Genesee & Wyoming Reports Traffic For November 2013

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for November 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 November 2013 was 152,308 carloads, an increase of 77,260 carloads, or 102.9%, compared to G&W’s traffic in November 2012, and an increase of 7,826 carloads, or 5.4%, compared to total November 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the fourth quarter of 2013 through November was 316,137 carloads, an increase of 160,848 carloads, or 103.6%, compared to G&W’s traffic in the fourth quarter of 2012 through November, and an increase 17,537 carloads, or 5.9%, compared to total fourth quarter of 2012 through November carloads pro forma for the RA acquisition.

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

November 2012

% Change
Consolidated G&W

November 2013 (1)
G&W       RA       Pro Forma (2) G&W       Pro Forma (2)
Coal & Coke 27,440 13,641       10,915       24,556 101.2%       11.7%
Agricultural Products 20,782 5,624 12,784 18,408 269.5% 12.9%
Minerals & Stone 15,965 11,016 6,340 17,356 44.9% -8.0%
Pulp & Paper 13,572 8,522 4,490 13,012 59.3% 4.3%
Metals 13,346 7,076 5,226 12,302 88.6% 8.5%
Chemicals & Plastics 12,262 5,681 7,633 13,314 115.8% -7.9%
Lumber & Forest Products 10,661 6,166 4,522 10,688 72.9% -0.3%
Petroleum Products 8,977 2,391 5,097 7,488 275.4% 19.9%
Intermodal 6,752 6,055 - 6,055 11.5% 11.5%
Metallic Ores 6,713 3,674 760 4,434 82.7% 51.4%
Food or Kindred Products 4,786 991 3,507 4,498 382.9% 6.4%
Waste 3,472 2,106 1,690 3,796 64.9% -8.5%
Autos & Auto Parts 3,339 959 1,844 2,803 248.2% 19.1%
Other 4,241 1,146       4,626       5,772 270.1% -26.5%
Total carloads 152,308 75,048       69,434       144,482 102.9% 5.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Coal & coke traffic increased 2,884 carloads primarily due to increased shipments in G&W’s Central, Midwest and Ohio Valley regions. Agricultural products traffic increased 2,374 carloads primarily due to increased shipments in G&W’s Australia and Ohio Valley regions, partially offset by decreased shipments in G&W’s Midwest Region. Metallic ores traffic increased 2,279 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. All remaining traffic increased by a net 289 carloads.

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