GWR (remember them?) had the same Q1 as the rest of the industry, only as far as North America goes, less so – meaning that once again they outperformed their Class One peers by showing a volume decline of about 2%, and running down “only” about 16% in Q2TD.
In addition to what was likely a pretty good financial performance in the last quarter before the lockdown (etc), their already terrific safety record improved. I am not sure that the UK/Europe did as well, but that’s no longer under our bailiwick post-Brookfield ...