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Genesee & Wyoming Inc. Reports Traffic For October 2012

Stocks in this article: GWR

Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for October 2012.

GWI’s traffic in October 2012 was 80,241 carloads, a decrease of 4,090 carloads, or 4.8 percent, compared with October 2011.

The table below sets forth consolidated carloading information for October 2012 and October 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             October           October          
2012 2011 % Change
Coal & Coke 15,558 17,127 -9.2%
Minerals & Stone 11,769 12,084 -2.6%
Pulp & Paper 8,752 7,732 13.2%
Metals 7,270 8,254 -11.9%
Lumber & Forest Products 6,744 5,541 21.7%
Intermodal* 6,540 5,767 13.4%
Farm & Food Products 6,395 9,309 -31.3%
Chemicals & Plastics 5,530 5,236 5.6%
Metallic Ores** 4,012 3,044 31.8%
Petroleum Products 3,035 2,579 17.7%
Autos & Auto Parts 861 812 6.0%
Other 3,775 6,846 -44.9%
Total carloads 80,241 84,331 -4.8%
* - Represents intermodal units
** - Includes carloads and intermodal units

Excluding 125 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, and 1,249 carloads from the Columbus & Chattahoochee Railroad, Inc. (CCH), which commenced operations on July 1, 2012, same-railroad traffic in October 2012 decreased 5,464 carloads, or 6.5 percent, compared with October 2011. GWI’s other commodity group traffic decreased 3,071 carloads in October 2012 primarily due to no overhead coal shipments in GWI’s Ohio Region. Farm & food products traffic decreased 3,014 carloads primarily due to reduced shipments in GWI’s Australia Region as a result of an accelerated shipping schedule earlier in 2012, as well as a mechanical failure at an export grain terminal in Adelaide, South Australia. Coal & coke traffic decreased 1,569 carloads primarily due to reduced shipments in GWI’s Ohio and Illinois Regions. Metals traffic decreased 1,045 carloads primarily due to reduced shipments in GWI’s Rail Link Region. These decreases were partially offset by a 1,168 carload increase in lumber & forest products traffic primarily due to increased shipments in GWI’s Oregon Region. All remaining traffic increased by a net 2,067 carloads.

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