Genesee & Wyoming Reports Traffic for February 2013

Genesee & Wyoming Reports Traffic for February 2013

GREENWICH, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for February 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 February 2013 was 140,200 carloads, an increase of 67,955 carloads, or 94.1%, compared to G&W's traffic in February 2012, and an increase of 747 carloads, or 0.5%, compared to total February 2012 carloads pro forma for the RA acquisition. G&W's traffic in the first quarter of 2013 through February was 296,227 carloads, an increase of 151,095 carloads, or 104.1%, compared to G&W's traffic in the first quarter of 2012 through February, and an increase of 14,189 carloads, or 5.0%, compared to total first quarter of 2012 through February carloads pro forma for the RA acquisition.

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

February 2012

% Change

Consolidated G&W

February

2013(1)

G&W

RA

Pro

Forma(2)

G&W

Pro

Forma(2)

Coal & Coke

23,815

9,672

12,397

22,069

146.2%

7.9%

Agricultural Products

19,264

10,914

10,494

21,408

76.5%

-10.0%

Minerals & Stone

15,839

9,716

5,767

15,483

63.0%

2.3%

Metals

12,985

8,948

6,016

14,964

45.1%

-13.2%

Chemicals & Plastics

12,568

5,555

7,037

12,592

126.2%

-0.2%

Pulp & Paper

12,459

8,205

4,367

12,572

51.8%

-0.9%

Lumber & Forest Products

10,231

5,111

4,467

9,578

100.2%

6.8%

Petroleum Products

8,729

2,218

4,169

6,387

293.6%

36.7%

Intermodal

5,170

4,685

-

4,685

10.4%

10.4%

Metallic Ores

4,627

2,332

934

3,266

98.4%

41.7%

Food or Kindred Products

4,238

807

3,939

4,746

425.2%

-10.7%

Autos & Auto Parts

2,861

792

1,743

2,535

261.2%

12.9%

Waste

2,711

1,708

1,697

3,405

58.7%

-20.4%

Other

4,703

1,582

4,181

5,763

197.3%

-18.4%

Total carloads

140,200

72,245

67,208

139,453

94.1%

0.5%

Carloads from New Railroads(3)

2,759

Same-railroad carloads

137,441

72,245

67,208

139,453

90.2%

-1.4%

(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 Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

Excluding 2,759 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 decreased 2,012 carloads, or 1.4%, compared to February 2012. Agricultural products traffic decreased 2,251 carloads primarily due to decreased shipments in G&W's Canada region. Metals traffic decreased 2,054 carloads primarily due to decreased shipments in G&W's Southern, Rail Link and Ohio Valley regions. Petroleum products traffic increased 2,208 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W's Pacific, Mountain West and Canada regions. Coal & coke traffic increased 1,746 carloads primarily due to increased shipments in G&W's Midwest, Mountain West and Northeast Regions, partially offset by a decline in G&W's Central Region. All remaining traffic decreased by a net 1,661 carloads.

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

QTD Feb 2012

% Change

Consolidated G&W

QTD Feb

2013(1)

G&W

RA

Pro

Forma(2)

G&W

Pro

Forma(2)

Coal & Coke

51,182

22,808

24,739

47,547

124.4%

7.6%

Agricultural Products

40,712

20,033

22,057

42,090

103.2%

-3.3%

Minerals & Stone

32,342

19,818

11,641

31,459

63.2%

2.8%

Pulp & Paper

27,489

16,572

9,244

25,816

65.9%

6.5%

Metals

27,381

17,869

12,234

30,103

53.2%

-9.0%

Chemicals & Plastics

26,999

11,463

14,329

25,792

135.5%

4.7%

Lumber & Forest Products

21,500

10,394

8,438

18,832

106.9%

14.2%

Petroleum Products

18,594

4,291

8,610

12,901

333.3%

44.1%

Intermodal

10,533

8,213

-

8,213

28.2%

28.2%

Metallic Ores

9,704

4,063

1,904

5,967

138.8%

62.6%

Food or Kindred Products

8,711

1,578

8,007

9,585

452.0%

-9.1%

Waste

5,947

3,573

3,501

7,074

66.4%

-15.9%

Autos & Auto Parts

5,326

1,493

3,316

4,809

256.7%

10.8%

Other

9,807

2,964

8,886

11,850

230.9%

-17.2%

Total carloads

296,227

145,132

136,906

282,038

104.1%

5.0%

Carloads from New Railroads(3)

6,069

Same-railroad carloads

290,158

145,132

136,906

282,038

99.9%

2.9%

(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 Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

Excluding 6,069 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 8,120 carloads, or 2.9%, compared with the first quarter of 2012 through February. The traffic increase was principally due to increases of 5,364 carloads of petroleum products traffic (primarily crude oil and liquid propane gases in G&W's Pacific, Mountain West, Southern and Canada Regions), 3,737 carloads of metallic ores traffic (primarily G&W's Australia Region) and 3,635 carloads of coal & coke traffic (primarily G&W's Midwest Region), partially offset by a decrease of 2,905 carloads of metals traffic (primarily G&W's Canada and Southern Regions). All remaining traffic decreased by a net 1,711 carloads.

Carload Reporting for RailAmerica Inc. Traffic

February 2012 and the first quarter of 2012 through February carloads from RailAmerica Inc. railroads include eliminations of 2,382 and 4,421 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 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 February 2013 and February 2012:

February 2012

% Change

North American Operations:

February

2013(1)

G&W

RA

Pro

Forma(2)

G&W

Pro

Forma(2)

Coal & Coke

23,815

9,672

12,397

22,069

146.2%

7.9%

Agricultural Products

14,060

5,302

10,494

15,796

165.2%

-11.0%

Metals

12,985

8,948

6,016

14,964

45.1%

-13.2%

Chemicals & Plastics

12,568

5,555

7,037

12,592

126.2%

-0.2%

Pulp & Paper

12,459

8,205

4,367

12,572

51.8%

-0.9%

Minerals & Stone

10,941

5,244

5,767

11,011

108.6%

-0.6%

Lumber & Forest Products

10,231

5,111

4,467

9,578

100.2%

6.8%

Petroleum Products

8,708

2,171

4,169

6,340

301.1%

37.4%

Food or Kindred Products

4,238

807

3,939

4,746

425.2%

-10.7%

Autos & Auto Parts

2,861

792

1,743

2,535

261.2%

12.9%

Waste

2,711

1,708

1,697

3,405

58.7%

-20.4%

Metallic Ores

1,463

814

934

1,748

79.7%

-16.3%

Intermodal

684

238

-

238

187.4%

187.4%

Other

4,703

1,582

4,181

5,763

197.3%

-18.4%

Total carloads

122,427

56,149

67,208

123,357

118.0%

-0.8%

Carloads from New Railroads(3)

2,759

Same-railroad carloads

119,668

56,149

67,208

123,357

113.1%

-3.0%

(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 rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

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

QTD Feb 2012

% Change

North American Operations:

QTD Feb

2013(1)

G&W

RA

Pro

Forma(2)

G&W

Pro

Forma(2)

Coal & Coke

51,182

22,808

24,739

47,547

124.4%

7.6%

Agricultural Products

31,062

9,505

22,057

31,562

226.8%

-1.6%

Pulp & Paper

27,489

16,572

9,244

25,816

65.9%

6.5%

Metals

27,381

17,869

12,234

30,103

53.2%

-9.0%

Chemicals & Plastics

26,999

11,463

14,329

25,792

135.5%

4.7%

Minerals & Stone

22,513

10,321

11,641

21,962

118.1%

2.5%

Lumber & Forest Products

21,500

10,394

8,438

18,832

106.9%

14.2%

Petroleum Products

18,553

4,207

8,610

12,817

341.0%

44.8%

Food or Kindred Products

8,711

1,578

8,007

9,585

452.0%

-9.1%

Waste

5,947

3,573

3,501

7,074

66.4%

-15.9%

Autos & Auto Parts

5,326

1,493

3,316

4,809

256.7%

10.8%

Metallic Ores

3,210

1,734

1,904

3,638