Genesee & Wyoming Reports Traffic for June 2013 and the Second Quarter of 2013

Genesee & Wyoming Reports Traffic for June 2013 and the Second Quarter of 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for June 2013 and the second quarter of 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 June 2013 was 155,757 carloads, an increase of 79,604 carloads, or 104.5%, compared to G&W's traffic in June 2012, and an increase of 8,382 carloads, or 5.7%, compared to total June 2012 carloads pro forma for the RA acquisition. G&W's traffic in the second quarter of 2013 was 480,979 carloads, an increase of 248,664 carloads, or 107.0%, compared to G&W's traffic in the second quarter of 2012, and an increase of 34,296 carloads, or 7.7%, compared to total second quarter of 2012 carloads pro forma for the RA acquisition.

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

       

June 2012

    

 

% Change

  
Consolidated G&W

June

2013(1)

G&W    RA    

Pro Forma(2)

G&W    Pro Forma(2)
Coal & Coke28,24014,746    10,526    25,27291.5%    11.7%
Agricultural Products19,6667,59612,23419,830158.9%-0.8%
Minerals & Stone19,41211,2848,20319,48772.0%-0.4%
Metals14,3716,8695,77912,648109.2%13.6%
Pulp & Paper13,9097,8925,18413,07676.2%6.4%
Chemicals & Plastics13,0235,7507,34413,094126.5%-0.5%
Lumber & Forest Products10,7816,0814,62010,70177.3%0.7%
Petroleum Products8,7982,0524,2866,338328.8%38.8%
Intermodal6,2555,818-5,8187.5%7.5%
Metallic Ores5,5313,5108454,35557.6%27.0%
Food or Kindred Products3,8788623,5974,459349.9%-13.0%
Waste3,6441,5671,6823,249132.5%12.2%
Autos & Auto Parts3,3418881,7972,685276.2%24.4%
Other4,9081,238    5,125    6,363296.4%-22.9%
Total carloads155,75776,153    71,222    147,375104.5%5.7%
Carloads from New Railroads(3)1,384
Same-railroad carloads154,37376,153    71,222    147,375102.7%4.7%
 
(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 the Columbus & Chattahoochee Railroad, Inc. which started operations on July 1, 2012
 

Excluding 1,384 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 6,998 carloads, or 4.7%, compared to June 2012. Coal & coke traffic increased 2,968 carloads primarily due to increased shipments in G&W's Midwest and Central regions. Petroleum products traffic increased 2,372 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W's Pacific, Southern and Mountain West regions. Metals traffic increased 1,656 carloads primarily due to increased shipments in G&W's Southern and Ohio Valley regions. All remaining traffic increased by a net 2 carloads.

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

       

2nd Qtr 2012

     

% Change

  
Consolidated G&W

2nd Qtr

2013(1)

G&W    RA    

Pro

Forma(2)

G&W    Pro Forma(2)
Coal & Coke80,34539,686    32,827    72,513102.5%    10.8%
Agricultural Products61,48726,58237,23763,819131.3%-3.7%
Minerals & Stone60,71935,53824,56060,09870.9%1.0%
Metals44,81523,92318,81742,74087.3%4.9%
Chemicals & Plastics42,33117,19822,18439,382146.1%7.5%
Pulp & Paper41,37223,54014,84338,38375.8%7.8%
Lumber & Forest Products34,50617,69914,25331,95295.0%8.0%
Petroleum Products28,2906,08211,49417,576365.1%61.0%
Intermodal17,83016,710-16,7106.7%6.7%
Metallic Ores17,37911,1482,43013,57855.9%28.0%
Food or Kindred Products13,0982,56411,36413,928410.8%-6.0%
Waste11,1044,9685,55110,519123.5%5.6%
Autos & Auto Parts10,0182,5465,4778,023293.5%24.9%
Other17,6854,131    13,331    17,462328.1%1.3%
Total carloads480,979232,315    214,368    446,683107.0%7.7%
Carloads from New Railroads(3)5,291
Same-railroad carloads475,688232,315    214,368    446,683104.8%6.5%
 
(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 1,274 carloads from Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and 4,017 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 29,005 carloads, or 6.5%, compared with the second quarter of 2012. The traffic increase was principally due to increases of 10,455 carloads of petroleum products traffic (primarily crude oil and liquid petroleum gases in G&W's Pacific, Southern, Mountain West and Canada regions), 7,832 carloads of coal & coke traffic (primarily G&W's Midwest, Central and Northeast regions, offset by lower shipments in G&W's Ohio Valley region) and 3,801 carloads of metallic ores traffic (primarily G&W's Australia Region). All remaining traffic increased by a net 6,917 carloads.

Carload Reporting for RailAmerica Inc. Traffic

June 2012 and the second quarter of 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,598 and 5,398 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 nearly 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 June 2013 and June 2012:

        

June 2012

       

% Change

  
North American Operations:

June

2013(1)

G&W    RA    Pro Forma(2)G&W    Pro Forma(2)
Coal & Coke28,24014,746    10,526    25,27291.5%    11.7%
Metals14,3716,8695,77912,648109.2%13.6%
Pulp & Paper13,9097,8925,18413,07676.2%6.4%
Minerals & Stone13,8716,1218,20314,324 Read Full Story

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