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1012620_17_item7_p56_s0
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1012620_16_item7_p14_s0
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When we discuss either operating ratios from existing operations or same railroad operating ratios, we are referring to the change in our operating ratio, period-over-period, associated with operations that we managed in both periods (excluding the impact of acquisitions).
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When we discuss either operating expenses from existing operations or same railroad operating expenses, we are referring to the change in our operating expenses, period-over-period, associated with operations that we managed in both periods (i.e., excluding the impact of acquisitions).
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1012620_17_item7_p114_s1
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1012620_16_item7_p15_s0
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Our net income for the year ended December 31, 2015 was $225.0 million , compared with net income of $260.8 million for the year ended December 31, 2014 .
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Net income attributable to G W for the year ended December 31, 2015 was $225.0 million , compared with net income of $261.0 million for the year ended December 31, 2014 .
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1012620_17_item7_p115_s0
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1012620_16_item7_p16_s0
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Our results for the year ended December 31, 2015 and 2014 included certain items affecting comparability between the periods that are set forth below (dollars in millions, except per share amounts):
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Our results for the years ended December 31, 2015 and 2014 included certain items affecting comparability between the periods that are set forth below:
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1012620_17_item7_p112_s3
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1012620_16_item7_p17_s3
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In the fourth quarter of 2014 , G W recorded a tax benefit of $27.0 million associated with the extension of the Short Line Tax Credit, as well as a tax benefit of $3.9 million as a result of receiving consent from the United States Internal Revenue Service (IRS) to change a tax accounting method retroactively for companies acquired as a result of the acquisition of RailAmerica, Inc. (RailAmerica).
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1012620_17_item7_p17_s0
|
1012620_16_item7_p17_s8
|
When we discuss our same railroad revenues, we are referring to the change in our revenues, period-over-period, associated with operations that we managed in both periods (excluding the impact of acquisitions).
|
When we discuss either operating ratios from existing operations or same railroad operating ratios, we are referring to the change in our operating ratio, period-over-period, associated with operations that we managed in both periods (i.e., excluding the impact of acquisitions).
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1012620_17_item7_p2_s0
|
1012620_16_item7_p17_s8
|
When we discuss our same railroad revenues, we are referring to the change in our revenues, period-over-period, associated with operations that we managed in both periods (excluding the impact of acquisitions).
|
When we discuss results from existing operations or same railroad operations, we are referring to the change in our results, period-over-period, associated with operations that we managed in both periods ( i.e. , excluding the impact of acquisitions).
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1012620_17_item7_p56_s0
|
1012620_16_item7_p17_s8
|
When we discuss our same railroad revenues, we are referring to the change in our revenues, period-over-period, associated with operations that we managed in both periods (excluding the impact of acquisitions).
|
When we discuss either operating expenses from existing operations or same railroad operating expenses, we are referring to the change in our operating expenses, period-over-period, associated with operations that we managed in both periods (i.e., excluding the impact of acquisitions).
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1012620_17_item7_p21_s4
|
1012620_16_item7_p18_s11
|
All remaining traffic increased by a net 21 carloads.
|
All remaining traffic increased by a net 2,478 carloads.
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1012620_17_item7_p26_s3
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1012620_16_item7_p18_s11
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All remaining traffic increased by a net 21 carloads.
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All remaining traffic increased by a net 504 carloads.
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1012620_17_item7_p71_s3
|
1012620_16_item7_p18_s11
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All remaining traffic increased by a net 21 carloads.
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1012620_17_item7_p98_s3
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1012620_16_item7_p18_s11
|
All remaining traffic increased by a net 21 carloads.
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1012620_17_item7_p144_s25
|
1012620_16_item7_p18_s12
|
Income from operations from our Australian Operations for the year ended December 31, 2015 was $54.8 million , compared with $90.4 million for the year ended December 31, 2014 .
|
Operating Income/Operating Ratio Operating income from our Australian Operations was $54.8 million for the year ended December 31, 2015 , compared with $90.4 million for the year ended December 31, 2014 .
| 2 |
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1012620_17_item7_p131_s14
|
1012620_16_item7_p18_s4
|
Income from operations from our North American Operations for the year ended December 31, 2015 was $297.5 million , compared with $333.2 million for the year ended December 31, 2014 .
|
Operating Income/Operating Ratio Operating income from our North American Operations was $297.5 million for the year ended December 31, 2015 , compared with $333.2 million for the year ended December 31, 2014 .
| 2 |
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1012620_17_item7_p12_s2
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the P W acquisition, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p13_s3
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the GRail acquisition, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p14_s2
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the Pentalver agreement, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p14_s5
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the offering, see Note 4 , Earnings Per Common Share , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_16_item7_p23_s0
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For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition, see Note 21 , Subsequent Events , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p192_s1
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1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding this impairment, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p194_s4
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1012620_16_item7_p23_s0
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For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p198_s4
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1012620_16_item7_p23_s0
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For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p27_s1
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1012620_16_item7_p23_s0
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For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding these charges, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p29_s7
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1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of P W, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p30_s3
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p31_s3
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p38_s3
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of GRail, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p45_s3
|
1012620_16_item7_p23_s0
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of Pentalver, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p194_s5
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1012620_16_item7_p23_s1
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Exhibits, Financial Statement Schedules" of this Annual Report.
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Exhibits, Financial Statement Schedules" of this Annual Report for additional information regarding ERS.
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1012620_17_item7_p198_s5
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1012620_16_item7_p23_s1
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Exhibits, Financial Statement Schedules" of this Annual Report.
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Exhibits, Financial Statement Schedules" of this Annual Report for additional information regarding ERS.
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1012620_16_item7_p24_s2
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The results of operations from Pinsly Arkansas have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
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The results of operations from P W have been included in our consolidated statement of operations since the November 1, 2016 acquisition date within our North American Operations segment.
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1012620_17_item7_p31_s2
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1012620_16_item7_p24_s2
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The results of operations from Pinsly Arkansas have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
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The results of operations from RCP E have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
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1012620_17_item7_p38_s0
|
1012620_16_item7_p24_s2
|
The results of operations from Pinsly Arkansas have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
|
The results of operations from GRail have been included in our consolidated statement of operations since the December 1, 2016 acquisition date within our Australian Operations segment.
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1012620_17_item7_p12_s2
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1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the P W acquisition, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p13_s3
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1012620_16_item7_p24_s3
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For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the GRail acquisition, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p14_s2
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1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the Pentalver agreement, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p14_s5
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the offering, see Note 4 , Earnings Per Common Share , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p156_s3
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1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p16_s1
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition, see Note 21 , Subsequent Events , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p192_s1
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding this impairment, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p194_s4
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p198_s4
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p27_s1
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding these charges, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of P W, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p38_s3
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of GRail, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p45_s3
|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of Pentalver, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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|
1012620_16_item7_p24_s3
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p194_s5
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1012620_16_item7_p24_s4
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Exhibits, Financial Statement Schedules" of this Annual Report.
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Exhibits, Financial Statement Schedules" of this Annual Report for additional information regarding ERS.
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1012620_16_item7_p24_s4
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Exhibits, Financial Statement Schedules" of this Annual Report.
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Exhibits, Financial Statement Schedules" of this Annual Report for additional information regarding ERS.
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1012620_17_item7_p31_s0
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1012620_16_item7_p26_s0
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On May 30, 2014, our new subsidiary, RCP E, purchased the assets comprising the western end of Canadian Pacific Railway Limited's (CP) Dakota, Minnesota Eastern Railroad Corporation (DM E) rail line for a cash purchase price of $218.6 million , including the purchase of materials and supplies, railcars, equipment and vehicles.
|
Rapid City, Pierre Eastern Railroad, Inc.: On May 30, 2014, our new subsidiary, RCP E, purchased the assets comprising the western end of Canadian Pacific Railway Limited's (CP) Dakota, Minnesota Eastern Railroad Corporation (DM E) rail line for a cash purchase price of $218.6 million , including the purchase of materials and supplies, railcars, equipment and vehicles.
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1012620_17_item7_p28_s3
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1012620_16_item7_p26_s2
|
The results of operations from RCP E have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
|
The results of operations from P W have been included in our consolidated statement of operations since the November 1, 2016 acquisition date within our North American Operations segment.
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1012620_17_item7_p30_s2
|
1012620_16_item7_p26_s2
|
The results of operations from RCP E have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
|
The results of operations from Pinsly Arkansas have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
| 2 |
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1012620_17_item7_p38_s0
|
1012620_16_item7_p26_s2
|
The results of operations from RCP E have been included in our consolidated statement of operations since the acquisition date within our North American Operations segment.
|
The results of operations from GRail have been included in our consolidated statement of operations since the December 1, 2016 acquisition date within our Australian Operations segment.
| 2 |
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1012620_17_item7_p12_s2
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1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the P W acquisition, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_16_item7_p26_s3
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For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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For additional information regarding the GRail acquisition, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p14_s2
|
1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the Pentalver agreement, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p14_s5
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1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the offering, see Note 4 , Earnings Per Common Share , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p156_s3
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1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p16_s1
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1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition, see Note 21 , Subsequent Events , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p192_s1
|
1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding this impairment, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_16_item7_p26_s3
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For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p198_s4
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1012620_16_item7_p26_s3
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For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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See Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p27_s1
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1012620_16_item7_p26_s3
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For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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For additional information regarding these charges, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p29_s7
|
1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of P W, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p30_s3
|
1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding Pinsly Arkansas, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p38_s3
|
1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of GRail, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p45_s3
|
1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition of Pentalver, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p53_s0
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1012620_16_item7_p26_s3
|
For additional information regarding RCP E, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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For additional information regarding the acquisition of Freightliner, see Note 3 , Changes in Operations , to our Consolidated Financial Statements set forth in "Part IV Item 15.
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1012620_17_item7_p194_s5
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1012620_16_item7_p26_s4
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Exhibits, Financial Statement Schedules" of this Annual Report.
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Exhibits, Financial Statement Schedules" of this Annual Report for additional information regarding ERS.
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1012620_16_item7_p26_s4
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1012620_17_item7_p39_s0
|
1012620_16_item7_p27_s0
|
Australia Arrium Limited: Between 2011 and 2014, our subsidiary, Genesee Wyoming Australia Pty Ltd (GWA), invested a total of A$78.0 million (or $77.7 million at the exchange rates on the dates the spending occurred) to purchase locomotives and railcars, as well as to construct a standard gauge rolling-stock maintenance facility to support iron ore shipments from Arrium's Southern Iron mine and Whyalla-based operations, which include the Middleback Range iron ore mines and the Whyalla steelworks.
|
Arrium Limited: Between 2011 and 2014, GWA invested a total of $78 million to purchase locomotives and railcars, as well as to construct a standard gauge rolling-stock maintenance facility to support iron ore shipments from Arrium's Southern Iron mine and Whyalla-based operations, which include the Middleback Range iron ore mines and the Whyalla steelworks.
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1012620_17_item7_p105_s2
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1012620_16_item7_p30_s1
|
The increase included $530.0 million from new operations, partially offset by a decrease of $131.3 million from existing operations.
|
The increase consisted of $40.0 million from new operations, partially offset by a decrease of $2.2 million from existing operations.
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1012620_17_item7_p17_s0
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1012620_16_item7_p31_s0
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When we discuss expenses from existing operations, we are referring to the change in our expenses, period-over-period, associated with operations that we managed in both periods (excluding the impact of acquisitions).
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When we discuss either operating ratios from existing operations or same railroad operating ratios, we are referring to the change in our operating ratio, period-over-period, associated with operations that we managed in both periods (i.e., excluding the impact of acquisitions).
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1012620_17_item7_p21_s0
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1012620_16_item7_p31_s0
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1012620_17_item7_p2_s0
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1012620_16_item7_p31_s0
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When we discuss results from existing operations or same railroad operations, we are referring to the change in our results, period-over-period, associated with operations that we managed in both periods ( i.e. , excluding the impact of acquisitions).
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1012620_17_item7_p56_s0
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1012620_16_item7_p31_s0
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1012620_17_item7_p111_s0
|
1012620_16_item7_p33_s0
|
Income from Operations/Operating Ratio Income from operations was $384.3 million for the year ended December 31, 2015 , compared with $421.6 million for the year ended December 31, 2014 .
|
Operating Income/Operating Ratio Operating income was $384.3 million for the year ended December 31, 2015 , compared with $421.6 million for the year ended December 31, 2014 .
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1012620_17_item7_p59_s7
|
1012620_16_item7_p33_s7
|
The increase in interest expense was primarily due to a higher debt balance resulting from the acquisition of Freightliner.
|
The increase in interest expense was primarily due to a higher debt balance resulting from the acquisition of Freightliner in March 2015, as well as the write-off of deferred financing costs related to the GRail Transactions in 2016.
| 2 |
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1012620_17_item7_p14_s5
|
1012620_16_item7_p34_s4
|
For additional information regarding the United States Short Line Tax Credit, see Note 13 , Income Taxes , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the offering, see Note 4 , Earnings Per Common Share , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p16_s1
|
1012620_16_item7_p34_s4
|
For additional information regarding the United States Short Line Tax Credit, see Note 13 , Income Taxes , to our Consolidated Financial Statements set forth in "Part IV Item 15.
|
For additional information regarding the acquisition, see Note 21 , Subsequent Events , to our Consolidated Financial Statements set forth in "Part IV Item 15.
| 2 |
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1012620_17_item7_p194_s5
|
1012620_16_item7_p34_s5
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Exhibits, Financial Statement Schedules" of this Annual Report.
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Exhibits, Financial Statement Schedules" of this Annual Report for additional information regarding ERS.
| 2 |
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1012620_17_item7_p198_s5
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1012620_16_item7_p34_s5
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1012620_17_item7_p114_s1
|
1012620_16_item7_p36_s1
|
Net income for the year ended December 31, 2015 was $225.0 million , compared with $260.8 million for the year ended December 31, 2014 .
|
Net income attributable to G W for the year ended December 31, 2015 was $225.0 million , compared with net income of $261.0 million for the year ended December 31, 2014 .
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1012620_17_item7_p132_s0
|
1012620_16_item7_p37_s0
|
The following table sets forth our North American Operations operating revenues and carloads by new operations and existing operations for the years ended December 31, 2015 and 2014 (dollars in thousands):
|
The following table sets forth our Australian Operations operating revenues and carloads segregated into new operations and existing operations for the years ended December 31, 2015 and 2014 (dollars in thousands):
| 2 |
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1012620_17_item7_p145_s0
|
1012620_16_item7_p37_s0
|
The following table sets forth our North American Operations operating revenues and carloads by new operations and existing operations for the years ended December 31, 2015 and 2014 (dollars in thousands):
|
The following table sets forth our U.K./European Operations operating revenues and carloads segregated into new operations and existing operations for the years ended December 31, 2015 and 2014 (dollars in thousands):
| 2 |
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1012620_17_item7_p92_s0
|
1012620_16_item7_p37_s0
|
The following table sets forth our North American Operations operating revenues and carloads by new operations and existing operations for the years ended December 31, 2015 and 2014 (dollars in thousands):
|
The following table sets forth our U.K./European Operations operating revenues and carloads by new operations and existing operations for the years ended December 31, 2016 and 2015 (dollars in thousands):
| 2 |
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1012620_17_item7_p82_s0
|
1012620_16_item7_p38_s0
|
The following table sets forth our North American Operations freight revenues, carloads and average freight revenues per carload for the years ended December 31, 2015 and 2014 , assuming the 2015 foreign currency exchange rates were applicable to both periods (dollars in thousands, except average freight revenues per carload):
|
The following table sets forth our Australian Operations freight revenues, carloads and average freight revenues per carload for the years ended December 31, 2016 and 2015 (dollars in thousands, except average freight revenues per carload):
| 2 |
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1012620_17_item7_p133_s0
|
1012620_16_item7_p39_s1
|
The following table sets forth the changes in our North American Operations freight revenues by commodity group segregated into new operations and existing operations for the year ended December 31, 2015 , compared with the year ended December 31, 2014 (dollars in thousands):
|
The following table sets forth the changes in our Australian Operations freight revenues by commodity group for the year ended December 31, 2015 , compared with the year ended December 31, 2014 (dollars in thousands):
| 2 |
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1012620_17_item7_p80_s0
|
1012620_16_item7_p39_s1
|
The following table sets forth the changes in our North American Operations freight revenues by commodity group segregated into new operations and existing operations for the year ended December 31, 2015 , compared with the year ended December 31, 2014 (dollars in thousands):
|
The following table sets forth the changes in our Australian Operations freight revenues by commodity group segregated into new operations and existing operations for the year ended December 31, 2016 , compared with the year ended December 31, 2015 (dollars in thousands):
| 2 |
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1012620_17_item7_p94_s0
|
1012620_16_item7_p39_s1
|
The following table sets forth the changes in our North American Operations freight revenues by commodity group segregated into new operations and existing operations for the year ended December 31, 2015 , compared with the year ended December 31, 2014 (dollars in thousands):
|
The following table sets forth the changes in our U.K./European Operations freight revenues by commodity group for the year ended December 31, 2016 , compared with the year ended December 31, 2015 (dollars in thousands):
| 2 |
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1012620_17_item7_p138_s3
|
1012620_16_item7_p41_s0
|
The following information discusses the significant changes in our North American Operations freight revenues from existing operations by commodity group excluding the impact of foreign currency.
|
The following information discusses the significant changes in our Australian Operations freight revenues by commodity group excluding the impact of foreign currency.
| 2 |
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1012620_17_item7_p85_s4
|
1012620_16_item7_p41_s0
|
The following information discusses the significant changes in our North American Operations freight revenues from existing operations by commodity group excluding the impact of foreign currency.
|
The following information discusses the significant changes in our Australian Operations freight revenues from existing operations by commodity group excluding the impact of foreign currency.
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1012620_17_item7_p72_s15
|
1012620_16_item7_p41_s20
|
The increase in carloads was primarily due to increased copper concentrate shipments in the western United States.
|
The increase in carloads was primarily due to increased lumber shipments in the northeastern United States.
| 2 |
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1012620_17_item7_p99_s3
|
1012620_16_item7_p42_s0
|
The increase in average freight revenues per carload was primarily driven by a change in the mix of business.
|
This decrease in average freight revenues per carload was primarily due to a change in the mix of business.
| 2 |
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1012620_17_item7_p72_s8
|
1012620_16_item7_p42_s3
|
The decrease in carloads was primarily due to decreased shipments of frac sand and proppants in the midwestern and southern United States.
|
The decrease in carloads was primarily due to decreased shipments of industrial chemicals in the western United States.
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1012620_17_item7_p125_s7
|
1012620_16_item7_p43_s0
|
Other commodity group revenues decreased $1.3 million , or 6.3% .
|
Other revenues decreased $1.3 million , or 6.3% .
| 2 |
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1012620_17_item7_p102_s0
|
1012620_16_item7_p43_s10
|
All Other Revenues Excluding a $1.2 million decrease due to the impact of foreign currency depreciation, all other revenues from our North American Operations, which includes revenues from third-party car and locomotive repairs, property rentals, railroad construction and other ancillary revenues not directly related to the movement of freight, decreased $15.3 million , or 18.9% , to $65.6 million for the year ended December 31, 2015 .
|
All Other Revenues Excluding a $2.7 million decrease due to the impact of foreign currency depreciation, all other revenues from our U.K./European Operations, which includes revenues from third-party railcar and locomotive repairs, property rentals and other ancillary revenues not directly related to the movement of freight, increased $2.2 million , or 10.4% , to $23.2 million for the year ended December 31, 2016 , compared with $21.0 million for the year ended December 31, 2015 .
| 2 |
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1012620_17_item7_p87_s0
|
1012620_16_item7_p43_s10
|
All Other Revenues Excluding a $1.2 million decrease due to the impact of foreign currency depreciation, all other revenues from our North American Operations, which includes revenues from third-party car and locomotive repairs, property rentals, railroad construction and other ancillary revenues not directly related to the movement of freight, decreased $15.3 million , or 18.9% , to $65.6 million for the year ended December 31, 2015 .
|
All Other Revenues Excluding a $0.2 million decrease due to the net impact of foreign currency depreciation, all other revenues from our Australian Operations, which includes revenues from third-party railcar and locomotive repairs, property rentals and other ancillary revenues not directly related to the movement of freight, decreased $2.1 million , or 25.7% , to $6.2 million for the year ended December 31, 2016 , compared with $8.3 million for the year ended December 31, 2015 , primarily due to reduced third-party railcar and locomotive repair revenues.
| 2 |
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1012620_17_item7_p72_s28
|
1012620_16_item7_p43_s6
|
Freight revenues from all remaining commodities combined decreased by a net $3.2 million.
|
Freight revenues from all remaining commodities combined increased by a net $0.1 million .
| 2 |
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