G&W reports July 2017 traffic volumes

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DARIEN, Conn. — Genesee & Wyoming’s purchase of two short line and regional railroads in the United States and an expansion of its Australian business led to significant carload gains for the month of July 2017 compared to the same month in 2016.

Across North America, Europe, and Australia, the company handled 277,140 carloads in the month of July 2017, compared to 242,950 carloads in July 2016.

According to a G&W news release, the significant increase in carload traffic is attributed to the company’s purchase of the Providence & Worcester Railroad and the Heart of Georgia Railroad, as well as carload gains from Australia’s Glencore Rail purchase.

In North America alone, the railroad handled 133,822 carloads last month, or 2,682 more railcars from July 2016’s volume of 131,140 carloads. In Australia, the company saw a significant increase from 15,099 carloads in July 2016 to 52,328 carloads in July 2017, or an increase of 37,229 carloads.

New railroad purchases led to carload gains of about 37,775 railcars for the month.

Excluding the P&W and Heart of Georgia purchases and calculating only same-railroad carloads, the company’s traffic was down about 1 percent due to a downturn in agricultural traffic across preexisting operations.

According to G&W’s North American carload statistics for July 2017, agricultural traffic was down more than 19 percent for the month from 18,974 carloads in July 2016 to 15,323 carloads in July 2017.

A downturn in agricultural traffic was partially offset by traffic gains in the coal and coke sector, which reported a 5.2 percent uptick last month from 20,047 carloads in July 2016 to 21,090 cars in July 2017. Chemical and plastics also reported similar gains of 4 percent from 14,007 carloads in July 2016 to 14,564 carloads in July 2017.

Other commodities such as autos and auto parts, lumber and forest products, metallic ores, and minerals and stone reported marginal gains as well.

While the company’s North American and Australian operations reported solid results in July, the company’s operations in the United Kingdom and Europe were down for the month from 96,711 carloads in July 2016 to 90,990 carloads in July 2017.

G&W officials attribute the decline in European rail traffic to decreased intermodal shipments. Last month, intermodal traffic was down 7.5 percent, or the difference of about 5,933 carloads compared to July 2016 volumes.

For a full rundown of G&W’s traffic for the month, see the news release online.

NEWSWIRETrains News Wire

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