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Genesee & Wyoming reports rail traffic for November 2018

(Source: Genesee & Wyoming press release, December 14, 2018)

DARIEN, Conn. Genesee & Wyoming Inc. (G&W) today reported traffic volumes for November 2018.

G&Ws total traffic in November 2018 was 259,900 carloads, a decrease of 12,012 carloads, or 4.4%, compared with November 2017. G&Ws same railroad traffic in November 2018 decreased 576 carloads, or 0.2%, compared with G&Ws traffic in November 2017, excluding carloads from G&Ws former Continental European intermodal business (ERS), which was sold in June 2018, and short line lease expirations in Canada (SOR and GEXR) in the fourth quarter of 2018.

G&Ws traffic in the fourth quarter of 2018 through November was 546,080 carloads, a decrease of 1,149 carloads, or 0.2%, compared with the fourth quarter of 2017 through November. G&Ws same railroad traffic in the fourth quarter of 2018 through November increased 18,582 carloads, or 3.5%, compared with the fourth quarter of 2017 through November.

Highlights by Segment

North American Operations: Traffic in November 2018 was 133,604 carloads, an increase of 2.3% compared with November 2017. Excluding traffic from short line lease expirations in Canada, traffic in November 2018 increased 2.7% compared with same railroad traffic in November 2017, primarily due to increased petroleum products and metals traffic, partially offset by decreased minerals & stone traffic.

Australian Operations: Traffic in November 2018 was 39,813 carloads, a decrease of 6.9% compared with November 2017, primarily due to decreased coal & coke and agricultural products traffic. Carload information for G&Ws 51.1% owned Australian Operations is presented on a 100% basis.

U.K./European Operations: Traffic in November 2018 was 86,483 carloads, a decrease of 12.2% compared with November 2017. Excluding traffic from ERS, traffic in November 2018 decreased 1.4% compared with same railroad traffic in November 2017, primarily due to decreased intermodal traffic in the U.K.

The table at the link above sets forth summary total carloads by segment as well as additional carload and traffic information.

Tuesday, December 18, 2018

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