GWR’s European volumes in July
Genesee & Wyoming’s (GWR) UK-European total railcar volumes declined 1% YoY (year-over-year) in July. Those railroad operations saw ~79,700 railcars in the region in July compared to ~80,500 units in July 2017.
GWR’s traffic excluding the coal and coke commodity group made up 98.7% of its UK-European operations traffic in July. In July 2017, railcars sans the coal and coke commodity group made up 98.9% of UK-European traffic. Railcars declined 1.2% YoY to ~78,700 units in July from ~79,600 units in July 2017. Coal and coke railcars increased 15.2% YoY to ~1,100 units in July from 925 units in July 2017.
GWR divested its ERS operations in the UK-European region in June 2018. In July 2017, these operations contributed ~10,450 units. So on a reported basis, the company’s volumes slumped 12.4% YoY in July.
Commodity-wise volume changes
The commodity group that posted volume growth in July was agricultural products. Intermodal traffic declined in the United Kingdom due to operational issues at a port in that region. For GWR, the term carload represents physical railcars and estimated railcar equivalents of commodities as well as intermodal units.
Genesee & Wyoming is a provider of the largest rail maritime intermodal services in the United Kingdom. It’s also the second-largest freight rail service provider and the regional services provider in Continental Europe.
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In the next section, we’ll look at GWR’s Australian region’s July traffic.