What are your thoughts regarding the performance of Great Western Railway (GWR) in Q1 and Q2? (Tony Hatch)

Tony Hatch (4)

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 ...