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Genesee & Wyoming Reports Traffic For October 2013

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for October 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 October 2013 was 163,829 carloads, an increase of 83,588 carloads, or 104.2%, compared to G&W’s traffic in October 2012, and an increase of 9,711 carloads, or 6.3%, compared to total October 2012 carloads pro forma for the RA acquisition.

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

                       

October 2012

% Change

Consolidated G&W

October 2013 (1)

G&W         RA         Pro Forma (2) G&W         Pro Forma (2)
Coal & Coke 26,698 15,553         10,447         26,000 71.7%         2.7%
Minerals & Stone 19,920 11,807 7,014 18,821 68.7% 5.8%
Agricultural Products 18,774 5,533 14,858 20,391 239.3% -7.9%
Metals 15,518 7,250 5,226 12,476 114.0% 24.4%
Pulp & Paper 14,508 8,817 5,064 13,881 64.5% 4.5%
Chemicals & Plastics 14,021 5,819 7,566 13,385 141.0% 4.8%
Lumber & Forest Products 11,912 6,646 4,826 11,472 79.2% 3.8%
Petroleum Products 9,008 2,485 5,021 7,506 262.5% 20.0%
Metallic Ores 7,189 4,012 780 4,792 79.2% 50.0%
Intermodal 6,923 6,540 - 6,540 5.9% 5.9%
Food or Kindred Products 5,615 1,178 4,193 5,371 376.7% 4.5%
Waste 4,224 2,150 1,814 3,964 96.5% 6.6%
Autos & Auto Parts 3,503 861 2,126 2,987 306.9% 17.3%
Other 6,016 1,590         4,942         6,532 278.4% -7.9%
Total carloads 163,829 80,241         73,877         154,118 104.2% 6.3%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Metals traffic increased 3,042 carloads primarily due to increased shipments in G&W’s Southern, Northeast, Canada and Ohio Valley regions. Metallic ores traffic increased 2,397 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Petroleum products traffic increased 1,502 carloads primarily due to increased shipments of crude oil in G&W’s Pacific Region. Agricultural products traffic decreased 1,617 carloads primarily due to decreased shipments in G&W’s Midwest, Central and Pacific regions, partially offset by increased shipments in G&W’s Australia Region. All remaining traffic increased by a net 4,387 carloads.

Stock quotes in this article: GWR 

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