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Genesee & Wyoming Inc. Reports Traffic For November 2012

Stocks in this article: GWR

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

GWI’s traffic in November 2012 was 75,048 carloads, a decrease of 5,406 carloads, or 6.7 percent, compared with November 2011. GWI’s traffic in the fourth quarter of 2012 through November was 155,289 carloads, a decrease of 9,496 carloads, or 5.8 percent, compared to the fourth quarter of 2011 through November.

The table below sets forth consolidated carloading information for November 2012 and November 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         November       November      
2012 2011 % Change
Consolidated:
Coal & Coke 13,643 15,201 -10.2%
Minerals & Stone 10,964 11,822 -7.3%
Pulp & Paper 8,458 7,617 11.0%
Metals 7,096 7,396 -4.1%
Farm & Food Products 6,265 9,322 -32.8%
Lumber & Forest Products 6,257 4,922 27.1%
Intermodal* 6,055 5,733 5.6%
Chemicals & Plastics 5,484 5,413 1.3%
Metallic Ores** 3,674 3,241 13.4%
Petroleum Products 2,885 2,606 10.7%
Autos & Auto Parts 959 742 29.2%
Other 3,308 6,439 -48.6%
Total carloads 75,048 80,454 -6.7%
 
* - Represents intermodal units
** - Includes carloads and intermodal units
 

Excluding 210 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, and 1,408 carloads from the Columbus & Chattahoochee Railroad, Inc. (CCH), which commenced operations on July 1, 2012, same-railroad traffic in November 2012 decreased 7,024 carloads, or 8.7 percent, compared with November 2011. Farm & food products traffic decreased 3,156 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 an ongoing mechanical failure at an export grain terminal in Adelaide, South Australia. GWI’s other commodity group traffic decreased 3,131 carloads in November 2012 primarily due to the cessation of overhead coal shipments in GWI’s Ohio Region. Coal & coke traffic decreased 1,558 carloads primarily due to reduced shipments in GWI’s Ohio Region, largely due to planned upgrades at a coal utility customer. Minerals & stone traffic decreased 1,102 carloads primarily due to reduced salt shipments in GWI’s New York/Pennsylvania Region resulting from the mild 2011/2012 winter weather. These decreases were partially offset by a 1,304 carload increase in lumber & forest products traffic primarily due to increased shipments in GWI’s Oregon Region. All remaining traffic increased by a net 619 carloads.

The table below sets forth consolidated carloading information for the fourth quarter of 2012 through November and the fourth quarter of 2011 through November. 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         QTD Nov       QTD Nov      
2012 2011 % Change
Consolidated:
Coal & Coke 29,201 32,328 -9.7%
Minerals & Stone 22,733 23,906 -4.9%
Pulp & Paper 17,210 15,349 12.1%
Metals 14,366 15,650 -8.2%
Lumber & Forest Products 13,001 10,463 24.3%
Farm & Food Products 12,660 18,631 -32.0%
Intermodal* 12,595 11,500 9.5%
Chemicals & Plastics 11,014 10,649 3.4%
Metallic Ores** 7,686 6,285 22.3%
Petroleum Products 5,920 5,185 14.2%
Autos & Auto Parts 1,820 1,554 17.1%
Other 7,083 13,285 -46.7%
Total carloads 155,289 164,785 -5.8%
 
* - Represents intermodal units
** - Includes carloads and intermodal units
 

Excluding 335 carloads from HAL and 2,657 carloads from CCH, same-railroad traffic in the fourth quarter of 2012 through November decreased 12,488 carloads, or 7.6 percent, compared with the fourth quarter of 2011 through November. The traffic decrease was principally due to decreases of 6,202 carloads of other commodity group traffic (primarily overhead coal in GWI’s Ohio Region), 6,170 carloads of farm & food products traffic (primarily grain in GWI’s Australia Region), and 3,127 carloads of coal & coke traffic (primarily GWI’s Ohio Region), partially offset by an increase of 2,472 carloads of lumber & forest products traffic (primarily GWI’s Oregon Region). All remaining traffic increased by a net 539 carloads.

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