12.12.2013 23:00:00
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Genesee & Wyoming Reports Traffic for November 2013
Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for November 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 November 2013 was 152,308 carloads, an increase of 77,260 carloads, or 102.9%, compared to G&W’s traffic in November 2012, and an increase of 7,826 carloads, or 5.4%, compared to total November 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the fourth quarter of 2013 through November was 316,137 carloads, an increase of 160,848 carloads, or 103.6%, compared to G&W’s traffic in the fourth quarter of 2012 through November, and an increase 17,537 carloads, or 5.9%, compared to total fourth quarter of 2012 through November carloads pro forma for the RA acquisition.
The table below sets forth consolidated summary carload information for November 2013 and November 2012:
November 2012 |
% Change |
|||||||||||||||||||||||||||
Consolidated G&W |
November |
G&W | RA | Pro Forma(2) | G&W | Pro Forma(2) | ||||||||||||||||||||||
Coal & Coke | 27,440 | 13,641 | 10,915 | 24,556 | 101.2% | 11.7% | ||||||||||||||||||||||
Agricultural Products | 20,782 | 5,624 | 12,784 | 18,408 | 269.5% | 12.9% | ||||||||||||||||||||||
Minerals & Stone | 15,965 | 11,016 | 6,340 | 17,356 | 44.9% | -8.0% | ||||||||||||||||||||||
Pulp & Paper | 13,572 | 8,522 | 4,490 | 13,012 | 59.3% | 4.3% | ||||||||||||||||||||||
Metals | 13,346 | 7,076 | 5,226 | 12,302 | 88.6% | 8.5% | ||||||||||||||||||||||
Chemicals & Plastics | 12,262 | 5,681 | 7,633 | 13,314 | 115.8% | -7.9% | ||||||||||||||||||||||
Lumber & Forest Products | 10,661 | 6,166 | 4,522 | 10,688 | 72.9% | -0.3% | ||||||||||||||||||||||
Petroleum Products | 8,977 | 2,391 | 5,097 | 7,488 | 275.4% | 19.9% | ||||||||||||||||||||||
Intermodal | 6,752 | 6,055 | - | 6,055 | 11.5% | 11.5% | ||||||||||||||||||||||
Metallic Ores | 6,713 | 3,674 | 760 | 4,434 | 82.7% | 51.4% | ||||||||||||||||||||||
Food or Kindred Products | 4,786 | 991 | 3,507 | 4,498 | 382.9% | 6.4% | ||||||||||||||||||||||
Waste | 3,472 | 2,106 | 1,690 | 3,796 | 64.9% | -8.5% | ||||||||||||||||||||||
Autos & Auto Parts | 3,339 | 959 | 1,844 | 2,803 | 248.2% | 19.1% | ||||||||||||||||||||||
Other | 4,241 | 1,146 | 4,626 | 5,772 | 270.1% | -26.5% | ||||||||||||||||||||||
Total carloads | 152,308 | 75,048 | 69,434 | 144,482 | 102.9% | 5.4% | ||||||||||||||||||||||
(1) Total carloads from G&W and RA | ||||||||||||||||||||||||||||
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012 | ||||||||||||||||||||||||||||
Coal & coke traffic increased 2,884 carloads primarily due to increased shipments in G&W’s Central, Midwest and Ohio Valley regions. Agricultural products traffic increased 2,374 carloads primarily due to increased shipments in G&W’s Australia and Ohio Valley regions, partially offset by decreased shipments in G&W’s Midwest Region. Metallic ores traffic increased 2,279 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. All remaining traffic increased by a net 289 carloads.
The table below sets forth consolidated summary carload information for the fourth quarter of 2013 through November and the fourth quarter of 2012 through November:
QTD Nov 2012 |
% Change |
|||||||||||||||||||||||||||
Consolidated G&W |
QTD Nov |
G&W | RA | Pro Forma(2) | G&W | Pro Forma(2) | ||||||||||||||||||||||
Coal & Coke | 54,138 | 29,194 | 21,362 | 50,556 | 85.4% | 7.1% | ||||||||||||||||||||||
Agricultural Products | 39,556 | 11,157 | 27,642 | 38,799 | 254.5% | 2.0% | ||||||||||||||||||||||
Minerals & Stone | 35,885 | 22,823 | 13,354 | 36,177 | 57.2% | -0.8% | ||||||||||||||||||||||
Metals | 28,864 | 14,326 | 10,452 | 24,778 | 101.5% | 16.5% | ||||||||||||||||||||||
Pulp & Paper | 28,080 | 17,339 | 9,554 | 26,893 | 61.9% | 4.4% | ||||||||||||||||||||||
Chemicals & Plastics | 26,283 | 11,500 | 15,199 | 26,699 | 128.5% | -1.6% | ||||||||||||||||||||||
Lumber & Forest Products | 22,573 | 12,812 | 9,348 | 22,160 | 76.2% | 1.9% | ||||||||||||||||||||||
Petroleum Products | 17,985 | 4,876 | 10,118 | 14,994 | 268.8% | 19.9% | ||||||||||||||||||||||
Metallic Ores | 13,902 | 7,686 | 1,540 | 9,226 | 80.9% | 50.7% | ||||||||||||||||||||||
Intermodal | 13,675 | 12,595 | - | 12,595 | 8.6% | 8.6% | ||||||||||||||||||||||
Food or Kindred Products | 10,401 | 2,169 | 7,700 | 9,869 | 379.5% | 5.4% | ||||||||||||||||||||||
Waste | 7,696 | 4,256 | 3,504 | 7,760 | 80.8% | -0.8% | ||||||||||||||||||||||
Autos & Auto Parts | 6,842 | 1,820 | 3,970 | 5,790 | 275.9% | 18.2% | ||||||||||||||||||||||
Other | 10,257 | 2,736 | 9,568 | 12,304 | 274.9% | -16.6% | ||||||||||||||||||||||
Total carloads | 316,137 | 155,289 | 143,311 | 298,600 | 103.6% | 5.9% | ||||||||||||||||||||||
(1) Total carloads from G&W and RA | ||||||||||||||||||||||||||||
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012 | ||||||||||||||||||||||||||||
Metallic ores traffic increased 4,676 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Metals traffic increased 4,086 carloads primarily due to increased shipments in G&W’s Northeast, Southern and Canada regions. Coal & coke traffic increased 3,582 carloads primarily due to increased shipments in G&W’s Central and Ohio Valley regions, partially offset by decreased shipments in G&W’s Mountain West Region. Petroleum products traffic increased 2,991 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Ohio Valley and Canada regions. G&W’s Other commodity group traffic decreased 2,047 carloads primarily due to non-recurring Class 1 detour train volumes that moved in the comparable period of 2012 in G&W’s Central Region. All remaining traffic increased by a net 4,249 carloads.
Carload Reporting for RailAmerica Inc. Traffic
November 2012 and the fourth quarter of 2012 through November carloads from RailAmerica Inc. railroads include eliminations of 1,443 and 3,399 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 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 November 2013 and November 2012:
November 2012 |
% Change |
|||||||||||||||||||||||||||
North American Operations: |
November |
G&W | RA | Pro Forma(2) | G&W | Pro Forma(2) | ||||||||||||||||||||||
Coal & Coke | 27,440 | 13,641 | 10,915 | 24,556 | 101.2% | 11.7% | ||||||||||||||||||||||
Agricultural Products | 15,222 | 4,131 | 12,784 | 16,915 | 268.5% | -10.0% | ||||||||||||||||||||||
Pulp & Paper | 13,572 | 8,522 | 4,490 | 13,012 | 59.3% | 4.3% | ||||||||||||||||||||||
Metals | 13,346 | 7,076 | 5,226 | 12,302 | 88.6% | 8.5% | ||||||||||||||||||||||
Minerals & Stone | 12,710 | 5,813 | 6,340 | 12,153 | 118.6% | 4.6% | ||||||||||||||||||||||
Chemicals & Plastics | 12,262 | 5,681 | 7,633 | 13,314 | 115.8% | -7.9% | ||||||||||||||||||||||
Lumber & Forest Products | 10,661 | 6,166 | 4,522 | 10,688 | 72.9% | -0.3% | ||||||||||||||||||||||
Petroleum Products | 8,953 | 2,368 | 5,097 | 7,465 | 278.1% | 19.9% | ||||||||||||||||||||||
Food or Kindred Products | 4,786 | 991 | 3,507 | 4,498 | 382.9% | 6.4% | ||||||||||||||||||||||
Waste | 3,472 | 2,106 | 1,690 | 3,796 | 64.9% | -8.5% | ||||||||||||||||||||||
Autos & Auto Parts | 3,339 | 959 | 1,844 | 2,803 | 248.2% | 19.1% | ||||||||||||||||||||||
Metallic Ores | 1,606 | 880 | 760 | 1,640 | 82.5% | -2.1% | ||||||||||||||||||||||
Intermodal | 844 | 376 | - | 376 | 124.5% | 124.5% | ||||||||||||||||||||||
Other | 4,241 | 1,146 | 4,626 | 5,772 | 270.1% | -26.5% | ||||||||||||||||||||||
Total carloads | 132,454 | 59,856 | 69,434 | 129,290 | 121.3% | 2.4% | ||||||||||||||||||||||
(1) Total carloads from G&W and RA | ||||||||||||||||||||||||||||
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012 | ||||||||||||||||||||||||||||
The table below sets forth North American carloading information for the fourth quarter of 2013 through November and the fourth quarter of 2012 through November:
QTD Nov 2012 |
% Change |
|||||||||||||||||||||||||||
North American Operations: |
QTD Nov |
G&W | RA | Pro Forma(2) | G&W | Pro Forma(2) | ||||||||||||||||||||||
Coal & Coke | 54,138 | 29,194 | 21,362 | 50,556 | 85.4% | 7.1% | ||||||||||||||||||||||
Agricultural Products | 31,705 | 8,087 | 27,642 | 35,729 | 292.0% | -11.3% | ||||||||||||||||||||||
Metals | 28,864 | 14,326 | 10,452 | 24,778 | 101.5% | 16.5% | ||||||||||||||||||||||
Minerals & Stone | 28,102 | 12,162 | 13,354 | 25,516 | 131.1% | 10.1% | ||||||||||||||||||||||
Pulp & Paper | 28,080 | 17,339 | 9,554 | 26,893 | 61.9% | 4.4% | ||||||||||||||||||||||
Chemicals & Plastics | 26,283 | 11,500 | 15,199 | 26,699 | 128.5% | -1.6% | ||||||||||||||||||||||
Lumber & Forest Products | 22,573 | 12,812 | 9,348 | 22,160 | 76.2% | 1.9% | ||||||||||||||||||||||
Petroleum Products | 17,931 | 4,819 | 10,118 | 14,937 | 272.1% | 20.0% | ||||||||||||||||||||||
Food or Kindred Products | 10,401 | 2,169 | 7,700 | 9,869 | 379.5% | 5.4% | ||||||||||||||||||||||
Waste | 7,696 | 4,256 | 3,504 | 7,760 | 80.8% | -0.8% | ||||||||||||||||||||||
Autos & Auto Parts | 6,842 | 1,820 | 3,970 | 5,790 | 275.9% | 18.2% | ||||||||||||||||||||||
Metallic Ores | 3,450 | 1,971 | 1,540 | 3,511 | 75.0% | -1.7% | ||||||||||||||||||||||
Intermodal | 2,026 | 1,053 | - | 1,053 | 92.4% | 92.4% | ||||||||||||||||||||||
Other | 10,257 | 2,736 | 9,568 | 12,304 | 274.9% | -16.6% | ||||||||||||||||||||||
Total carloads | 278,348 | 124,244 | 143,311 | 267,555 | 124.0% | 4.0% | ||||||||||||||||||||||
(1) Total carloads from G&W and RA | ||||||||||||||||||||||||||||
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012 | ||||||||||||||||||||||||||||
The table below sets forth Australian carloading information for November 2013 and November 2012:
Australian Operations: |
November |
November |
% |
|||||||||||||
Intermodal | 5,908 | 5,679 | 4.0% | |||||||||||||
Agricultural Products | 5,560 | 1,493 | 272.4% | |||||||||||||
Metallic Ores | 5,107 | 2,794 | 82.8% | |||||||||||||
Minerals & Stone | 3,255 | 5,203 | -37.4% | |||||||||||||
Petroleum Products | 24 | 23 | 4.3% | |||||||||||||
Total carloads | 19,854 | 15,192 | 30.7% | |||||||||||||
The table below sets forth Australian carloading information for the fourth quarter of 2013 through November and the fourth quarter of 2012 through November:
Australian Operations: |
QTD Nov |
QTD Nov |
% |
|||||||||||||
Intermodal | 11,649 | 11,542 | 0.9% | |||||||||||||
Metallic Ores | 10,452 | 5,715 | 82.9% | |||||||||||||
Agricultural Products | 7,851 | 3,070 | 155.7% | |||||||||||||
Minerals & Stone | 7,783 | 10,661 | -27.0% | |||||||||||||
Petroleum Products | 54 | 57 | -5.3% | |||||||||||||
Total carloads | 37,789 | 31,045 | 21.7% | |||||||||||||

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