G&W Reports Traffic for February, First Quarter

Genesee & Wyoming Inc. (G&W) has reported an increase of 12.3 percent, or 27,572 carloads, for February 2017 rail traffic compared to February 2016. Carloads totaled 252,228. Same-railroad traffic for February 2017 was down by 0.6 percent, or 1,291 carloads, to 223,365 carloads when compared to February 2016.

G&W’s North American operations reported an increase in February traffic of 0.8 percent to 126,488 carloads. Same-railroad traffic, which excludes traffic from the Providence and Worcester Railroad Company (P&W) acquisition, which closed on November 1, 2016, was down 1 percent, primarily due to decreased agricultural products and pulp & paper traffic, partially offset by increased coal & coke traffic.

North American same-railroad traffic saw coal & coke traffic increase by 29.9 percent, or 4,895 carloads, primarily due to increased shipments of utility coal in G&W’s Midwest region. Pulp & paper traffic decreased 7.9 percent, or 1,028 carloads, which was mostly due to due to decreased shipments in G&W’s Southern Region resulting from a temporary shutdown of a customer facility following an incident in late January 2017. The facility is currently expected to restart production in the second quarter of 2017. Agricultural products traffic dropped 6.1 percent, or 1,140 carloads, due to decreased shipments in G&W’s Midwest and Coastal regions, partially offset by increased shipments in G&W’s Mountain West and Central regions.

G&W’s traffic in the first quarter of 2017 through February was 530,496 carloads, an increase of 87,409 carloads, or 19.7 percent, compared with the first quarter of 2016. Same-railroad traffic in the first quarter increased 4.8 percent, or 21,079 carloads, compared with the first quarter of 2016. Carloads for the quarter totaled 464,166 carloads.

In the first quarter of 2017 North American operations traffic increased 15,147 carloads, or 6.1 percent. Traffic for the quarter totaled 265,039 carloads. This was primarily due to increases in shipments of auto & auto parts and coal & coke.