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Genesee & Wyoming Reports Traffic For January 2013

Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for January 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 January 2013 was 156,027 carloads, an increase of 83,140 carloads, or 114.1%, compared to G&W’s traffic in January 2012, and an increase of 13,442 carloads, or 9.4%, compared to total January 2012 carloads pro forma for the RA acquisition.

The tables below set forth consolidated summary carload information for January 2013 and January 2012.

       

January 2013 (1)

       

January 2012

       

% Change

Consolidated G&W G&W         RA         Pro Forma (2) G&W         Pro Forma (2)
Coal & Coke 27,367 13,136         12,342         25,478 108.3%         7.4%
Agricultural Products 21,448 9,119 11,563 20,682 135.2% 3.7%
Minerals & Stone 16,503 10,102 5,874 15,976 63.4% 3.3%
Pulp & Paper 15,030 8,367 4,877 13,244 79.6% 13.5%
Chemicals & Plastics 14,431 5,908 7,292 13,200 144.3% 9.3%
Metals 14,396 8,921 6,218 15,139 61.4% -4.9%
Lumber & Forest Products 11,269 5,283 3,971 9,254 113.3% 21.8%
Petroleum Products 9,865 2,073 4,441 6,514 375.9% 51.4%
Intermodal 5,363 3,528 - 3,528 52.0% 52.0%
Metallic Ores 5,077 1,731 970 2,701 193.3% 88.0%
Food or Kindred Products 4,473 771 4,068 4,839 480.2% -7.6%
Waste 3,236 1,865 1,804 3,669 73.5% -11.8%
Autos & Auto Parts 2,465 701 1,573 2,274 251.6% 8.4%
Other 5,104 1,382         4,705         6,087 269.3% -16.1%
Total carloads 156,027 72,887         69,698         142,585 114.1% 9.4%
Carloads from New Railroads (3) 3,310
Same-railroad carloads 152,717 72,887         69,698         142,585 109.5% 7.1%
(1)   Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
(3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, LLC; Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

Excluding 3,310 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 10,132 carloads, or 7.1%, compared to January 2012. Petroleum products increased 3,156 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W’s Pacific, Southern, Mountain West and Canada regions. Metallic ores traffic increased 2,376 carloads primarily due to increased shipments in G&W’s Australia Region as a result of the start-up of a new iron ore mine and 2012 traffic levels being negatively affected by the Edith River Bridge closure. Lumber & forest products traffic increased 1,946 carloads primarily due to increased shipments in G&W’s Pacific Region. Coal & coke traffic increased 1,889 carloads primarily due to increased shipments in G&W’s Midwest Region, offset by a decline in G&W’s Ohio Valley Region primarily due to the cessation of overhead coal shipments (formerly reported in G&W’s Other commodity group). Intermodal traffic increased 1,835 units primarily due to increased shipments in G&W’s Australia Region as a result of 2012 traffic levels being negatively affected by the Edith River Bridge closure. All remaining traffic decreased by a net 1,070 carloads.

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