Genesee & Wyoming Reports Traffic for September and the Third Quarter of 2013

Business Wire

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

Genesee & Wyoming Inc. (G&W) (GWR) today reported traffic volumes for September 2013 and the third quarter of 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 September 2013 was 155,650 carloads, an increase of 76,411 carloads, or 96.4%, compared to G&W’s traffic in September 2012, and an increase of 10,875 carloads, or 7.5%, compared to total September 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the third quarter of 2013 was 482,823 carloads, an increase of 240,040 carloads, or 98.9%, compared to G&W’s traffic in the third quarter of 2012, and an increase 30,630 carloads, or 6.8%, compared to total third quarter of 2012 carloads pro forma for the RA acquisition.

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

           

September 2012

   

% Change

September

         
Consolidated G&W

2013(1)

G&W   RA   Pro Forma(2) G&W   Pro Forma(2)
Coal & Coke 28,850 18,090 11,739 29,829 59.5% -3.3%
Minerals & Stone 19,021 10,987 6,836 17,823 73.1% 6.7%
Metals 15,268 7,675 5,873 13,548 98.9% 12.7%
Agricultural Products 14,816 5,183 9,534 14,717 185.9% 0.7%
Pulp & Paper 14,529 8,376 4,642 13,018 73.5% 11.6%
Chemicals & Plastics 12,512 5,342 7,036 12,378 134.2% 1.1%
Lumber & Forest Products 10,888 6,195 4,263 10,458 75.8% 4.1%
Petroleum Products 7,969 2,286 4,440 6,726 248.6% 18.5%
Intermodal 6,307 6,187 - 6,187 1.9% 1.9%
Metallic Ores 6,061 3,965 730 4,695 52.9% 29.1%
Food or Kindred Products 4,591 1,017 3,479 4,496 351.4% 2.1%
Waste 4,005 1,658 1,574 3,232 141.6% 23.9%
Autos & Auto Parts 3,099 904 1,816 2,720 242.8% 13.9%
Other 7,734   1,374     3,574   4,948 462.9% 56.3%
Total carloads 155,650   79,239     65,536   144,775 96.4% 7.5%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Traffic from G&W’s Other commodity group increased 2,786 carloads primarily due to detoured Class I trains in G&W’s Central Region. Metals traffic increased 1,720 carloads primarily due to increased shipments in G&W’s Northeast and Southern regions. Pulp & paper traffic increased 1,511 carloads due to increased shipments across all G&W regions. Metallic ores traffic increased 1,366 carloads due to increased iron ore shipments in G&W’s Australia Region. All remaining traffic increased by a net 3,492 carloads.

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

           

3rd Qtr 2012

   

% Change

3rd Qtr

     
Consolidated G&W

2013(1)

G&W   RA   Pro Forma(2) G&W   Pro Forma(2)
Coal & Coke 84,635   52,978   35,604 88,582 59.8% -4.5%
Minerals & Stone 58,132 32,843 22,660 55,503 77.0% 4.7%
Agricultural Products 54,085 20,291 30,149 50,440 166.5% 7.2%
Metals 46,562 22,077 18,541 40,618 110.9% 14.6%
Pulp & Paper 44,630 27,213 14,647 41,860 64.0% 6.6%
Chemicals & Plastics 40,796 17,114 22,336 39,450 138.4% 3.4%
Lumber & Forest Products 33,143 18,596 13,494 32,090 78.2% 3.3%
Petroleum Products 25,645 6,704 14,116 20,820 282.5% 23.2%
Intermodal 20,013 17,754 - 17,754 12.7% 12.7%
Metallic Ores 19,412 11,707 2,402 14,109 65.8% 37.6%
Food or Kindred Products 13,476 3,007 11,388 14,395 348.2% -6.4%
Waste 12,048 5,612 5,375 10,987 114.7% 9.7%
Autos & Auto Parts 9,024 2,574 5,026 7,600 250.6% 18.7%
Other 21,222   4,313     13,672   17,985 392.0% 18.0%
Total carloads 482,823   242,783     209,410   452,193 98.9% 6.8%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Metals traffic increased 5,944 carloads primarily due to increased shipments in G&W’s Southern and Northeast regions. Metallic ores traffic increased 5,303 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Petroleum products traffic increased 4,825 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Southern and Canada regions. Agricultural products traffic increased 3,645 carloads primarily due to increased shipments in G&W’s Australia and Southern regions, partially offset by decreased shipments in G&W’s Pacific Region. Coal & coke traffic decreased 3,947 carloads primarily due to decreased shipments in G&W’s Mountain West and Central regions, partially offset by increased shipments in G&W’s Midwest Region. All remaining traffic increased by a net 14,860 carloads.

Carload Reporting for RailAmerica Inc. Traffic

September 2012 and the third quarter of 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,575 and 4,947 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 36 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 September 2013 and September 2012:

           

September 2012

   

% Change

September

     
North American Operations:

2013(1)

G&W   RA   Pro Forma(2) G&W   Pro Forma(2)
Coal & Coke 28,850   18,090   11,739 29,829 59.5% -3.3%
Metals 15,268 7,675 5,873 13,548 98.9% 12.7%
Pulp & Paper 14,529 8,376 4,642 13,018 73.5% 11.6%
Minerals & Stone 14,248 6,002 6,836 12,838 137.4% 11.0%
Chemicals & Plastics 12,512 5,342 7,036 12,378 134.2% 1.1%
Agricultural Products 11,925 2,651 9,534 12,185 349.8% -2.1%
Lumber & Forest Products 10,888 6,195 4,263 10,458 75.8% 4.1%
Petroleum Products 7,949 2,255 4,440 6,695 252.5% 18.7%
Food or Kindred Products 4,591 1,017 3,479 4,496 351.4% 2.1%
Waste 4,005 1,658 1,574 3,232 141.6% 23.9%
Autos & Auto Parts 3,099 904 1,816 2,720 242.8% 13.9%
Metallic Ores 1,430 1,026 730 1,756 39.4% -18.6%
Intermodal 811 321 - 321 152.6% 152.6%
Other 7,734   1,374     3,574   4,948 462.9% 56.3%
Total carloads 137,839   62,886     65,536   128,422 119.2% 7.3%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

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

           

3rd Qtr 2012

   

% Change

3rd Qtr

     
North American Operations:

2013(1)

G&W   RA   Pro Forma(2) G&W   Pro Forma(2)
Coal & Coke 84,635   52,978   35,604 88,582 59.8% -4.5%
Metals 46,562 22,077 18,541 40,618 110.9% 14.6%
Pulp & Paper 44,630 27,213 14,647 41,860 64.0% 6.6%
Minerals & Stone 43,923 18,063 22,660 40,723 143.2% 7.9%
Chemicals & Plastics 40,796 17,114 22,336 39,450 138.4% 3.4%
Agricultural Products 40,188 9,841 30,149 39,990 308.4% 0.5%
Lumber & Forest Products 33,143 18,596 13,494 32,090 78.2% 3.3%
Petroleum Products 25,566 6,605 14,116 20,721 287.1% 23.4%
Food or Kindred Products 13,476 3,007 11,388 14,395 348.2% -6.4%
Waste 12,048 5,612 5,375 10,987 114.7% 9.7%
Autos & Auto Parts 9,024 2,574 5,026 7,600 250.6% 18.7%
Metallic Ores 4,780 3,119 2,402 5,521 53.3% -13.4%
Intermodal 2,777 1,056 - 1,056 163.0% 163.0%
Other 21,222   4,313     13,672   17,985 392.0% 18.0%
Total carloads 422,770   192,168     209,410   401,578 120.0% 5.3%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

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

       

September

   

September

 
Australian Operations:

2013

2012

  % Change
Intermodal 5,496 5,866 -6.3%
Minerals & Stone 4,773 4,985 -4.3%
Metallic Ores 4,631 2,939 57.6%
Agricultural Products 2,891 2,532 14.2%
Petroleum Products 20 31 -35.5%
Total carloads 17,811 16,353 8.9%
 

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

       

3rd Qtr

     

3rd Qtr

 
Australian Operations:

2013

2012

  % Change
Intermodal 17,236 16,698 3.2%
Metallic Ores 14,632 8,588 70.4%
Minerals & Stone 14,209 14,780 -3.9%
Agricultural Products 13,897 10,450 33.0%
Petroleum Products 79 99 -20.2%
Total carloads 60,053 50,615 18.6%

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

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