Genesee & Wyoming Reports Traffic for January 2013

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&W

G&W

RA

Pro Forma(2)

G&W

Pro Forma(2)

Coal & Coke

27,367

13,136

12,342

25,478

108.3%

7.4%

Agricultural Products

21,448

9,119

11,563

20,682

135.2%

3.7%

Minerals & Stone

16,503

10,102

5,874

15,976

63.4%

3.3%

Pulp & Paper

15,030

8,367

4,877

13,244

79.6%

13.5%

Chemicals & Plastics

14,431

5,908

7,292

13,200

144.3%

9.3%

Metals

14,396

8,921

6,218

15,139

61.4%

-4.9%

Lumber & Forest Products

11,269

5,283

3,971

9,254

113.3%

21.8%

Petroleum Products

9,865

2,073

4,441

6,514

375.9%

51.4%

Intermodal

5,363

3,528

-

3,528

52.0%

52.0%

Metallic Ores

5,077

1,731

970

2,701

193.3%

88.0%

Food or Kindred Products

4,473

771

4,068

4,839

480.2%

-7.6%

Waste

3,236

1,865

1,804

3,669

73.5%

-11.8%

Autos & Auto Parts

2,465

701

1,573

2,274

251.6%

8.4%

Other

5,104

1,382

4,705

6,087

269.3%

-16.1%

Total carloads

156,027

72,887

69,698

142,585

114.1%

9.4%

Carloads from New Railroads(3)

3,310

Same-railroad carloads

152,717

72,887

69,698

142,585

109.5%

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 & Coke

27,367

13,136

12,342

25,478

108.3%

7.4%

Agricultural Products

17,002

4,203

11,563

15,766

304.5%

7.8%

Pulp & Paper

15,030

8,367

4,877

13,244

79.6%

13.5%

Chemicals & Plastics

14,431

5,908

7,292

13,200

144.3%

9.3%

Metals

14,396

8,921

6,218

15,139

61.4%

-4.9%

Minerals & Stone

11,572

5,077

5,874

10,951

127.9%

5.7%

Lumber & Forest Products

11,269

5,283

3,971

9,254

113.3%

21.8%

Petroleum Products

9,845

2,036

4,441

6,477

383.5%

52.0%

Food or Kindred Products

4,473

771

4,068

4,839

480.2%

-7.6%

Waste

3,236

1,865

1,804

3,669

73.5%

-11.8%

Autos & Auto Parts

2,465

701

1,573

2,274

251.6%

8.4%

Metallic Ores

1,747

920

970

1,890

89.9%

-7.6%

Intermodal

496

170

-

170

191.8%

191.8%

Other

5,104

1,382

4,705

6,087

269.3%

-16.1%

Total carloads

138,433

58,740

69,698

128,438

135.7%

7.8%

Carloads from New Railroads(3)

3,310

Same-railroad carloads

135,123

58,740

69,698

128,438

130.0%

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:

2013

2012

% Change

Minerals & Stone

4,931

5,025

-1.9%

Intermodal

4,867

3,358

44.9%

Agricultural Products

4,446

4,916

-9.6%

Metallic Ores

3,330

811

310.6%

Petroleum Products

20

37

-45.9%

Total carloads

17,594

14,147

24.4%

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 & Coke

72,594

72,513

88,582

73,602

307,291

Agricultural Products

64,237

63,819

50,440

57,312

235,808

Minerals & Stone

48,350

60,098

55,503

51,069

215,020

Metals

46,448

42,740

40,618

38,157

167,963

Pulp & Paper

38,800

38,383

41,860

40,410

159,453

Chemicals & Plastics

39,513

39,382

39,450

39,037

157,382

Lumber & Forest Products

28,929

31,952

32,090

32,647

125,618