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Genesee & Wyoming Reports Traffic For June 2013 And The Second Quarter Of 2013

Stocks in this article: GWR

Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for June 2013 and the second quarter of 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 June 2013 was 155,757 carloads, an increase of 79,604 carloads, or 104.5%, compared to G&W’s traffic in June 2012, and an increase of 8,382 carloads, or 5.7%, compared to total June 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the second quarter of 2013 was 480,979 carloads, an increase of 248,664 carloads, or 107.0%, compared to G&W’s traffic in the second quarter of 2012, and an increase of 34,296 carloads, or 7.7%, compared to total second quarter of 2012 carloads pro forma for the RA acquisition.

The table below sets forth consolidated summary carload information for June 2013 and June 2012:

             

June 2012

       

 

% Change

   
Consolidated G&W

June

2013 (1)

G&W         RA        

Pro Forma (2)

G&W         Pro Forma (2)
Coal & Coke 28,240 14,746         10,526         25,272 91.5%         11.7%
Agricultural Products 19,666 7,596 12,234 19,830 158.9% -0.8%
Minerals & Stone 19,412 11,284 8,203 19,487 72.0% -0.4%
Metals 14,371 6,869 5,779 12,648 109.2% 13.6%
Pulp & Paper 13,909 7,892 5,184 13,076 76.2% 6.4%
Chemicals & Plastics 13,023 5,750 7,344 13,094 126.5% -0.5%
Lumber & Forest Products 10,781 6,081 4,620 10,701 77.3% 0.7%
Petroleum Products 8,798 2,052 4,286 6,338 328.8% 38.8%
Intermodal 6,255 5,818 - 5,818 7.5% 7.5%
Metallic Ores 5,531 3,510 845 4,355 57.6% 27.0%
Food or Kindred Products 3,878 862 3,597 4,459 349.9% -13.0%
Waste 3,644 1,567 1,682 3,249 132.5% 12.2%
Autos & Auto Parts 3,341 888 1,797 2,685 276.2% 24.4%
Other 4,908 1,238         5,125         6,363 296.4% -22.9%
Total carloads 155,757 76,153         71,222         147,375 104.5% 5.7%
Carloads from New Railroads (3) 1,384
Same-railroad carloads 154,373 76,153         71,222         147,375 102.7% 4.7%
 
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
(3) Total carloads from the Columbus & Chattahoochee Railroad, Inc. which started operations on July 1, 2012
 

Excluding 1,384 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 6,998 carloads, or 4.7%, compared to June 2012. Coal & coke traffic increased 2,968 carloads primarily due to increased shipments in G&W’s Midwest and Central regions. Petroleum products traffic increased 2,372 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Southern and Mountain West regions. Metals traffic increased 1,656 carloads primarily due to increased shipments in G&W’s Southern and Ohio Valley regions. All remaining traffic increased by a net 2 carloads.

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