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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Genesee and Wyoming Inc | NYSE:GWR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 111.88 | 0 | 01:00:00 |
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for July 2017.
G&W’s traffic in July 2017 was 277,140 carloads, an increase of 34,190 carloads, or 14.1%, compared with July 2016. G&W’s same-railroad traffic in July 2017 was 239,365 carloads, a decrease of 3,585 carloads, or 1.5%, compared with July 2016.
The table below sets forth summary total carloads by segment for July 2017 and July 2016.
Segment July 2017 July 2016 Change % Change North American Operations 133,822 131,140 2,682 2.0% Australian Operations(1) 52,328 15,099 37,229 NM U.K./European Operations 90,990 96,711 (5,721) (5.9%) Total G&W Operations 277,140 242,950 34,190 14.1% Carloads from New Railroads 37,775 Same-railroad carloads 239,365 242,950 (3,585) (1.5%) (1) 51.1% owned by G&W as of December 1, 2016.July 2017 Highlights by Segment
The table below sets forth North American Operations carload information for July 2017 and July 2016 by commodity group.
North American Operations: July 2017 July 2016 Change % Change Agricultural Products 15,323 18,974 (3,651) (19.2%) Autos & Auto Parts 2,521 2,008 513 25.5% Chemicals & Plastics 14,564 14,007 557 4.0% Coal & Coke 21,090 20,047 1,043 5.2% Food & Kindred Products 4,499 4,782 (283) (5.9%) Intermodal 1,001 - 1,001 NM Lumber & Forest Products 11,847 11,309 538 4.8% Metallic Ores 1,534 1,425 109 7.6% Metals 10,419 9,240 1,179 12.8% Minerals & Stone 18,518 17,938 580 3.2% Petroleum Products 8,483 8,120 363 4.5% Pulp & Paper 14,511 14,094 417 3.0% Waste 5,103 4,518 585 12.9% Other 4,409 4,678 (269) (5.8%) Total carloads 133,822 131,140 2,682 2.0% Carloads from New Railroads(1) 3,931 Same-railroad carloads 129,891 131,140 (1,249) (1.0%)
(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 months include P&W and HOG. These railroads contributed 468 carloads of chemicals & plastics traffic, 1,001 carloads of intermodal traffic, 406 carloads of lumber & forest products traffic, 1,092 carloads of minerals & stone traffic, 183 carloads of waste traffic and 781 carloads from all other commodities.
The following highlights relate to North American same-railroad traffic, excluding traffic from P&W, which was acquired on November 1, 2016, and HOG, which was acquired on May 31, 2017.
The table below sets forth carload information for G&W’s 51.1% owned Australian Operations for July 2017 and July 2016 by commodity group.
Australian Operations(1): July 2017 July 2016 Change % Change Agricultural Products 5,163 2,984 2,179 73.0% Coal & Coke 33,844 - 33,844 NM Intermodal 5,396 5,315 81 1.5% Metallic Ores 3,287 1,942 1,345 69.3% Minerals & Stone 4,607 4,832 (225) (4.7%) Petroleum Products 31 26 5 19.2% Total carloads 52,328 15,099 37,229 NM Carloads from New Railroads(2) 33,844 Same-railroad carloads 18,484 15,099 3,385 22.4%(1) 51.1% owned by G&W as of December 1, 2016. (2) Total carloads from GRail, which was acquired on December 1, 2016 and contributed 33,844 carloads of coal & coke traffic.
The following highlights relate to Australian same-railroad traffic, excluding traffic from GRail, which was acquired on December 1, 2016.
The table below sets forth U.K./European Operations carload information for July 2017 and July 2016 by commodity group.
U.K./European Operations: July 2017 July 2016 Change % Change Agricultural Products 108 186 (78) (41.9%) Coal & Coke 925 2,854 (1,929) (67.6%) Intermodal 73,276 79,209 (5,933) (7.5%) Minerals & Stone 16,681 14,462 2,219 15.3% Total carloads 90,990 96,711 (5,721) (5.9%)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 worldwide that are organized in 10 operating regions with approximately 8,000 employees and 3,000 customers.
G&W subsidiaries provide rail service at more than 40 major ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.
For more information, visit gwrr.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170811005034/en/
Genesee & Wyoming Inc.Thomas D. Savage, 1-203-202-8900Senior Vice President – Corporate Development & TreasurerWeb Site: http://www.gwrr.com
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