Genesee & Wyoming Reports Traffic for January 2013

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Genesee & Wyoming Reports Traffic for January 2013

GREENWICH, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for January 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 January 2013 was 156,027 carloads, an increase of 83,140 carloads, or 114.1%, compared to G&W's traffic in January 2012, and an increase of 13,442 carloads, or 9.4%, compared to total January 2012 carloads pro forma for the RA acquisition.

The tables below set forth consolidated summary carload information for January 2013 and January 2012.

    

January
2013(1)

    

January 2012

    

% Change

Consolidated G&WG&W    RA    Pro Forma(2)G&W    Pro Forma(2)
Coal & Coke27,36713,136    12,342    25,478108.3%    7.4%
Agricultural Products21,4489,11911,56320,682135.2%3.7%
Minerals & Stone16,50310,1025,87415,97663.4%3.3%
Pulp & Paper15,0308,3674,87713,24479.6%13.5%
Chemicals & Plastics14,4315,9087,29213,200144.3%9.3%
Metals14,3968,9216,21815,13961.4%-4.9%
Lumber & Forest Products11,2695,2833,9719,254113.3%21.8%
Petroleum Products9,8652,0734,4416,514375.9%51.4%
Intermodal5,3633,528-3,52852.0%52.0%
Metallic Ores5,0771,7319702,701193.3%88.0%
Food or Kindred Products4,4737714,0684,839480.2%-7.6%
Waste3,2361,8651,8043,66973.5%-11.8%
Autos & Auto Parts2,4657011,5732,274251.6%8.4%
Other5,1041,382    4,705    6,087269.3%-16.1%
Total carloads156,02772,887    69,698    142,585114.1%9.4%
Carloads from New Railroads(3)3,310
Same-railroad carloads152,71772,887    69,698    142,585109.5%7.1%
(1) Total carloads from G&W and RA
(2)Pro forma as though G&W had acquired RailAmerica on January 1, 2012
(3)Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, LLC; Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

Excluding 3,310 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 10,132 carloads, or 7.1%, compared to January 2012. Petroleum products increased 3,156 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W's Pacific, Southern, Mountain West and Canada regions. Metallic ores traffic increased 2,376 carloads primarily due to increased shipments in G&W's Australia Region as a result of the start-up of a new iron ore mine and 2012 traffic levels being negatively affected by the Edith River Bridge closure. Lumber & forest products traffic increased 1,946 carloads primarily due to increased shipments in G&W's Pacific Region. Coal & coke traffic increased 1,889 carloads primarily due to increased shipments in G&W's Midwest Region, offset by a decline in G&W's Ohio Valley Region primarily due to the cessation of overhead coal shipments (formerly reported in G&W's Other commodity group). Intermodal traffic increased 1,835 units primarily due to increased shipments in G&W's Australia Region as a result of 2012 traffic levels being negatively affected by the Edith River Bridge closure. All remaining traffic decreased by a net 1,070 carloads.

Carload Reporting for RailAmerica Inc. Traffic

January 2012 carloads from RailAmerica Inc. railroads include eliminations of 2,039 carloads 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 January 2013 and January 2012 on a consistent basis for these changes. Total pro forma 2012 carloads, as though G&W had acquired RA on January 1, 2012, are presented as an exhibit to this press release on a quarterly basis and inclusive of eliminations of 22,519 carloads.

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 more than 15,000 miles of owned and leased track, 4,500 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 January 2013 and January 2012:

    

January

2013(1)

    

January 2012

    

% Change

North American Operations:G&W    RA    Pro Forma(2)G&W    Pro Forma(2)
Coal & Coke27,36713,136    12,342    25,478108.3%    7.4%
Agricultural Products17,0024,20311,56315,766304.5%7.8%
Pulp & Paper15,0308,3674,87713,24479.6%13.5%
Chemicals & Plastics14,4315,9087,29213,200144.3%9.3%
Metals14,3968,9216,21815,13961.4%-4.9%
Minerals & Stone11,5725,0775,87410,951127.9%5.7%
Lumber & Forest Products11,2695,2833,9719,254113.3%21.8%
Petroleum Products9,8452,0364,4416,477383.5%52.0%
Food or Kindred Products4,4737714,0684,839480.2%-7.6%
Waste3,2361,8651,8043,66973.5%-11.8%
Autos & Auto Parts2,4657011,5732,274251.6%8.4%
Metallic Ores1,7479209701,89089.9%-7.6%
Intermodal496170-170191.8%191.8%
Other5,1041,382    4,705    6,087269.3%-16.1%
Total carloads138,43358,740    69,698    128,438135.7%7.8%
Carloads from New Railroads(3)3,310
Same-railroad carloads135,12358,740    69,698    128,438130.0%5.2%
(1) Total carloads from G&W and RA
(2)Pro forma as though G&W had acquired RailAmerica on January 1, 2012
(3)Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, LLC; Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

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

    January    January    
Australian Operations:20132012    % Change
Minerals & Stone4,9315,025-1.9%
Intermodal4,8673,35844.9%
Agricultural Products4,4464,916-9.6%
Metallic Ores3,330811310.6%
Petroleum Products2037-45.9%
Total carloads17,59414,14724.4%

The table below sets forth total pro forma G&W carloads for 2012 as though the RA railroads were acquired on January 1, 2012.

Pro Forma 2012 G&W Carloads    Q1 2012    Q2 2012    Q3 2012    Q4 2012    Total 2012
Coal & Coke72,594    72,513    88,582    73,602    307,291
Agricultural Products64,23763,81950,44057,312235,808
Minerals & Stone48,35060,09855,50351,069215,020
Metals46,44842,74040,61838,157167,963
Pulp & Paper38,80038,38341,86040,410159,453
Chemicals & Plastics39,51339,38239,45039,037157,382
Lumber & Forest Products28,92931,95232,09032,647125,618
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