Genesee & Wyoming Reports Traffic for April 2013

Genesee & Wyoming Reports Traffic for April 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for April 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 April 2013 was 157,695 carloads, an increase of 80,069 carloads, or 103.1%, compared to G&W's traffic in April 2012, and an increase of 10,748 carloads, or 7.3%, compared to total April 2012 carloads pro forma for the RA acquisition.

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

April 2012

% Change

Consolidated G&W

April

2013(1)

G&W

RA

Pro Forma(2)

G&W

Pro Forma(2)

Coal & Coke

24,026

13,642

11,232

24,874

76.1%

-3.4%

Minerals & Stone

20,180

11,837

7,621

19,458

70.5%

3.7%

Agricultural Products

19,956

9,698

11,999

21,697

105.8%

-8.0%

Metals

14,839

8,337

6,485

14,822

78.0%

0.1%

Chemicals & Plastics

14,608

5,723

7,178

12,901

155.3%

13.2%

Pulp & Paper

13,868

7,494

4,618

12,112

85.1%

14.5%

Lumber & Forest Products

12,043

5,766

4,467

10,233

108.9%

17.7%

Petroleum Products

9,746

2,081

3,656

5,737

368.3%

69.9%

Metallic Ores

5,542

3,517

762

4,279

57.6%

29.5%

Intermodal

5,418

4,742

-

4,742

14.3%

14.3%

Food or Kindred Products

4,675

792

3,626

4,418

490.3%

5.8%

Waste

3,499

1,638

2,050

3,688

113.6%

-5.1%

Autos & Auto Parts

3,057

852

1,792

2,644

258.8%

15.6%

Other

6,238

1,507

3,835

5,342

313.9%

16.8%

Total carloads

157,695

77,626

69,321

146,947

103.1%

7.3%

Carloads from New Railroads(3)

2,527

Same-railroad carloads

155,168

77,626

69,321

146,947

99.9%

5.6%

(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 2,527 total carloads from 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 8,221 carloads, or 5.6%, compared to April 2012. Petroleum products traffic increased 3,930 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W's Pacific, Canada, Southern and Mountain West regions. Lumber & forest products traffic increased 1,725 carloads primarily due to increased shipments in G&W's Pacific and Canada regions. Metallic ores traffic increased 1,263 carloads primarily due to increased iron ore shipments in G&W's Australia Region. Agricultural products traffic decreased 1,839 carloads primarily due to decreased shipments in G&W's Canada, Pacific and Central regions. All remaining traffic increased by a net 3,142 carloads. Coal traffic was negatively affected by approximately 1,200 carloads in April 2013 due to flooding in the U.S. Midwest. This volume is expected to be made up over the remainder of the second quarter of 2013.

Carload Reporting for RailAmerica Inc. Traffic

April 2012 carloads from RailAmerica Inc. railroads include eliminations of 2,241 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 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 April 2013 and April 2012:

April 2012

% Change

North American Operations:

April

2013(1)

G&W

RA

Pro Forma(2)

G&W

Pro Forma(2)

Coal & Coke

24,026

13,642

11,232

24,874

76.1%

-3.4%

Metals

14,839

8,337

6,485

14,822

78.0%

0.1%

Minerals & Stone

14,775

6,499

7,621

14,120

127.3%

4.6%

Chemicals & Plastics

14,608

5,723

7,178

12,901

155.3%

13.2%

Pulp & Paper

13,868

7,494

4,618

12,112

85.1%

14.5%

Agricultural Products

13,674

3,961

11,999

15,960

245.2%

-14.3%

Lumber & Forest Products

12,043

5,766

4,467

10,233

108.9%

17.7%

Petroleum Products

9,724

2,051

3,656

5,707

374.1%

70.4%

Food or Kindred Products

4,675

792

3,626

4,418

490.3%

5.8%

Waste

3,499

1,638

2,050

3,688

113.6%

-5.1%

Autos & Auto Parts

3,057

852

1,792

2,644

258.8%

15.6%

Metallic Ores

1,715

933

762

1,695

83.8%

1.2%

Intermodal

345

314

-

314

9.9%

9.9%

Other

6,238

1,507

3,835

5,342

313.9%

16.8%

Total carloads

137,086

59,509

69,321

128,830

130.4%

6.4%

Carloads from New Railroads(3)

2,527

Same-railroad carloads

134,559

59,509

69,321

128,830

126.1%

4.4%

(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.

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

Australian Operations:

April

2013

April

2012

%

Change

Agricultural Products

6,282

5,737

9.5%

Minerals & Stone

5,405

5,338

1.3%

Intermodal

5,073

4,428

14.6%

Metallic Ores

3,827

2,584

48.1%

Petroleum Products

22

30

-26.7%

Total carloads

20,609

18,117

13.8%



Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-202-8900
Vice President - Corporate Development & Treasurer
Web Site: http://www.gwrr.com

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS:

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