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:
Pro Forma (2)
|G&W||Pro Forma (2)|
|Coal & Coke||28,240||14,746||10,526||25,272||91.5%||11.7%|
|Minerals & Stone||19,412||11,284||8,203||19,487||72.0%||-0.4%|
|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%|
|Food or Kindred Products||3,878||862||3,597||4,459||349.9%||-13.0%|
|Autos & Auto Parts||3,341||888||1,797||2,685||276.2%||24.4%|
|Carloads from New Railroads (3)||1,384|
|(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|