Genesee & Wyoming Inc. Reports Traffic for December 2012 and the Fourth Quarter of 2012

Genesee & Wyoming Inc. Reports Traffic for December 2012 and the Fourth Quarter of 2012

GREENWICH, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (GWI) (NYS: GWR) today reported traffic volumes for December 2012 and the fourth quarter of 2012.

On October 1, 2012, GWI acquired RailAmerica Inc. and immediately following the closing of the acquisition, control of RailAmerica was placed into a voting trust until the U.S. Surface Transportation Board (STB) issued its decision on GWI's application to control RailAmerica's railroads. The STB issued a final decision that allowed GWI to control RailAmerica's railroads on December 28, 2012 and the voting trust that controlled RailAmerica was dissolved on that date.


For the fourth quarter of 2012, GWI accounted for its ownership of RailAmerica under the equity method of accounting and RailAmerica reported its carloadings independent of those of GWI. RailAmerica's carload press release can be found on www.railamerica.com. GWI will report consolidated traffic volumes, including carloads from the RailAmerica railroads, beginning with the press release for January 2013 traffic.

GWI's traffic in December 2012 was 74,529 carloads, a decrease of 7,480 carloads, or 9.1 percent, compared with December 2011. GWI's traffic in the fourth quarter of 2012 was 229,818 carloads, a decrease of 16,976 carloads, or 6.9 percent, compared to the fourth quarter of 2011.

The table below sets forth consolidated carloading information for December 2012 and December 2011. Additional carload information for GWI's North American and Australian operations is included as an exhibit to this press release.

Genesee & Wyoming Inc.

by Commodity Group

December

December

2012

2011

% Change

Consolidated:

Coal & Coke

12,352

18,145

-31.9%

Minerals & Stone

9,126

10,504

-13.1%

Pulp & Paper

8,577

8,223

4.3%

Farm & Food Products

8,135

10,655

-23.7%

Metals

7,712

7,017

9.9%

Intermodal*

6,191

5,712

8.4%

Lumber & Forest Products

5,991

5,301

13.0%

Chemicals & Plastics

5,354

5,376

-0.4%

Metallic Ores**

4,289

2,560

67.5%

Petroleum Products

3,153

2,438

29.3%

Autos & Auto Parts

802

692

15.9%

Other

2,847

5,386

-47.1%

Total carloads

74,529

82,009

-9.1%

* - Represents intermodal units

** - Includes carloads and intermodal units

Excluding 169 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, and 1,336 carloads from the Columbus & Chattahoochee Railroad, Inc. (CCH), which commenced operations on July 1, 2012, same-railroad traffic in December 2012 decreased 8,985 carloads, or 11.0 percent, compared with December 2011. Coal & coke traffic decreased 5,793 carloads primarily due to reduced shipments in GWI's Illinois, Mountain West and Ohio Regions. The decrease in coal shipments was largely due to timing of shipments in GWI's Illinois Region and a planned maintenance outage at a coal utility in GWI's Ohio Region. Farm & food products traffic decreased 2,593 carloads primarily due to reduced shipments in GWI's Australia Region as a result of an accelerated shipping schedule earlier in 2012, as well as a mechanical failure at an export grain terminal in Adelaide, South Australia. The export grain terminal reopened in January 2013. GWI's other commodity group traffic decreased 2,539 carloads in December 2012 primarily due to the cessation of overhead coal shipments in GWI's Ohio Region. Minerals & stone traffic decreased 1,627 carloads primarily due to reduced salt shipments in GWI's New York/Pennsylvania Region resulting from the mild 2011/2012 winter weather. These decreases were partially offset by a 1,729 carload increase in metallic ores traffic primarily due to a new iron ore contract in GWI's Australia Region. All remaining traffic increased by a net 1,838 carloads.

The table below sets forth consolidated carloading information for the fourth quarter of 2012 and the fourth quarter of 2011. Additional carload information for GWI's North American and Australian operations is included as an exhibit to this press release.

Genesee & Wyoming Inc.

by Commodity Group

4th Qtr

4th Qtr

2012

2011

% Change

Consolidated:

Coal & Coke

41,553

50,473

-17.7%

Minerals & Stone

31,859

34,410

-7.4%

Pulp & Paper

25,787

23,572

9.4%

Metals

22,078

22,667

-2.6%

Farm & Food Products

20,795

29,286

-29.0%

Lumber & Forest Products

18,992

15,764

20.5%

Intermodal*

18,786

17,212

9.1%

Chemicals & Plastics

16,368

16,025

2.1%

Metallic Ores**

11,975

8,845

35.4%

Petroleum Products

9,073

7,623

19.0%

Autos & Auto Parts

2,622

2,246

16.7%

Other

9,930

18,671

-46.8%

Total carloads

229,818

246,794

-6.9%

* - Represents intermodal units

** - Includes carloads and intermodal units

Excluding 504 carloads from HAL and 3,993 carloads from CCH, same-railroad traffic in the fourth quarter of 2012 decreased 21,473 carloads, or 8.7 percent, compared with the fourth quarter of 2011. The traffic decrease was principally due to decreases of 8,920 carloads of coal & coke traffic (primarily GWI's Illinois and Ohio Regions), 8,763 carloads of farm & food products traffic (primarily grain in GWI's Australia Region), 8,741 carloads of other commodity group traffic (primarily overhead coal in GWI's Ohio Region) and 3,225 carloads of minerals & stone traffic (primarily salt in GWI's New York/Pennsylvania Region). These declines were partially offset by increases of 3,130 carloads of metallic ores traffic (primarily GWI's Australia Region) and 3,125 carloads of lumber & forest products traffic (primarily GWI's Oregon Region). All remaining traffic increased by a net 1,921 carloads.

Carload Reporting for Metallic Ores Traffic

Effective January 1, 2012, a portion of GWI's metallic ores commodity group includes intermodal containers as a result of a change in rail logistics and equipment for a customer in GWI's Australia Region. The impact of this change increased traffic by 505 carloads in December 2012 and 1,497 carloads in the fourth quarter of 2012.

Other

Historically, GWI 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 performs contract coal loading and railcar switching for industrial customers.

Exhibit

The table below sets forth North American carloading information for December 2012 and December 2011:

December

December

2012

2011

% Change

North America Operations:

Coal & Coke

12,352

18,145

-31.9%

Pulp & Paper

8,577

8,223

4.3%

Metals

7,712

7,017

9.9%

Lumber & Forest Products

5,991

5,301

13.0%

Chemicals & Plastics

5,354

5,376

-0.4%

Minerals & Stone

4,590

6,277

-26.9%

Farm & Food Products

3,959

4,625

-14.4%

Petroleum Products

3,127

2,398

30.4%

Autos & Auto Parts

802

692

15.9%

Metallic Ores

681

1,009

-32.5%

Intermodal*

191

200

-4.5%

Other

2,847

5,386

-47.1%

Total carloads

56,183

64,649

-13.1%

* - Represents intermodal units

The table below sets forth North American carloading information for the fourth quarter of 2012 and the fourth quarter of 2011:

4th Qtr

4th Qtr

2012

2011

% Change

North America Operations:

Coal & Coke

41,553

50,473

-17.7%

Pulp & Paper

25,787

23,572

9.4%

Metals

22,078

22,667

-2.6%

Lumber & Forest Products

18,992

15,764

20.5%

Minerals & Stone

16,662

21,096

-21.0%

Chemicals & Plastics

16,368

16,025

2.1%

Farm & Food Products

13,549

12,300

10.2%

Petroleum Products

8,990

7,504

19.8%

Metallic Ores

2,652

3,187

-16.8%

Autos & Auto Parts

2,622

2,246

16.7%

Intermodal*

1,244

712

74.7%

Other

9,930

18,671

-46.8%

Total carloads

180,427

194,217

-7.1%

* - Represents intermodal units

The table below sets forth Australian carloading information for December 2012 and December 2011:

December

December

2012

2011

% Change

Australian Operations:

Intermodal*

6,000

5,512

8.9%

Minerals & Stone

4,536

4,227

7.3%

Farm & Food Products

4,176

6,030

-30.7%

Metallic Ores**

3,608

1,551

132.6%

Petroleum Products

26

40

-35.0%

Total carloads

18,346

17,360

5.7%

* - Represents intermodal units

** - Includes carloads and intermodal units

The table below sets forth Australian carloading information for the fourth quarter of 2012 and the fourth quarter of 2011:

4th Qtr

4th Qtr

2012

2011

% Change

Australian Operations:

Intermodal*

17,542

16,500

6.3%

Minerals & Stone

15,197

13,314

14.1%

Metallic Ores**

9,323

5,658

64.8%

Farm & Food Products

7,246

16,986

-57.3%

Petroleum Products

83

119

-30.3%

Total carloads