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:
|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%|
|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%|
|Food or Kindred Products||4,591||1,017||3,479||4,496||351.4%||2.1%|
|Autos & Auto Parts||3,099||904||1,816||2,720||242.8%||13.9%|
|(1) Total carloads from G&W and RA|
|(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012|