21 Feb

Inside GWR’s European Carload Rise in January

WRITTEN BY Samuel Prince

GWR’s European carloads

Genesee & Wyoming’s (GWR) European carloads rose 11.2% YoY (year-over-year) in January 2017. During the same period of 2016, GWR hauled ~79,000 railcars, as compared to ~88,000 in January 2017. With the acquisition of Freightliner, GWR’s European operations assumed much significance. GWR’s other-than-coal carloads also rose a significant 11.7% in January 2017 on a YoY basis.

Inside GWR’s European Carload Rise in January

Leader and laggard commodity groups

The rise in European carloads in January was mainly due to rise in intermodal volumes along with minerals and products. Coal and coke carloads reported a slight rise of 1.4% in January 2017. The rise in intermodal volumes was the result of increased traffic in the UK and Continental Europe.

For Genesee & Wyoming, the term “carload” represents physical railcars and the estimated railcar equivalents of commodities, for which the company is paid. Genesee & Wyoming has often compared with Class I railroads since its operations span 75% of the US, parts of Canada, Australia, and some parts of Europe. Other US-based Class, I rail carriers include Norfolk Southern (NSC), CSX Corporation (CSX), Kansas City Southern (KSU), and Union Pacific (UNP).

Departures

In this series, we’ve examined the rail traffic data of major US railroads for the sixth week of 2017, or for the week ending February 11, 2017.

Remember, the transportation and logistics sector makes up part of the industrial sector, and the ProShares Ultra S&P 500 ETF (SSO) invests ~7.6% in the industrial sector. For more information, you can compare this week’s rail data with the previous week in Market Realist’s series US Economy on the Tracks: Rail Traffic, Week Ended February 4.

For ongoing updates on major US railroad stocks, keep checking in with Market Realist’s Railroads page.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.16.229