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Transportation   An increase of 27,572 carloads

Genesee & Wyoming February carloads increase 12%

Genesee & WyomingGenesee & Wyoming Inc. (G&W) reported traffic volumes for February 2017.

G&W’s traffic in February 2017 was 252,228 carloads, an increase of 27,572 carloads, or 12.3%, compared with February 2016.

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READ MORE Genesee & Wyoming traffic fell 3.8% in May 2016

G&W’s same-railroad traffic in February 2017 was 223,365 carloads, a decrease of 1,291 carloads, or 0.6%, compared with February 2016.

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%, compared with the first quarter of 2016 through February.

G&W’s same-railroad traffic in the first quarter of 2017 through February was 464,166 carloads, an increase of 21,079 carloads, or 4.8%, compared with the first quarter of 2016 through February.

North American Operations: Traffic in February 2017 was 126,488 carloads, an increase of 0.8% compared with February 2016, including carloads from the Providence and Worcester Railroad Company (P&W) acquisition, which closed on November 1, 2016.

On a same-railroad basis, North American traffic decreased 1.0%, primarily due to decreased agricultural products and pulp & paper traffic, partially offset by increased coal & coke traffic.

Australian Operations: Traffic in February 2017 was 42,051 carloads, including carloads from the Glencore Rail (GRail) acquisition, which closed on December 1, 2016.

On a same-railroad basis, Australian traffic decreased 0.2% primarily due to decreased minerals & stone traffic, partially offset by increased metallic ores traffic.

Simultaneous with the GRail acquisition, G&W issued a 48.9% equity stake in its Australian Operations to Macquarie Infrastructure and Real Assets. Carload information for the Australian Operations is presented on a 100% basis.

U.K./European Operations: Traffic in February 2017 was 83,689 carloads, or flat compared with February 2016, primarily due to increased minerals & stone traffic, partially offset by decreased intermodal traffic.




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