In this part, we’ll discuss Genesee & Wyoming’s (GWR) shipments in the United Kingdom and Europe. The company’s European business is showcased by Freightliner. The latter is the United Kingdom’s largest rail maritime intermodal operator. Genesee & Wyoming also provides heavy-haul services in Germany and Poland. The company offers intermodal services connecting Germany’s main industrial regions with Northern European seaports.
In September 2017, Genesee & Wyoming’s shipments in the United Kingdom and Europe fell 3.1% on a year-over-year basis. The carloads were over 95,000 units in the reported month this year—compared to 98,000 plus units in September 2016. Excluding the coal (ARLP) and coke commodity group, the carloads were ~94,000 units in September 2017—down 1.6% from over 95,000 units in September last year.
Genesee & Wyoming witnessed a huge fall in its coal and coke carloads in the United Kingdom and Europe. The carloads fell 48% to ~1,700 units in September 2017 from 3,300 carloads in the same month last year. Reduced shipments in the United Kingdom led to the fall in coal carloads for the company.
Ups and downs in commodity groups
Genesee & Wyoming’s intermodal volumes fell by more than 2,300 carloads or ~3% in September this year due to reduced volumes in Continental Europe. The shipments decreased due to aborting certain routes in that region. However, the reduced volumes were offset by increased shipments in the United Kingdom. Minerals and stone volumes grew due to improved freight volumes in Poland.