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Genesee & Wyoming Reports Traffic For December And The Fourth Quarter Of 2013

Stocks in this article: GWR

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for December 2013 and the fourth 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 December 2013 was 155,769 carloads, an increase of 81,240 carloads, or 109.0%, compared to G&W’s traffic in December 2012, and an increase of 15,451 carloads, or 11.0%, compared to total December 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the fourth quarter of 2013 was 471,906 carloads, an increase of 242,088 carloads, or 105.3%, compared to G&W’s traffic in the fourth quarter of 2012, and an increase of 32,988 carloads, or 7.5%, compared to total fourth quarter of 2012 carloads pro forma for the RA acquisition.

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

 
             

December 2012

     

% Change

Consolidated G&W

December

2013 (1)

G&W     RA     Pro Forma (2) G&W     Pro Forma (2)
Coal & Coke 28,822 12,347 10,699 23,046 133.4 % 25.1 %
Agricultural Products 22,271 7,509 11,004 18,513 196.6 % 20.3 %
Pulp & Paper 14,848 8,639 4,878 13,517 71.9 % 9.8 %
Minerals & Stone 14,202 9,166 5,726 14,892 54.9 % -4.6 %
Metals 13,772 7,691 5,688 13,379 79.1 % 2.9 %
Chemicals & Plastics 12,805 5,429 6,909 12,338 135.9 % 3.8 %
Lumber & Forest Products 9,802 5,962 4,525 10,487 64.4 % -6.5 %
Petroleum Products 9,768 2,773 6,088 8,861 252.3 % 10.2 %
Metallic Ores 6,861 4,290 681 4,971 59.9 % 38.0 %
Intermodal 5,972 6,191 - 6,191 -3.5 % -3.5 %
Food or Kindred Products 4,515 858 3,466 4,324 426.2 % 4.4 %
Waste 3,303 1,723 1,461 3,184 91.7 % 3.7 %
Autos & Auto Parts 2,670 802 1,455 2,257 232.9 % 18.3 %
Other 6,158 1,149     3,209     4,358 435.9 % 41.3 %
Total carloads 155,769 74,529     65,789     140,318 109.0 % 11.0 %
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

Coal & coke traffic increased 5,776 carloads primarily due to increased shipments in G&W’s Midwest, Central, Mountain West and Ohio Valley regions. Agricultural products traffic increased 3,758 carloads primarily due to increased shipments in G&W’s Australia, Pacific and Ohio Valley regions. Metallic ores traffic increased 1,890 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. G&W’s Other commodity group traffic increased 1,800 carloads primarily due to overhead Class 1 shipments. All remaining traffic increased by a net 2,227 carloads.

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