Genesee & Wyoming Reports Traffic for August 2013

Before you go, we thought you'd like these...
Before you go close icon

Genesee & Wyoming Reports Traffic for August 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for August 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 August 2013 was 162,101 carloads, an increase of 79,415 carloads, or 96.0%, compared to G&W's traffic in August 2012, and an increase of 6,355 carloads, or 4.1%, compared to total August 2012 carloads pro forma for the RA acquisition. G&W's traffic in the third quarter of 2013 through August was 327,173 carloads, an increase of 163,629 carloads, or 100.1%, compared to G&W's traffic in the third quarter of 2012 through August, and an increase 19,755 carloads, or 6.4%, compared to total third quarter of 2012 through August carloads pro forma for the RA acquisition.

The table below sets forth consolidated summary carload information for August 2013 and August 2012:

                  

August 2012

% Change

Consolidated G&W

August
2013(1)

G&W    RA    Pro Forma(2)G&W    Pro Forma(2)
Coal & Coke27,09017,805    11,166    28,97152.1%    -6.5%
Minerals & Stone19,36811,1978,35319,55073.0%-0.9%
Agricultural Products17,7826,8649,58616,450159.1%8.1%
Metals15,3208,1356,87115,00688.3%2.1%
Pulp & Paper15,0169,3535,20114,55460.5%3.2%
Chemicals & Plastics14,0375,9777,82013,797134.9%1.7%
Lumber & Forest Products11,3286,3694,96111,33077.9%0.0%
Petroleum Products9,3752,2434,9057,148318.0%31.2%
Intermodal7,0575,633-5,63325.3%25.3%
Metallic Ores6,4513,5268454,37183.0%47.6%
Food or Kindred Products4,5171,0664,1305,196323.7%-13.1%
Waste4,0192,0151,8263,84199.5%4.6%
Autos & Auto Parts3,2771,0251,4622,487219.7%31.8%
Other7,4641,478    5,934    7,412405.0%0.7%
Total carloads162,10182,686    73,060    155,74696.0%4.1%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Petroleum products traffic increased 2,227 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W's Pacific, Southern and Canada regions. Metallic ores traffic increased 2,080 carloads primarily due to increased iron ore shipments in G&W's Australia Region. Coal & coke traffic decreased 1,881 carloads primarily due to decreased shipments in G&W's Central and Mountain West regions. All remaining traffic increased by a net 3,929 carloads.

The table below sets forth consolidated summary carload information for the third quarter of 2013 through August and the third quarter of 2012 through August:

                  

QTD Aug 2012

% Change

Consolidated G&W

QTD Aug
2013(1)

G&W    RA    

Pro
Forma(2)

G&W    Pro Forma(2)
Coal & Coke55,78534,888    23,865    58,75359.9%    -5.1%
Agricultural Products39,26915,10820,61535,723159.9%9.9%
Minerals & Stone39,11121,85615,82437,68078.9%3.8%
Metals31,29414,40212,66827,070117.3%15.6%
Pulp & Paper30,10118,83710,00528,84259.8%4.4%
Chemicals & Plastics28,28411,77215,30027,072140.3%4.5%
Lumber & Forest Products22,25512,4019,23121,63279.5%2.9%
Petroleum Products17,6764,4189,67614,094300.1%25.4%
Intermodal13,70611,567-11,56718.5%18.5%
Metallic Ores13,3517,7421,6729,41472.4%41.8%
Food or Kindred Products8,8851,9907,9099,899346.5%-10.2%
Waste8,0433,9543,8017,755103.4%3.7%
Autos & Auto Parts5,9251,6703,2104,880254.8%21.4%
Other13,4882,939    10,098    13,037358.9%3.5%
Total carloads327,173163,544    143,874    307,418100.1%6.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Metals traffic increased 4,224 carloads primarily due to increased shipments in G&W's Southern and Northeast regions. Metallic ores traffic increased 3,937 carloads primarily due to increased iron ore shipments in G&W's Australia Region. Petroleum products traffic increased 3,582 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W's Pacific and Southern regions. Agricultural products traffic increased 3,546 carloads primarily due to increased grain shipments in G&W's Australia Region. Coal & coke traffic decreased 2,968 carloads primarily due to decreased shipments in G&W's Mountain West and Central regions, offset by increased shipments in G&W's Midwest Region. All remaining traffic increased by a net 7,434 carloads.

Carload Reporting for RailAmerica Inc. Traffic

August 2012 and the third quarter of 2012 through August carloads from RailAmerica Inc. railroads include eliminations of 1,753 and 3,372 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 more than 15,000 miles of owned and leased track, 4,600 employees and over 2,000 customers. We provide rail service at 36 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 August 2013 and August 2012:

              

August 2012

% Change

North American Operations:

August
2013(1)

G&W    RA    Pro Forma(2)G&W    Pro Forma(2)
Coal & Coke27,09017,805    11,166    28,97152.1%    -6.5%
Metals15,3208,1356,87115,00688.3%2.1%
Pulp & Paper15,0169,3535,20114,55460.5%3.2%
Minerals & Stone14,6856,3588,35314,711131.0%-0.2%
Chemicals & Plastics14,0375,9777,82013,797134.9%1.7%
Agricultural Products12,6153,6709,58613,256243.7%-4.8%
Lumber & Forest Products11,3286,3694,96111,33077.9%0.0%
Petroleum Products9,3472,2154,9057,120322.0%31.3%
Food or Kindred Products4,5171,0664,1305,196323.7%-13.1%
Waste4,0192,0151,826
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

More to Explore
Mon, Feb 27
Set Your Location
City, State, or Zip