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Genesee & Wyoming Reports Traffic For January 2013

Stocks in this article: GWR

Carload Reporting for RailAmerica Inc. Traffic

January 2012 carloads from RailAmerica Inc. railroads include eliminations of 2,039 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 January 2013 and January 2012 on a consistent basis for these changes. Total pro forma 2012 carloads, as though G&W had acquired RA on January 1, 2012, are presented as an exhibit to this press release on a quarterly basis and inclusive of eliminations of 22,519 carloads.

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 more than 15,000 miles of owned and leased track, 4,500 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 January 2013 and January 2012:

       

January

2013 (1)

       

January 2012

       

% Change

North American Operations: 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 17,002 4,203 11,563 15,766 304.5% 7.8%
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%
Minerals & Stone 11,572 5,077 5,874 10,951 127.9% 5.7%
Lumber & Forest Products 11,269 5,283 3,971 9,254 113.3% 21.8%
Petroleum Products 9,845 2,036 4,441 6,477 383.5% 52.0%
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%
Metallic Ores 1,747 920 970 1,890 89.9% -7.6%
Intermodal 496 170 - 170 191.8% 191.8%
Other 5,104 1,382         4,705         6,087 269.3% -16.1%
Total carloads 138,433 58,740         69,698         128,438 135.7% 7.8%
Carloads from New Railroads (3) 3,310
Same-railroad carloads 135,123 58,740         69,698         128,438 130.0% 5.2%
(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.

The table below sets forth Australian carloading information for January 2013 and January 2012:

        January         January        
Australian Operations: 2013 2012         % Change
Minerals & Stone 4,931 5,025 -1.9%
Intermodal 4,867 3,358 44.9%
Agricultural Products 4,446 4,916 -9.6%
Metallic Ores 3,330 811 310.6%
Petroleum Products 20 37 -45.9%
Total carloads 17,594 14,147 24.4%

The table below sets forth total pro forma G&W carloads for 2012 as though the RA railroads were acquired on January 1, 2012.

Pro Forma 2012 G&W Carloads         Q1 2012         Q2 2012         Q3 2012         Q4 2012         Total 2012
Coal & Coke 72,594         72,513         88,582         73,602         307,291
Agricultural Products 64,237 63,819 50,440 57,312 235,808
Minerals & Stone 48,350 60,098 55,503 51,069 215,020
Metals 46,448 42,740 40,618 38,157 167,963
Pulp & Paper 38,800 38,383 41,860 40,410 159,453
Chemicals & Plastics 39,513 39,382 39,450 39,037 157,382
Lumber & Forest Products 28,929 31,952 32,090 32,647 125,618
Petroleum Products 19,061 17,576 20,820 23,855 81,312
Intermodal 13,456 16,710 17,754 18,786 66,706
Food or Kindred Products 14,229 13,928 14,395 14,193 56,745
Metallic Ores 9,862 13,578 14,109 14,197 51,746
Waste 10,288 10,519 10,987 10,944 42,738
Autos & Auto Parts 7,672 8,023 7,600 8,047 31,342
Other 17,478         17,462         17,985         16,662         69,587
Total Pro Forma G&W carloads 430,917         446,683         452,193         438,918         1,768,711




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