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:
The article Genesee & Wyoming Reports Traffic for April 2013 originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
