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Genesee & Wyoming Reports Traffic For September And The Third Quarter Of 2013

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for September 2013 and the third 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 September 2013 was 155,650 carloads, an increase of 76,411 carloads, or 96.4%, compared to G&W’s traffic in September 2012, and an increase of 10,875 carloads, or 7.5%, compared to total September 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the third quarter of 2013 was 482,823 carloads, an increase of 240,040 carloads, or 98.9%, compared to G&W’s traffic in the third quarter of 2012, and an increase 30,630 carloads, or 6.8%, compared to total third quarter of 2012 carloads pro forma for the RA acquisition.

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

           

September 2012

   

% Change

September

         
Consolidated G&W

2013 (1)

G&W   RA   Pro Forma (2) G&W   Pro Forma (2)
Coal & Coke 28,850 18,090 11,739 29,829 59.5% -3.3%
Minerals & Stone 19,021 10,987 6,836 17,823 73.1% 6.7%
Metals 15,268 7,675 5,873 13,548 98.9% 12.7%
Agricultural Products 14,816 5,183 9,534 14,717 185.9% 0.7%
Pulp & Paper 14,529 8,376 4,642 13,018 73.5% 11.6%
Chemicals & Plastics 12,512 5,342 7,036 12,378 134.2% 1.1%
Lumber & Forest Products 10,888 6,195 4,263 10,458 75.8% 4.1%
Petroleum Products 7,969 2,286 4,440 6,726 248.6% 18.5%
Intermodal 6,307 6,187 - 6,187 1.9% 1.9%
Metallic Ores 6,061 3,965 730 4,695 52.9% 29.1%
Food or Kindred Products 4,591 1,017 3,479 4,496 351.4% 2.1%
Waste 4,005 1,658 1,574 3,232 141.6% 23.9%
Autos & Auto Parts 3,099 904 1,816 2,720 242.8% 13.9%
Other 7,734   1,374     3,574   4,948 462.9% 56.3%
Total carloads 155,650   79,239     65,536   144,775 96.4% 7.5%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Traffic from G&W’s Other commodity group increased 2,786 carloads primarily due to detoured Class I trains in G&W’s Central Region. Metals traffic increased 1,720 carloads primarily due to increased shipments in G&W’s Northeast and Southern regions. Pulp & paper traffic increased 1,511 carloads due to increased shipments across all G&W regions. Metallic ores traffic increased 1,366 carloads due to increased iron ore shipments in G&W’s Australia Region. All remaining traffic increased by a net 3,492 carloads.

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