Genesee & Wyoming Reports Traffic for May 2013

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Genesee & Wyoming Reports Traffic for May 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for May 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 May 2013 was 167,527 carloads, an increase of 88,991 carloads, or 113.3%, compared to G&W's traffic in May 2012, and an increase of 15,166 carloads, or 10.0%, compared to total May 2012 carloads pro forma for the RA acquisition. G&W's traffic in the second quarter of 2013 through May was 325,222 carloads, an increase of 169,060 carloads, or 108.3%, compared to G&W's traffic in the second quarter of 2012 through May, and an increase of 25,914 carloads, or 8.7%, compared to total second quarter of 2012 through May carloads pro forma for the RA acquisition.

The tables below set forth consolidated summary carload information for May 2013 and May 2012:

     

May 2012

% Change

Consolidated G&W

May

2013(1)

G&WRAPro Forma(2)G&WPro Forma(2)
Coal & Coke28,07911,29811,06922,367148.5%25.5%
Agricultural Products21,8659,28813,00422,292135.4%-1.9%
Minerals & Stone21,12712,4178,73621,15370.1%-0.1%
Metals15,6058,7176,55315,27079.0%2.2%
Chemicals & Plastics14,7005,7257,66213,387156.8%9.8%
Pulp & Paper13,5958,1545,04113,19566.7%3.0%
Lumber & Forest Products11,6825,8525,16611,01899.6%6.0%
Petroleum Products9,7461,9493,5525,501400.1%77.2%
Metallic Ores6,3064,1218234,94453.0%27.5%
Intermodal6,1576,150-6,1500.1%0.1%
Food or Kindred Products4,5459104,1415,051399.5%-10.0%
Waste3,9611,7631,8193,582124.7%10.6%
Autos & Auto Parts3,6208061,8882,694349.1%34.4%
Other6,5391,3864,3715,757371.8%13.6%
Total carloads167,52778,53673,825152,361113.3%10.0%
Carloads from New Railroads(3)1,380
Same-railroad carloads166,14778,53673,825152,361111.6%9.0%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
(3) Total carloads from the Columbus & Chattahoochee Railroad, Inc. which started operations on July 1, 2012
 

Excluding 1,380 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 13,786 carloads, or 9.0%, compared to May 2012. Coal & coke traffic increased 5,712 carloads primarily due to increased shipments in G&W's Midwest, Northeast and Central regions. Petroleum products traffic increased 4,153 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W's Pacific, Canada, Southern and Mountain West regions. All remaining traffic increased by a net 3,921 carloads.

The tables below set forth consolidated summary carload information for the second quarter of 2013 through May and the second quarter of 2012 through May:

     

QTD May 2012

% Change

Consolidated G&W

QTD May

2013(1)

G&WRA

Pro

Forma(2)

G&WPro Forma(2)
Coal & Coke52,10524,94022,30147,241108.9%10.3%
Agricultural Products41,82118,98625,00343,989120.3%-4.9%
Minerals & Stone41,30724,25416,35740,61170.3%1.7%
Metals30,44417,05413,03830,09278.5%1.2%
Chemicals & Plastics29,30811,44814,84026,288156.0%11.5%
Pulp & Paper27,46315,6489,65925,30775.5%8.5%
Lumber & Forest Products23,72511,6189,63321,251104.2%11.6%
Petroleum Products19,4924,0307,20811,238383.7%73.4%
Metallic Ores11,8487,6381,5859,22355.1%28.5%
Intermodal11,57510,892-10,8926.3%6.3%
Food or Kindred Products9,2201,7027,7679,469441.7%-2.6%
Waste7,4603,4013,8697,270119.3%2.6%
Autos & Auto Parts6,6771,6583,6805,338302.7%25.1%
Other12,7772,8938,20611,099341.7%15.1%
Total carloads325,222156,162143,146299,308108.3%8.7%
Carloads from New Railroads(3)3,907
Same-railroad carloads321,315156,162143,146299,308105.8%7.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI 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
Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.
 

Excluding 1,274 carloads of traffic in April 2013 from Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and 2,633 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 22,007 carloads, or 7.4%, compared with the second quarter of 2012 through May. The traffic increase was principally due to increases of 8,083 carloads of petroleum products traffic (primarily crude oil and liquid propane gases in G&W's Pacific, Canada, Southern and Mountain West regions), 4,864 carloads of coal & coke traffic (primarily G&W's Midwest, Central, Northeast and Mountain West regions, offset by lower shipments in G&W's Ohio Valley region) and 2,625 carloads of metallic ores traffic (primarily G&W's Australia Region). All remaining traffic increased by a net 6,435 carloads.

Carload Reporting for RailAmerica Inc. Traffic

May 2012 and the second quarter of 2012 through May carloads from RailAmerica Inc. railroads include eliminations of 1,559 and 3,800 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 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 May 2013 and May 2012:

     

May 2012

% Change

North American Operations:

May

2013(1)

G&WRAPro Forma(2)G&WPro Forma(2)
Coal & Coke28,07911,29811,06922,367148.5%25.5%
Minerals & Stone15,6306,9598,73615,695124.6%-0.4%
Metals15,6058,7176,55315,27079.0%2.2%
Agricultural Products15,3713,24113,00416,245374.3%-5.4%
Chemicals & Plastics14,7005,7257,66213,387156.8%9.8%
Pulp & Paper13,5958,1545,04113,19566.7%3.0%
Lumber & Forest Products11,6825,8525,16611,01899.6%6.0%
Petroleum Products9,7201,9053,5525,457410.2%78.1%
Food or Kindred Products4,5459104,1415,051399.5%-10.0%
Waste3,9611,7631,8193,582124.7%10.6%
Autos & Auto Parts3,6208061,8882,694349.1%34.4%
Metallic Ores1,7339978231,82073.8%-4.8%
Intermodal555780-780-28.8%-28.8%
Other6,5391,3864,3715,757371.8%13.6%
Total carloads145,33558,49373,825132,318148.5%9.8%
Carloads from New Railroads(3)1,380
Same-railroad carloads143,95558,49373,825132,318146.1%8.8%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
(3) Total carloads from the Columbus & Chattahoochee Railroad, Inc. which started operations on July 1, 2012
 

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

     

QTD May 2012

% Change

North American Operations:

QTD May

2013(1)

G&WRA

Pro

Forma(2)

G&WPro Forma(2)
Coal & Coke52,10524,94022,30147,241108.9%10.3%
Metals30,44417,05413,03830,09278.5%1.2%
Minerals & Stone30,40513,45816,35729,815125.9%2.0%
Chemicals & Plastics29,30811,44814,84026,288156.0%11.5%
Agricultural Products29,0457,20225,00332,205303.3%-9.8%
Pulp & Paper27,46315,6489,65925,30775.5%8.5%
Lumber & Forest Products23,72511,6189,63321,251104.2%11.6%
Petroleum Products19,4443,9567,20811,164391.5%74.2%
Food or Kindred Products9,2201,7027,7679,469441.7%-2.6%
Waste7,4603,4013,8697,270119.3%2.6%
Autos & Auto Parts6,6771,6583,6805,338302.7%25.1%
Metallic Ores3,4481,9301,5853,51578.7%-1.9%
Intermodal9001,094-1,094-17.7%-17.7%
Other12,7772,8938,20611,099341.7%15.1%
Total carloads282,421118,002143,146261,148139.3%8.1%
Carloads from New Railroads(3)3,907
Same-railroad carloads278,514118,002143,146261,148136.0%6.6%
(1) Total carloads from G&W and RA
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