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Genesee & Wyoming Reports Traffic For July 2013

Stocks in this article: GWR

Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for July 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 July 2013 was 165,072 carloads, an increase of 84,214 carloads, or 104.2%, compared to G&W’s traffic in July 2012, and an increase of 13,400 carloads, or 8.8%, compared to total July 2012 carloads pro forma for the RA acquisition.

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

        July 2012     % Change

July

           
Consolidated G&W

2013 (1)

G&W     RA     Pro Forma (2) G&W     Pro Forma (2)
Coal & Coke 28,695 17,083 12,699 29,782 68.0% -3.6%
Agricultural Products 21,487 8,244 11,029 19,273 160.6% 11.5%
Minerals & Stone 19,743 10,659 7,471 18,130 85.2% 8.9%
Metals 15,974 6,267 5,797 12,064 154.9% 32.4%
Pulp & Paper 15,085 9,484 4,804 14,288 59.1% 5.6%
Chemicals & Plastics 14,247 5,795 7,480 13,275 145.8% 7.3%
Lumber & Forest Products 10,927 6,032 4,270 10,302 81.2% 6.1%
Petroleum Products 8,301 2,175 4,771 6,946 281.7% 19.5%
Metallic Ores 6,900 4,216 827 5,043 63.7% 36.8%
Intermodal 6,649 5,934 - 5,934 12.0% 12.0%
Food or Kindred Products 4,368 924 3,779 4,703 372.7% -7.1%
Waste 4,024 1,939 1,975 3,914 107.5% 2.8%
Autos & Auto Parts 2,648 645 1,748 2,393 310.5% 10.7%
Other 6,024   1,461     4,164     5,625   312.3% 7.1%
Total carloads 165,072   80,858     70,814     151,672   104.2% 8.8%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Metals traffic increased 3,910 carloads primarily in G&W’s Ohio Valley, Northeast and Southern regions due to increased shipment volumes in all three regions and partially due to a maintenance outage at a steel mill in the Southern region that negatively affected shipment volumes in July 2012. Agricultural products traffic increased 2,214 carloads primarily due to increased shipments in G&W’s Australia and Midwest regions. Metallic Ores traffic increased 1,857 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Minerals & Stone traffic increased 1,613 carloads primarily due to increased rock salt shipments in G&W’s Northeast Region. All remaining traffic increased by a net 3,806 carloads.

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