313
0 Kommentare
Genesee & Wyoming Reports Traffic for December 2018
313 
0 KommentareGenesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for December 2018.
G&W’s total traffic in December 2018 was 242,846 carloads, a decrease of 12,353 carloads, or 4.8%, compared with December 2017. G&W’s same railroad traffic in December 2018 decreased 1,677 carloads, or 0.7%, compared with G&W’s traffic in December 2017, excluding carloads from G&W’s former Continental European intermodal business (ERS), which was sold in June 2018, and short line lease expirations in Canada in the fourth quarter of 2018.
G&W’s traffic in the fourth quarter of 2018 was 788,926 carloads, a decrease of 13,502 carloads, or 1.7%, compared with the fourth quarter of 2017. G&W’s same railroad traffic in the fourth quarter of 2018 increased 16,905 carloads, or 2.2%, compared with the fourth quarter of 2017.
The table below sets forth summary total carloads by segment.
| Segment |
December |
December |
Change |
% |
|||||||||
| North American Operations | 136,797 | 127,904 | 8,893 | 7.0% | |||||||||
| Australian Operations(1) | 45,092 | 47,465 | (2,373) | (5.0%) | |||||||||
| U.K./European Operations | 60,957 | 79,830 | (18,873) | (23.6%) | |||||||||
| Total G&W Operations | 242,846 | 255,199 | (12,353) | (4.8%) | |||||||||
| Carloads From Divested Operations(2) | - | 10,676 | (10,676) | NM | |||||||||
| Same Railroad Carloads | 242,846 | 244,523 | (1,677) | (0.7%) |
| (1) 51.1% owned by G&W. |
| (2) Includes 8,933 carloads from ERS, which was sold in June 2018, and 1,743 carloads two Canadian short line lease expirations in the fourth quarter of 2018, Goderich-Exeter Railway (GEXR) and Southern Ontario Railway (SOR). |
Highlights by Segment
- North American Operations: Traffic in December 2018 was 136,797 carloads, an increase of 7.0% compared with December 2017. Excluding traffic from short line lease expirations in Canada, traffic in December 2018 increased 8.4% compared with same railroad traffic in December 2017, primarily due to increased coal & coke, metals and petroleum products traffic.
- Australian Operations: Traffic in December 2018 was 45,092 carloads, a decrease of 5.0% compared with December 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 December 2018 was 60,957 carloads, a decrease of 23.6% compared with December 2017. Excluding traffic from ERS, traffic in December 2018 decreased 14.0% compared with same railroad traffic in December 2017, primarily due to decreased intermodal traffic in the U.K. and minerals and stone traffic in the U.K. and Poland.
The table below sets forth North American Operations carload information by commodity group.
| North American Operations: |
December |
December |
Change |
% |
|||||||||
| Agricultural Products | 16,534 | 17,153 | (619) | (3.6%) | |||||||||
| Autos & Auto Parts | 2,531 | 2,787 | (256) | (9.2%) | |||||||||
| Chemicals & Plastics | 13,918 | 13,640 | 278 | 2.0% | |||||||||
| Coal & Coke | 23,441 | 18,435 | 5,006 | 27.2% | |||||||||
| Food & Kindred Products | 4,663 | 4,871 | (208) | (4.3%) | |||||||||
| Intermodal | 1,369 | 815 | 554 | 68.0% | |||||||||
| Lumber & Forest Products | 10,765 | 11,723 | (958) | (8.2%) | |||||||||
| Metallic Ores | 1,055 | 1,250 | (195) | (15.6%) | |||||||||
| Metals | 12,649 | 10,567 | 2,082 | 19.7% | |||||||||
| Minerals & Stone | 15,043 | 14,929 | 114 | 0.8% | |||||||||
| Petroleum Products | 10,372 | 8,693 | 1,679 | 19.3% | |||||||||
| Pulp & Paper | 14,694 | 14,084 | 610 | 4.3% | |||||||||
| Waste | 4,520 | 3,858 | 662 | 17.2% | |||||||||
| Other | 5,243 | 5,099 | 144 | 2.8% | |||||||||
| Total Carloads | 136,797 | 127,904 | 8,893 | 7.0% | |||||||||
| Carloads From Divested Operations(1) | - | 1,743 | (1,743) | NM | |||||||||
| Same Railroad Carloads | 136,797 | 126,161 | 10,636 | 8.4% |
| (1) Total carloads from short line leases in Canada (GEXR and SOR), which expired in the fourth quarter of 2018. |
The following highlights relate to North American same railroad traffic:
- Coal & coke traffic increased 5,006 carloads, or 27.2%, primarily due to increased shipments in G&W’s Midwest and Central regions.
- Metals traffic increased 2,410 carloads, or 23.5%, primarily due to increased scrap and finished steel shipments in most G&W regions.
- Petroleum products traffic increased 1,819 carloads, or 21.3%, primarily due to increased shipments of liquid petroleum gases and natural gas liquids in G&W’s Western and Northeast regions.
- All remaining traffic increased by a net 1,401 carloads.
Lesen Sie auch
The table below sets forth carload information for G&W’s 51.1% owned Australian Operations by commodity group.
| Australian Operations(1): |
December |
December |
Change |
% |
|||||||||
| Agricultural Products | 2,067 | 3,234 | (1,167) | (36.1%) | |||||||||
| Coal & Coke | 31,013 | 31,940 | (927) | (2.9%) | |||||||||
| Intermodal | 4,695 | 5,076 | (381) | (7.5%) | |||||||||
| Metallic Ores | 2,070 | 1,752 | 318 | 18.2% | |||||||||
| Minerals & Stone | 5,227 | 5,441 | (214) | (3.9%) | |||||||||
| Petroleum Products | 20 | 22 | (2) | (9.1%) | |||||||||
| Total Carloads | 45,092 | 47,465 | (2,373) | (5.0%) |
| (1) 51.1% owned by G&W. |
- Agricultural products traffic decreased 1,167 carloads, or 36.1%, primarily due to a weaker 2018-2019 South Australia grain harvest.
- Coal & coke traffic decreased 927 carloads, or 2.9%, primarily due to decreased shipments in the Hunter Valley.
- All remaining traffic decreased by a net 279 carloads.
The table below sets forth U.K./European Operations carload information by commodity group.
| U.K./European Operations: |
December |
December |
Change |
% |
|||||||||
| Agricultural Products | 249 | 354 | (105) | (29.7%) | |||||||||
| Coal & Coke | 2,061 | 1,443 | 618 | 42.8% | |||||||||
| Intermodal | 46,261 | 63,412 | (17,151) | (27.0%) | |||||||||
| Minerals & Stone | 11,688 | 14,621 | (2,933) | (20.1%) | |||||||||
| Petroleum Products | 698 | - | 698 | NM | |||||||||
| Total Carloads | 60,957 | 79,830 | (18,873) | (23.6%) | |||||||||
| Carloads From Divested Operations(1) | - | 8,933 | (8,933) | NM | |||||||||
| Same Railroad Carloads | 60,957 | 70,897 | (9,940) | (14.0%) |
| (1) Total carloads from ERS, which was sold in June 2018. |
The following highlights relate to U.K./European same railroad traffic:
- Intermodal traffic in the U.K. decreased 8,218 carloads, or 15.1%, primarily due to service plan changes and temporary rail network outages.
- Minerals & stone traffic decreased 2,933 carloads, or 20.1%, primarily due to decreased aggregates shipments in the U.K. and Poland.
- All remaining traffic increased by a net 1,211 carloads.
Fourth Quarter of 2018
The table below sets forth summary total carloads by segment.
| Segment | Q4 2018 | Q4 2017 | Change |
% |
|||||||||
| North American Operations | 418,388 | 395,422 | 22,966 | 5.8% | |||||||||
| Australian Operations(1) | 134,127 | 132,999 | 1,128 | 0.8% | |||||||||
| U.K./European Operations | 236,411 | 274,007 | (37,596) | (13.7%) | |||||||||
| Total G&W Operations | 788,926 | 802,428 | (13,502) | (1.7%) | |||||||||
| Carloads From Divested Operations(2) | - | 30,407 | (30,407) | NM | |||||||||
| Same Railroad Carloads | 788,926 | 772,021 | 16,905 | 2.2% |
| (1) 51.1% owned by G&W. |
| (2) Includes 27,947 carloads from ERS, which was sold in June 2018, and 2,460 carloads from two Canadian short lines (GEXR and SOR) whose leases expired in the fourth quarter of 2018. |
The table below sets forth North American Operations carload information by commodity group.
| North American Operations: | Q4 2018 | Q4 2017 | Change |
% |
|||||||||
| Agricultural Products | 51,768 | 51,679 | 89 | 0.2% | |||||||||
| Autos & Auto Parts | 7,604 | 9,541 | (1,937) | (20.3%) | |||||||||
| Chemicals & Plastics | 43,381 | 43,041 | 340 | 0.8% | |||||||||
| Coal & Coke | 63,725 | 53,614 | 10,111 | 18.9% | |||||||||
| Food & Kindred Products | 15,129 | 15,216 | (87) | (0.6%) | |||||||||
| Intermodal | 4,318 | 2,525 | 1,793 | 71.0% | |||||||||
| Lumber & Forest Products | 34,043 | 35,836 | (1,793) | (5.0%) | |||||||||
| Metallic Ores | 3,991 | 4,085 | (94) | (2.3%) | |||||||||
| Metals | 38,321 | 32,392 | 5,929 | 18.3% | |||||||||
| Minerals & Stone | 51,179 | 53,552 | (2,373) | (4.4%) | |||||||||
| Petroleum Products | 29,709 | 24,593 | 5,116 | 20.8% | |||||||||
| Pulp & Paper | 42,886 | 41,041 | 1,845 | 4.5% | |||||||||
| Waste | 14,946 | 12,620 | 2,326 | 18.4% | |||||||||
| Other | 17,388 | 15,687 | 1,701 | 10.8% | |||||||||
| Total Carloads | 418,388 | 395,422 | 22,966 | 5.8% | |||||||||
| Carloads From Divested Operations(1) | - | 2,460 | (2,460) | NM | |||||||||
| Same Railroad Carloads | 418,388 | 392,962 | 25,426 | 6.5% |
| (1) Total carloads from short line leases in Canada (GEXR and SOR), which expired in the fourth quarter of 2018. |
The table below sets forth carload information for G&W’s 51.1% owned Australian Operations by commodity group.
| Australian Operations(1): | Q4 2018 | Q4 2017 | Change |
% |
|||||||||
| Agricultural Products | 3,532 | 8,105 | (4,573) | (56.4%) | |||||||||
| Coal & Coke | 92,717 | 88,306 | 4,411 | 5.0% | |||||||||
| Intermodal | 14,395 | 14,695 | (300) | (2.0%) | |||||||||
| Metallic Ores | 6,816 | 5,344 | 1,472 | 27.5% | |||||||||
| Minerals & Stone | 16,609 | 16,478 | 131 | 0.8% | |||||||||
| Petroleum Products | 58 | 71 | (13) | (18.3%) | |||||||||
| Total Carloads | 134,127 | 132,999 | 1,128 | 0.8% |
| (1) 51.1% owned by G&W. |
The table below sets forth U.K./European Operations carload information by commodity group.
| U.K./European Operations: | Q4 2018 | Q4 2017 | Change |
% |
|||||||||
| Agricultural Products | 1,105 | 1,323 | (218) | (16.5%) | |||||||||
| Coal & Coke | 5,319 | 4,070 | 1,249 | 30.7% | |||||||||
| Intermodal | 181,466 | 220,881 | (39,415) | (17.8%) | |||||||||
| Minerals & Stone | 46,233 | 47,733 | (1,500) | (3.1%) | |||||||||
| Petroleum Products | 2,288 | - | 2,288 | NM | |||||||||
| Total Carloads | 236,411 | 274,007 | (37,596) | (13.7%) | |||||||||
| Carloads From Divested Operations(1) | - | 27,947 | (27,947) | NM | |||||||||
| Same Railroad Carloads | 236,411 | 246,060 | (9,649) | (3.9%) |
| (1) Total carloads from ERS, which was sold in June 2018. |
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 120 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 114 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/20190116005172/en/
Aktuelle Themen
Weitere Artikel des Autors
URL kopieren
Per E-Mail teilen
Artikel drucken
Auch bei Lesern beliebt
