11.11.2013 12:30:00

Genesee & Wyoming Reports Traffic for October 2013

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for October 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 October 2013 was 163,829 carloads, an increase of 83,588 carloads, or 104.2%, compared to G&W’s traffic in October 2012, and an increase of 9,711 carloads, or 6.3%, compared to total October 2012 carloads pro forma for the RA acquisition.

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

                       

October 2012

% Change

Consolidated G&W

October
2013(1)

G&W         RA         Pro Forma(2) G&W         Pro Forma(2)
Coal & Coke 26,698 15,553         10,447         26,000 71.7%         2.7%
Minerals & Stone 19,920 11,807 7,014 18,821 68.7% 5.8%
Agricultural Products 18,774 5,533 14,858 20,391 239.3% -7.9%
Metals 15,518 7,250 5,226 12,476 114.0% 24.4%
Pulp & Paper 14,508 8,817 5,064 13,881 64.5% 4.5%
Chemicals & Plastics 14,021 5,819 7,566 13,385 141.0% 4.8%
Lumber & Forest Products 11,912 6,646 4,826 11,472 79.2% 3.8%
Petroleum Products 9,008 2,485 5,021 7,506 262.5% 20.0%
Metallic Ores 7,189 4,012 780 4,792 79.2% 50.0%
Intermodal 6,923 6,540 - 6,540 5.9% 5.9%
Food or Kindred Products 5,615 1,178 4,193 5,371 376.7% 4.5%
Waste 4,224 2,150 1,814 3,964 96.5% 6.6%
Autos & Auto Parts 3,503 861 2,126 2,987 306.9% 17.3%
Other 6,016 1,590         4,942         6,532 278.4% -7.9%
Total carloads 163,829 80,241         73,877         154,118 104.2% 6.3%
(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 3,042 carloads primarily due to increased shipments in G&W’s Southern, Northeast, Canada and Ohio Valley regions. Metallic ores traffic increased 2,397 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Petroleum products traffic increased 1,502 carloads primarily due to increased shipments of crude oil in G&W’s Pacific Region. Agricultural products traffic decreased 1,617 carloads primarily due to decreased shipments in G&W’s Midwest, Central and Pacific regions, partially offset by increased shipments in G&W’s Australia Region. All remaining traffic increased by a net 4,387 carloads.

Carload Reporting for RailAmerica Inc. Traffic

October 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,956 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 October 2013 and October 2012:

                       

October 2012

% Change

North American Operations:

October
2013(1)

G&W         RA         Pro Forma(2) G&W         Pro Forma(2)
Coal & Coke 26,698 15,553         10,447         26,000 71.7%         2.7%
Agricultural Products 16,483 3,956 14,858 18,814 316.7% -12.4%
Metals 15,518 7,250 5,226 12,476 114.0% 24.4%
Minerals & Stone 15,392 6,349 7,014 13,363 142.4% 15.2%
Pulp & Paper 14,508 8,817 5,064 13,881 64.5% 4.5%
Chemicals & Plastics 14,021 5,819 7,566 13,385 141.0% 4.8%
Lumber & Forest Products 11,912 6,646 4,826 11,472 79.2% 3.8%
Petroleum Products 8,978 2,451 5,021 7,472 266.3% 20.2%
Food or Kindred Products 5,615 1,178 4,193 5,371 376.7% 4.5%
Waste 4,224 2,150 1,814 3,964 96.5% 6.6%
Autos & Auto Parts 3,503 861 2,126 2,987 306.9% 17.3%
Metallic Ores 1,844 1,091 780 1,871 69.0% -1.4%
Intermodal 1,182 677 - 677 74.6% 74.6%
Other 6,016 1,590         4,942         6,532 278.4% -7.9%
Total carloads 145,894 64,388         73,877         138,265 126.6% 5.5%
(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 Australian carloading information for October 2013 and October 2012:

                       
Australian Operations:

October
2013

October
2012

       

%
Change

Intermodal 5,741 5,863 -2.1 %
Metallic Ores 5,345 2,921 83.0 %
Minerals & Stone 4,528 5,458 -17.0 %
Agricultural Products 2,291 1,577 45.3 %
Petroleum Products 30 34 -11.8 %
Total carloads 17,935 15,853 13.1 %
 

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