Genesee & Wyoming Inc. (G&W) has reported a decrease of 4.5 percent, or 23,338 carloads, in the third quarter of 2016 compared to the 2015 third quarter. Carloads totaled 495,018.
For the month of August, G&W’s traffic was 252,068 carloads, down 0.4 percent, or 887 carloads, compared to last August.
North American Operations reported a decline in traffic of 4,041 carloads, or 2.8 percent, to 138,530 carloads for the month. The decrease was primarily due to reduced coal & coke shipments. The largest decline was in metallic ores, which decreased by 19.4 percent, or 422 carloads. Coal & coke shipments dropped by 12.4 percent, or 3,106 carloads, to 21,993 carloads, due to decreased shipments of utility coal in G&W’s Central and Northeast regions. Waste, with a total of 4,528 carloads was up by 22.2 percent, or 823 carloads.
G&W’s North American Operations represents approximately 60 percent of the company’s total operating revenues and approximately 80 percent of G&W’s total income from operations.