How Genesee & Wyoming’s Total Carloads Trended in March



GWR’s freight volumes in March

On April 17, Genesee & Wyoming (GWR) published its freight volume data, which pertained to the North American region, the UK-European region, and the Australian region. In March, its freight volumes for the same railroad operations in those regions were ~279,300 railcars. That’s a decline of ~4% from ~290,800 units in March 2017. On a reported volume basis, its railcar volume was down 3.7% in March YoY (year-over-year).

On a cumulative basis, GWR’s railcar (XLI) traffic for 1Q18 was ~809,700 carloads for the same railroad operation. That a decline of 1.4% YoY. Considering the volumes on a reported basis, 1Q18 overall carloads were down 1.2%.

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Segmental carloads in March

GWR’s North American carloads were 50.8% of total carloads in March. Its share rose 3.3% from 47.5% in March 2017. Volumes in the European region for March declined 2.5% from 33.5% to 31%. Carloads in Australian operations fell 0.8% to 18.2% in March from 19% in March 2017.

Regional coal carloads

GWR’s coal (ARCH) and coke carloads in all regions fell 5.4% to ~56,000 carloads in March, from 59,100 units in March 2017. Australian coal carloads contributed 61.7% to total coal carloads in March, which was almost on par with March 2017.

North American coal carloads were 35% of total coal carloads, up 1.8% in March. The share of UK-European coal carloads in GWR’s total coal carloads declined 1.9% to 3.3% in March from 5.2% in March 2017.

According to the Association of American Railroads’ weekly freight volume data in 2018, rail companies’ carload traffic hasn’t picked up, with a few exceptions such as BNSF Railway (BRK.B) and Canadian Pacific Railway (CP).

In the next part of this series, we’ll look at GWR’s North American railcar traffic in March.


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