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Genesee & Wyoming Reports Traffic For August 2013

Stocks in this article: GWR

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for August 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 August 2013 was 162,101 carloads, an increase of 79,415 carloads, or 96.0%, compared to G&W’s traffic in August 2012, and an increase of 6,355 carloads, or 4.1%, compared to total August 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the third quarter of 2013 through August was 327,173 carloads, an increase of 163,629 carloads, or 100.1%, compared to G&W’s traffic in the third quarter of 2012 through August, and an increase 19,755 carloads, or 6.4%, compared to total third quarter of 2012 through August carloads pro forma for the RA acquisition.

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

                                   

August 2012

% Change

Consolidated G&W

August 2013 (1)

G&W         RA         Pro Forma (2) G&W         Pro Forma (2)
Coal & Coke 27,090 17,805         11,166         28,971 52.1%         -6.5%
Minerals & Stone 19,368 11,197 8,353 19,550 73.0% -0.9%
Agricultural Products 17,782 6,864 9,586 16,450 159.1% 8.1%
Metals 15,320 8,135 6,871 15,006 88.3% 2.1%
Pulp & Paper 15,016 9,353 5,201 14,554 60.5% 3.2%
Chemicals & Plastics 14,037 5,977 7,820 13,797 134.9% 1.7%
Lumber & Forest Products 11,328 6,369 4,961 11,330 77.9% 0.0%
Petroleum Products 9,375 2,243 4,905 7,148 318.0% 31.2%
Intermodal 7,057 5,633 - 5,633 25.3% 25.3%
Metallic Ores 6,451 3,526 845 4,371 83.0% 47.6%
Food or Kindred Products 4,517 1,066 4,130 5,196 323.7% -13.1%
Waste 4,019 2,015 1,826 3,841 99.5% 4.6%
Autos & Auto Parts 3,277 1,025 1,462 2,487 219.7% 31.8%
Other 7,464 1,478         5,934         7,412 405.0% 0.7%
Total carloads 162,101 82,686         73,060         155,746 96.0% 4.1%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Petroleum products traffic increased 2,227 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Southern and Canada regions. Metallic ores traffic increased 2,080 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Coal & coke traffic decreased 1,881 carloads primarily due to decreased shipments in G&W’s Central and Mountain West regions. All remaining traffic increased by a net 3,929 carloads.

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