DARIEN, Conn.–(BUSINESS WIRE)–Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for January 2016.
G&W’s traffic in January 2016 was 218,431 carloads, an increase of 51,082 carloads, or 30.5%, compared with January 2015. G&W’s same-railroad traffic in January 2016 was 139,511 carloads, a decrease of 27,838 carloads, or 16.6%, compared with January 2015.
The table below sets forth summary total carloads by segment for January 2016 and January 2015.
|North American Operations||124,416||149,215||(24,799)||(16.6%)|
|Total G&W Operations||218,431||167,349||51,082||30.5%|
|(1) Operations from the Freightliner Group acquired on March 25, 2015|
January 2016 Highlights by Segment
The table below sets forth North American Operations carload information for January 2016 and January 2015 by commodity group.
|North American Operations:||
|Autos & Auto Parts||1,800||2,290||(490)||(21.4%)|
|Chemicals & Plastics||14,139||15,509||(1,370)||(8.8%)|
|Coal & Coke||18,399||31,012||(12,613)||(40.7%)|
|Food & Kindred Products||4,710||5,304||(594)||(11.2%)|
|Lumber & Forest Products||10,840||10,951||(111)||(1.0%)|
|Minerals & Stone||12,915||16,176||(3,261)||(20.2%)|
|Pulp & Paper||14,707||15,228||(521)||(3.4%)|
The table below sets forth Australian Operations carload information for January 2016 and January 2015 by commodity group.
|Minerals & Stone||5,816||4,902||914||18.6%|
The decrease in Australian Operations traffic was primarily due to reduced metallic ores shipments from previously disclosed closures of customer iron ore and manganese mines in 2015.
The table below sets forth U.K./European Operations carload information for January 2016 by commodity group.
|Coal & Coke||4,033|
|Lumber & Forest Products||45|
|Minerals & Stone||7,532|
Traffic volumes in the U.K./Europe operating segment include operations from Freightliner. G&W’s existing European operations are not reported as freight revenues and therefore are not included in this traffic report. As a result, there is no traffic information provided for the comparative period in the prior year for this segment.
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, income from operations or net income.
G&W’s three reportable segments are summarized as follows:
Genesee & Wyoming owns or leases 120 freight railroads worldwide that are organized in 11 operating regions with 7,500 employees and more than 2,500 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.