% | |||||||||
| Other | 12,976 | 11,539 | 1,437 | 12.5% | |||||||||
| Total carloads | 287,016 | 261,393 | 25,623 | 9.8% | |||||||||
| Carloads from New Railroads(1) | 1,243 | ||||||||||||
| Same-railroad carloads | 285,773 | 261,393 | 24,380 | 9.3% |
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(1) Total carloads from HOG, which contributed 676 carloads of lumber & forest products traffic and 567 carloads from all other commodities. |
The table below sets forth carload information for G&W’s 51.1% owned Australian Operations by commodity group.
| Australian Operations(1): |
QTD May |
QTD May |
Change |
% |
|||||||||
| Agricultural Products | 10,032 | 10,203 | (171) | (1.7%) | |||||||||
| Coal & Coke | 65,198 | 65,323 | (125) | (0.2%) | |||||||||
| Intermodal | 9,121 | 10,069 | (948) | (9.4%) | |||||||||
| Metallic Ores | 3,692 | 5,880 | (2,188) | (37.2%) | |||||||||
| Minerals & Stone | 11,391 | 8,574 | 2,817 | 32.9% | |||||||||
| Petroleum Products | 44 | 42 | 2 | 4.8% | |||||||||
| Total carloads | 99,478 | 100,091 | (613) | (0.6%) | |||||||||
|
(1) 51.1% owned by G&W. |
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The table below sets forth U.K./European Operations carload information by commodity group.
| U.K./European Operations: |
QTD May |
QTD May |
Change |
% |
|||||||||
| Agricultural Products | 363 | 570 | (207) | (36.3%) | |||||||||
| Coal & Coke | 2,813 | 3,374 | (561) | (16.6%) | |||||||||
| Intermodal | 140,178 | 141,532 | (1,354) | (1.0%) | |||||||||
| Minerals & Stone | 33,349 | 28,534 | 4,815 | 16.9% | |||||||||
| Total carloads | 176,703 | 174,010 | 2,693 | 1.5% | |||||||||
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180613006206/en/
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