Genesee & Wyoming Reports Traffic for November 2013

Business Wire

DARIEN, Conn.--(BUSINESS WIRE)--

Genesee & Wyoming Inc. (G&W) (GWR) today reported traffic volumes for November 2013.

Beginning in January 2013, G&W is reporting consolidated traffic volumes including carloads from RailAmerica Inc. (RA) railroads that were previously reported separately. To provide comparative context for 2013 consolidated traffic volumes, G&W is providing supplemental 2012 carload information on a pro forma basis as though the RA railroads were owned by G&W on January 1, 2012. In addition, G&W has amended RA’s 2012 carload information to conform with G&W’s reporting methodology.

G&W’s traffic in November 2013 was 152,308 carloads, an increase of 77,260 carloads, or 102.9%, compared to G&W’s traffic in November 2012, and an increase of 7,826 carloads, or 5.4%, compared to total November 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the fourth quarter of 2013 through November was 316,137 carloads, an increase of 160,848 carloads, or 103.6%, compared to G&W’s traffic in the fourth quarter of 2012 through November, and an increase 17,537 carloads, or 5.9%, compared to total fourth quarter of 2012 through November carloads pro forma for the RA acquisition.

The table below sets forth consolidated summary carload information for November 2013 and November 2012:

                         

November 2012

% Change

Consolidated G&W

November
2013(1)

G&W       RA       Pro Forma(2) G&W       Pro Forma(2)
Coal & Coke 27,440 13,641       10,915       24,556 101.2%       11.7%
Agricultural Products 20,782 5,624 12,784 18,408 269.5% 12.9%
Minerals & Stone 15,965 11,016 6,340 17,356 44.9% -8.0%
Pulp & Paper 13,572 8,522 4,490 13,012 59.3% 4.3%
Metals 13,346 7,076 5,226 12,302 88.6% 8.5%
Chemicals & Plastics 12,262 5,681 7,633 13,314 115.8% -7.9%
Lumber & Forest Products 10,661 6,166 4,522 10,688 72.9% -0.3%
Petroleum Products 8,977 2,391 5,097 7,488 275.4% 19.9%
Intermodal 6,752 6,055 - 6,055 11.5% 11.5%
Metallic Ores 6,713 3,674 760 4,434 82.7% 51.4%
Food or Kindred Products 4,786 991 3,507 4,498 382.9% 6.4%
Waste 3,472 2,106 1,690 3,796 64.9% -8.5%
Autos & Auto Parts 3,339 959 1,844 2,803 248.2% 19.1%
Other 4,241 1,146       4,626       5,772 270.1% -26.5%
Total carloads 152,308 75,048       69,434       144,482 102.9% 5.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Coal & coke traffic increased 2,884 carloads primarily due to increased shipments in G&W’s Central, Midwest and Ohio Valley regions. Agricultural products traffic increased 2,374 carloads primarily due to increased shipments in G&W’s Australia and Ohio Valley regions, partially offset by decreased shipments in G&W’s Midwest Region. Metallic ores traffic increased 2,279 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. All remaining traffic increased by a net 289 carloads.

The table below sets forth consolidated summary carload information for the fourth quarter of 2013 through November and the fourth quarter of 2012 through November:

                         

QTD Nov 2012

% Change

Consolidated G&W

QTD Nov
2013(1)

G&W       RA       Pro Forma(2) G&W       Pro Forma(2)
Coal & Coke 54,138 29,194       21,362       50,556 85.4%       7.1%
Agricultural Products 39,556 11,157 27,642 38,799 254.5% 2.0%
Minerals & Stone 35,885 22,823 13,354 36,177 57.2% -0.8%
Metals 28,864 14,326 10,452 24,778 101.5% 16.5%
Pulp & Paper 28,080 17,339 9,554 26,893 61.9% 4.4%
Chemicals & Plastics 26,283 11,500 15,199 26,699 128.5% -1.6%
Lumber & Forest Products 22,573 12,812 9,348 22,160 76.2% 1.9%
Petroleum Products 17,985 4,876 10,118 14,994 268.8% 19.9%
Metallic Ores 13,902 7,686 1,540 9,226 80.9% 50.7%
Intermodal 13,675 12,595 - 12,595 8.6% 8.6%
Food or Kindred Products 10,401 2,169 7,700 9,869 379.5% 5.4%
Waste 7,696 4,256 3,504 7,760 80.8% -0.8%
Autos & Auto Parts 6,842 1,820 3,970 5,790 275.9% 18.2%
Other 10,257 2,736       9,568       12,304 274.9% -16.6%
Total carloads 316,137 155,289       143,311       298,600 103.6% 5.9%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Metallic ores traffic increased 4,676 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Metals traffic increased 4,086 carloads primarily due to increased shipments in G&W’s Northeast, Southern and Canada regions. Coal & coke traffic increased 3,582 carloads primarily due to increased shipments in G&W’s Central and Ohio Valley regions, partially offset by decreased shipments in G&W’s Mountain West Region. Petroleum products traffic increased 2,991 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Ohio Valley and Canada regions. G&W’s Other commodity group traffic decreased 2,047 carloads primarily due to non-recurring Class 1 detour train volumes that moved in the comparable period of 2012 in G&W’s Central Region. All remaining traffic increased by a net 4,249 carloads.

Carload Reporting for RailAmerica Inc. Traffic

November 2012 and the fourth quarter of 2012 through November carloads from RailAmerica Inc. railroads include eliminations of 1,443 and 3,399 carloads, respectively, compared to RailAmerica’s historically reported figures to remove duplication of traffic that interchanges with another owned railroad. This elimination conforms with G&W’s reporting policy. Also, starting in January 2013, G&W has re-allocated certain products within the reported commodity groups. The carload information included in this release presents both 2013 and 2012 on a consistent basis for these changes.

Other

Historically, G&W has found that carload information may be indicative of freight revenues on its railroads, but may not be indicative of total revenues, operating expenses, operating income or net income. Car movements related to railcar switching, including activities at port terminals, are excluded from our carload information as the resulting revenues are classified as non-freight.

About G&W

G&W owns and operates short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, G&W operates the 1,400-mile Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 111 railroads organized in 11 regions, with nearly 15,000 miles of owned and leased track, 4,600 employees and over 2,000 customers. We provide rail service at 35 ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.

For more information, visit gwrr.com.

Exhibit

The table below sets forth North American carloading information for November 2013 and November 2012:

                         

November 2012

% Change

North American Operations:

November
2013(1)

G&W       RA       Pro Forma(2) G&W       Pro Forma(2)
Coal & Coke 27,440 13,641       10,915       24,556 101.2%       11.7%
Agricultural Products 15,222 4,131 12,784 16,915 268.5% -10.0%
Pulp & Paper 13,572 8,522 4,490 13,012 59.3% 4.3%
Metals 13,346 7,076 5,226 12,302 88.6% 8.5%
Minerals & Stone 12,710 5,813 6,340 12,153 118.6% 4.6%
Chemicals & Plastics 12,262 5,681 7,633 13,314 115.8% -7.9%
Lumber & Forest Products 10,661 6,166 4,522 10,688 72.9% -0.3%
Petroleum Products 8,953 2,368 5,097 7,465 278.1% 19.9%
Food or Kindred Products 4,786 991 3,507 4,498 382.9% 6.4%
Waste 3,472 2,106 1,690 3,796 64.9% -8.5%
Autos & Auto Parts 3,339 959 1,844 2,803 248.2% 19.1%
Metallic Ores 1,606 880 760 1,640 82.5% -2.1%
Intermodal 844 376 - 376 124.5% 124.5%
Other 4,241 1,146       4,626       5,772 270.1% -26.5%
Total carloads 132,454 59,856       69,434       129,290 121.3% 2.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

The table below sets forth North American carloading information for the fourth quarter of 2013 through November and the fourth quarter of 2012 through November:

                         

QTD Nov 2012

% Change

North American Operations:

QTD Nov
2013(1)

G&W       RA       Pro Forma(2) G&W       Pro Forma(2)
Coal & Coke 54,138 29,194       21,362       50,556 85.4%       7.1%
Agricultural Products 31,705 8,087 27,642 35,729 292.0% -11.3%
Metals 28,864 14,326 10,452 24,778 101.5% 16.5%
Minerals & Stone 28,102 12,162 13,354 25,516 131.1% 10.1%
Pulp & Paper 28,080 17,339 9,554 26,893 61.9% 4.4%
Chemicals & Plastics 26,283 11,500 15,199 26,699 128.5% -1.6%
Lumber & Forest Products 22,573 12,812 9,348 22,160 76.2% 1.9%
Petroleum Products 17,931 4,819 10,118 14,937 272.1% 20.0%
Food or Kindred Products 10,401 2,169 7,700 9,869 379.5% 5.4%
Waste 7,696 4,256 3,504 7,760 80.8% -0.8%
Autos & Auto Parts 6,842 1,820 3,970 5,790 275.9% 18.2%
Metallic Ores 3,450 1,971 1,540 3,511 75.0% -1.7%
Intermodal 2,026 1,053 - 1,053 92.4% 92.4%
Other 10,257 2,736       9,568       12,304 274.9% -16.6%
Total carloads 278,348 124,244       143,311       267,555 124.0% 4.0%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

The table below sets forth Australian carloading information for November 2013 and November 2012:

                         
Australian Operations:

November
2013

November
2012

     

%
Change

Intermodal 5,908 5,679 4.0%
Agricultural Products 5,560 1,493 272.4%
Metallic Ores 5,107 2,794 82.8%
Minerals & Stone 3,255 5,203 -37.4%
Petroleum Products 24 23 4.3%
Total carloads 19,854 15,192 30.7%
 

The table below sets forth Australian carloading information for the fourth quarter of 2013 through November and the fourth quarter of 2012 through November:

                         
Australian Operations:

QTD Nov
2013

QTD Nov
2012

     

%
Change

Intermodal 11,649 11,542 0.9%
Metallic Ores 10,452 5,715 82.9%
Agricultural Products 7,851 3,070 155.7%
Minerals & Stone 7,783 10,661 -27.0%
Petroleum Products 54 57 -5.3%
Total carloads 37,789 31,045 21.7%
 

Contact:
Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-202-8900
Vice President – Corporate Development & Treasurer
http://www.gwrr.com

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