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Genesee & Wyoming Reports Traffic For January 2014

Stocks in this article: GWR

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for January 2014.

G&W’s traffic in January 2014 was 156,584 carloads, an increase of 557 carloads, or 0.4%, compared with January 2013.

The table below sets forth consolidated summary carload information for January 2014 and January 2013 by commodity group.

 
          January      

January

           

%

Consolidated G&W

2014

2013

Change

Change

Coal & Coke 28,971 27,367 1,604 5.9%
Agricultural Products 22,334 21,448 886 4.1%
Minerals & Stone 16,234 16,503 (269) (1.6%)
Pulp & Paper 14,773 15,030 (257) (1.7%)
Chemicals & Plastics 13,696 14,431 (735) (5.1%)
Metals 13,181 14,396 (1,215) (8.4%)
Lumber & Forest Products 10,973 11,269 (296) (2.6%)
Petroleum Products 10,179 9,865 314 3.2%
Metallic Ores 6,681 5,077 1,604 31.6%
Intermodal 4,932 5,363 (431) (8.0%)
Food or Kindred Products 4,567 4,473 94 2.1%
Waste 3,157 3,236 (79) (2.4%)
Autos & Auto Parts 2,528 2,465 63 2.6%
Other 4,378 5,104 (726) (14.2%)
Total carloads 156,584 156,027 557 0.4%
 

Highlights:

  • North American traffic decreased 595 carloads, or 0.4%, and was negatively affected in January 2014 by extreme winter weather at most of G&W’s North American regions.
  • Australian traffic increased 1,152 carloads, or 6.5%, primarily due to increased iron ore and grain shipments.
  • Coal & coke traffic increased 1,604 carloads, or 5.9%, primarily due to increased steam coal shipments in G&W’s Ohio Valley Region.
  • Metallic ores traffic increased 1,604 carloads, or 31.6%, primarily due to increased iron ore shipments in G&W’s Australia Region.
  • Metals traffic decreased 1,215 carloads, or 8.4%, primarily due to decreased scrap steel shipments in G&W’s Southern Region.
  • All remaining traffic decreased by a net 1,436 carloads.

Other

Historically, G&W has found that carload information may be indicative of freight revenues on its railroads, but may not be indicative of total revenues, operating expenses, operating income or net income. Car movements related to railcar switching, including activities at port terminals, are excluded from our carload information as the resulting revenues are classified as non-freight.

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