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Genesee & Wyoming Inc. Reports Traffic For September 2012 And The Third Quarter Of 2012

Stocks in this article: GWR

Farm & food products traffic decreased 3,248 carloads primarily due to reduced shipments in GWI’s Australia Region. The shipment decline in the Australia Region was primarily due to an accelerated shipping schedule earlier in 2012, as well as a mechanical failure at an export grain terminal in Adelaide, South Australia.

GWI’s other commodity group traffic decreased 2,033 carloads in September 2012 primarily due to no overhead coal shipments in GWI’s Ohio Region. Minerals & stone traffic decreased 1,740 carloads primarily due to reduced rock salt shipments in GWI’s New York/Pennsylvania Region as a result of warm winter weather last year. All remaining traffic increased by a net 1,293 carloads.

The table below sets forth consolidated carloading information for the third quarter of 2012 and the third quarter of 2011. Additional carload information for GWI’s North American and Australian operations is included as an exhibit to this press release.

Genesee & Wyoming Inc.
by Commodity Group 3rd Qtr 3rd Qtr
2012 2011 % Change
Coal & Coke 52,990 53,553 -1.1%
Minerals & Stone 32,713 38,242 -14.5%
Pulp & Paper 27,042 24,893 8.6%
Farm & Food Products 22,369 30,843 -27.5%
Metals 22,182 22,748 -2.5%
Lumber & Forest Products 18,708 16,614 12.6%
Intermodal* 17,754 15,833 12.1%
Chemicals & Plastics 16,665 15,449 7.9%
Metallic Ores** 11,707 8,917 31.3%
Petroleum Products 8,038 7,576 6.1%
Autos & Auto Parts 2,574 2,408 6.9%
Other 10,041 19,114 -47.5%
Total carloads 242,783 256,190 -5.2%
* - Represents intermodal units
** - Includes carloads and intermodal units

Excluding 2,432 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011 and 4,752 combined carloads from HAL and CCH, same-railroad traffic in the third quarter of 2012 decreased 20,591 carloads, or 8.0 percent, compared with the third quarter of 2011. The traffic decrease was principally due to decreases of 9,129 carloads of other commodity group traffic (primarily overhead coal in GWI’s Ohio Region), 8,689 carloads of farm & food products traffic (primarily grain in GWI’s Australia Region), and 6,283 carloads of minerals & stone traffic (primarily salt in GWI’s New York/Pennsylvania Region). All remaining traffic increased by a net 3,510 carloads.

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