uploads/2018/04/GWR-Combined-1.png

How Genesee & Wyoming’s Total Carloads Trended in March

By

Updated

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%.

Article continues below advertisement

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.

Advertisement

More From Market Realist