Reviewing GWR’s European Carloads in April 2017
Genesee & Wyoming’s (GWR) European carloads fell 9.1% YoY (year-over-year) in April 2017. GWR’s other-than-coal carloads fell 8.2% on a YoY basis in April 2017.
Canadian Pacific Railway’s (CP) total carloads rose 24.7% in the week ended May 13, 2017. The company hauled more than 32,000 railcars in the week.
In April 2017, Genesee & Wyoming’s (GWR) North American traffic slightly expanded by 1% YoY (year-over-year). The company hauled ~126,000 railcars in April 2017.
Since January 1, 2017, Canadian National Railway’s (CNI) volumes have risen the most YoY (year-over-year) among Class I railroad companies.
Canadian National Railway moved more than 50,100 containers in the 19th week of 2017, compared to the nearly 40,900 containers it moved in the corresponding week of 2016.
In the past few weeks, Kansas City Southern (KSU), the smallest Class I railroad company in the United States, has seen its intermodal traffic slow.
In the 19th week of 2017, BNSF Railway’s (BRK-B) overall intermodal traffic rose 6.3% YoY (year-over-year) to ~101,000 containers and trailers.
In the week ended May 13, 2017, Kansas City Southern’s (KSU) total railcars rose 10.4% compared to the corresponding week of 2016.
BNSF Railway operates in the Western United States and competes primarily with Union Pacific (UNP). Its total railcars for the week ended May 13, 2017, rose 11.6% year-over-year.
In the week ended May 13, 2017, Union Pacific (UNP) hauled ~73,000 containers and trailers, 2.2% more than it did in the corresponding week of 2016.
In the Western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B).
In the week ended May 13, 2017, CSX Corporation’s (CSX) overall railcar volumes were flat at 0.5% YoY (year-over-year). Its freight volumes stood at ~71,300 railcars.
In recent weeks, CSX Corporation’s (CSX) intermodal traffic has been almost flat. In the week ended May 13, 2017, its intermodal volumes rose 2.8%.
In the week ended May 13, 2017, Norfolk Southern’s overall railcar volumes rose 11% to more than 71,000 railcars.
Norfolk Southern’s (NSC) total intermodal traffic rose 8% in the week ended May 13, 2017. Its volumes reached ~72,000 containers.
Every week, the Association of American Railroads publishes North American freight rail data for the previous week. The latest figures are for Week 19, which ended on May 13, 2017.
AK Steel (AKS) is trading at an EV-to-EBITDA multiple of 6.6x based on its fiscal 2017 expected EBITDA. AK Steel reduced its spot exposure.
ArcelorMittal’s net debt rose in 1Q17 due to higher working capital investment. The company’s net debt-to-EBITDA is 1.8x as of March 31, 2017.
U.S. Steel Corporation (X) posted negative free cash flows of $182 million in 1Q17. The company attributed negative cash flows to higher working capital.
Analysts see a big spike in U.S. Steel Corporation’s 2Q17 EBITDA. The company is expected to post an adjusted EBITDA of $294 million in 2Q17.