LONDON, UK / ACCESSWIRE / February 16, 2018 / Active-Investors.com has just released a free research report on Genesee & Wyoming Inc. (NYSE: GWR) ("G&W"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GWR as the Company's latest news hit the wire. On February 14, 2018, the Company, which is an American short-line railroad holding organization, reported traffic volumes for January 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Genesee & Wyoming most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Overall Traffic Data for January 2018
- For January 2018, G&W's traffic was 277,131 carloads; down 137 carloads, or 0.4%, from January 2017.
- The Company's same-railroad traffic was 276,630 carloads in January 2018; a y-o-y decrease of 1,638 carloads, or 0.6%, from January 2017.
Segment-Wise Traffic Highlights
North American Operations
G&W's North American segment's traffic was 136,199 carloads in January 2018; a reduction of 1.7% from January 2017. The reported numbers included carloads from the Heart of Georgia Railroad Inc. ("HOG"), which was acquired on May 31, 2017. In terms of same-railroad, the North American segment's traffic fell 2.1% y-o-y, mainly on account of decreased agricultural products and chemicals & plastics traffic.
Highlights of the North American segment's same-railroad traffic, excluding traffic from HOG, by commodity group for January 2018:
- The agricultural products traffic decreased by 1,325 carloads, or 6.7%, from January 2017. This was on account of decreased soybean meal shipments in G&W's Western Region and decreased shipments of dried distillers' grains (DDGs) in G&W's Midwest Region.
- The chemicals & plastics traffic fell 8.2% y-o-y, or 1,306 carloads, mainly due to decreased shipments of ethanol in G&W's Midwest region and industrial chemicals in G&W's Northeast region.
- All remaining traffic for the North American segment reduced by a net of 222 carloads from the same period in the previous year.
Australian Operations
G&W's Australian segment's traffic was 49,276 carloads in January 2018, a y-o-y decrease of 5.2%. This was attributed to decreased agricultural products and coal & coke traffic. It must be noted that the carload information for G&W's 51.1%-owned Australian Operations is presented on a 100% basis.
Highlights of carload information for G&W's 51.1%-owned Australian Operations by commodity group for January 2018:
- Agricultural products traffic dwindled 1,315 carloads, or 25.3% y-o-y, owing to a lower harvest in South Australia in 2017-18.
- Coal & coke traffic, which mainly operates under a take-or-pay contract structure, fell 857 carloads, or 2.5%, from January 2017.
- All remaining traffic for the Australian segment decreased by a net of 529 carloads from the same period in the previous year.
UK/European Operations
G&W's UK/European segment's traffic was 91,656 carloads in January 2018, up 4.5% y-o-y. The increment was primarily due to increased minerals & stone traffic in Poland and the UK, which was partially offset by decreased coal & coke traffic in the UK.
Highlights of carload information for the UK/European Operations by commodity group for January 2018:
- The minerals & stone traffic advanced 71.0% y-o-y, or 5,710 carloads, on account of increased shipments in Poland and the UK.
- Coal & coke traffic shrank 46.6%, or 1,905 carloads, from January 2017, mainly due to decreased shipments in the UK.
- All remaining traffic for the UK/European segment increased by a net of 111 carloads from the same period in the previous year.
Reporting Details
The term carload stands for physical railcars and estimated railcar equivalents of commodities, for which G&W is paid on a metric ton or other measures to move freight, as well as intermodal units. Freight revenues for G&W is paid on a-per car, -per container, or -per metric ton basis to move freight. However, the traffic information excludes activities such as railcar switching, port terminal shunting, traction services, and other similar freight-related services because the resulting revenues are not classified as freight revenues.
Stock Performance Snapshot
February 15, 2018 - At Thursday's closing bell, Genesee & Wyoming's stock marginally rose 0.24%, ending the trading session at $72.03.
Volume traded for the day: 421.33 thousand shares, which was above the 3-month average volume of 360.75 thousand shares.
Stock performance in the previous six-month period – up 7.16%;
After yesterday's close, Genesee & Wyoming's market cap was at $4.46 billion.
Price to Earnings (P/E) ratio was at 8.21.
The stock is part of the Services sector, categorized under the Railroads industry. This sector was up 0.9% at the end of the session.
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