GWR’s European volumes in May
In May, Genesee & Wyoming’s (GWR) UK and European rail traffic slid 1.5% YoY (year-over-year). In April this year, the company’s European operations reported a volume rise. GWR moved ~90,800 railcars in the European region in May compared with ~92,200. However, on a quarter-to-May basis, the railroad’s UK/European carloads expanded 1.5% YoY to 176,700 units from slightly over 174,000.
Genesee & Wyoming is the largest provider of rail maritime intermodal services in the United Kingdom. Apart from that, the company is the second-largest freight rail service provider and regional services provider in Continental Europe.
Carloads excluding coal and coke accounted for 98.3% of GWR’s UK/European operations in May, which was almost equal to this share in the same month last year. These carloads reported a 1.7% YoY fall in volumes. The company moved 89,200 carloads without coal and coke in May compared with over 90,700 in May 2017.
Coal and coke carloads, however, jumped 7.7% YoY mainly due to increased shipments in Poland and the United Kingdom. The railroad hauled 1,560 coal and coke carloads in May, down 100 from 1,450.
Change in carload commodity groups
The only carload commodity to witness positive changes in May carloads was minerals and stone. Higher shipments in GWR’s United Kingdom region drove the mineral and stone volumes higher. On the other hand, intermodal traffic went down mainly due to reduced volumes in the United Kingdom.
A look at IYT
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Next, we’ll review GWR’s Australian region’s rail traffic in May.