Genesee & Wyoming Reports Traffic for September and the Third Quarter of 2013

Genesee & Wyoming Reports Traffic for September and the Third Quarter of 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for September 2013 and the third 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 September 2013 was 155,650 carloads, an increase of 76,411 carloads, or 96.4%, compared to G&W's traffic in September 2012, and an increase of 10,875 carloads, or 7.5%, compared to total September 2012 carloads pro forma for the RA acquisition. G&W's traffic in the third quarter of 2013 was 482,823 carloads, an increase of 240,040 carloads, or 98.9%, compared to G&W's traffic in the third quarter of 2012, and an increase 30,630 carloads, or 6.8%, compared to total third quarter of 2012 carloads pro forma for the RA acquisition.

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

      

September 2012

  

% Change

September

     
Consolidated G&W

2013(1)

G&W RA Pro Forma(2)G&W Pro Forma(2)
Coal & Coke28,85018,09011,73929,82959.5%-3.3%
Minerals & Stone19,02110,9876,83617,82373.1%6.7%
Metals15,2687,6755,87313,54898.9%12.7%
Agricultural Products14,8165,1839,53414,717185.9%0.7%
Pulp & Paper14,5298,3764,64213,01873.5%11.6%
Chemicals & Plastics12,5125,3427,03612,378134.2%1.1%
Lumber & Forest Products10,8886,1954,26310,45875.8%4.1%
Petroleum Products7,9692,2864,4406,726248.6%18.5%
Intermodal6,3076,187-6,1871.9%1.9%
Metallic Ores6,0613,9657304,69552.9%29.1%
Food or Kindred Products4,5911,0173,4794,496351.4%2.1%
Waste4,0051,6581,5743,232141.6%23.9%
Autos & Auto Parts3,0999041,8162,720242.8%13.9%
Other7,734 1,374  3,574 4,948462.9%56.3%
Total carloads155,650 79,239  65,536 144,77596.4%7.5%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Traffic from G&W's Other commodity group increased 2,786 carloads primarily due to detoured Class I trains in G&W's Central Region. Metals traffic increased 1,720 carloads primarily due to increased shipments in G&W's Northeast and Southern regions. Pulp & paper traffic increased 1,511 carloads due to increased shipments across all G&W regions. Metallic ores traffic increased 1,366 carloads due to increased iron ore shipments in G&W's Australia Region. All remaining traffic increased by a net 3,492 carloads.

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

      

3rd Qtr 2012

  

% Change

3rd Qtr

   
Consolidated G&W

2013(1)

G&W RA Pro Forma(2)G&W Pro Forma(2)
Coal & Coke84,635 52,978 35,60488,58259.8%-4.5%
Minerals & Stone58,13232,84322,66055,50377.0%4.7%
Agricultural Products54,08520,29130,14950,440166.5%7.2%
Metals46,56222,07718,54140,618110.9%14.6%
Pulp & Paper44,63027,21314,64741,86064.0%6.6%
Chemicals & Plastics40,79617,11422,33639,450138.4%3.4%
Lumber & Forest Products33,14318,59613,49432,09078.2%3.3%
Petroleum Products25,6456,70414,11620,820282.5%23.2%
Intermodal20,01317,754-17,75412.7%12.7%
Metallic Ores19,41211,7072,40214,10965.8%37.6%
Food or Kindred Products13,4763,00711,38814,395348.2%-6.4%
Waste12,0485,6125,37510,987114.7%9.7%
Autos & Auto Parts9,0242,5745,0267,600250.6%18.7%
Other21,222 4,313  13,672 17,985392.0%18.0%
Total carloads482,823 242,783  209,410 452,19398.9%6.8%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Metals traffic increased 5,944 carloads primarily due to increased shipments in G&W's Southern and Northeast regions. Metallic ores traffic increased 5,303 carloads primarily due to increased iron ore shipments in G&W's Australia Region. Petroleum products traffic increased 4,825 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W's Pacific, Southern and Canada regions. Agricultural products traffic increased 3,645 carloads primarily due to increased shipments in G&W's Australia and Southern regions, partially offset by decreased shipments in G&W's Pacific Region. Coal & coke traffic decreased 3,947 carloads primarily due to decreased shipments in G&W's Mountain West and Central regions, partially offset by increased shipments in G&W's Midwest Region. All remaining traffic increased by a net 14,860 carloads.

Carload Reporting for RailAmerica Inc. Traffic

September 2012 and the third quarter of 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,575 and 4,947 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 September 2013 and September 2012:

      

September 2012

  

% Change

September

   
North American Operations:

2013(1)

G&W RA Pro Forma(2)G&W Pro Forma(2)
Coal & Coke28,850 18,090 11,73929,82959.5%-3.3%
Metals15,2687,6755,87313,54898.9%12.7%
Pulp & Paper14,5298,3764,64213,01873.5%11.6%
Minerals & Stone14,2486,0026,83612,838137.4%11.0%
Chemicals & Plastics12,5125,3427,03612,378134.2%1.1%
Agricultural Products11,9252,6519,53412,185349.8%-2.1%
Lumber & Forest Products10,8886,1954,26310,45875.8%4.1%
Petroleum Products7,9492,2554,4406,695252.5%18.7%
Food or Kindred Products4,5911,0173,4794,496351.4%2.1%
Waste4,0051,6581,5743,232141.6%23.9%
Autos & Auto Parts3,0999041,8162,720242.8%13.9%
Metallic Ores1,4301,0267301,75639.4%-18.6%
Intermodal811321-321152.6%152.6%
Other7,734 1,374  3,574 4,948462.9%56.3%
Total carloads137,839 62,886  65,536 128,422119.2%7.3%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

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

      

3rd Qtr 2012

  

% Change

3rd Qtr

   
North American Operations:

2013(1)

G&W RA Pro Forma(2)G&W Pro Forma(2)
Coal & Coke84,635 52,978 35,60488,58259.8%-4.5%
Metals46,56222,07718,54140,618110.9%14.6%
Pulp & Paper44,63027,21314,64741,86064.0%6.6%
Minerals & Stone43,92318,06322,66040,723143.2%7.9%
Chemicals & Plastics40,79617,11422,33639,450138.4%3.4%
Agricultural Products40,1889,84130,14939,990308.4%0.5%
Lumber & Forest Products33,14318,59613,49432,09078.2%3.3%
Petroleum Products25,5666,60514,11620,721287.1%23.4%
Food or Kindred Products13,4763,00711,38814,395
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