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

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.

The table below sets forth consolidated summary carload information for the fourth quarter of 2013 and the fourth quarter of 2012:

 
             

4th Qtr 2012
     

% Change
Consolidated G&W

4th Qtr

2013(1)
G&W     RA     Pro Forma(2) G&W     Pro Forma(2)
Coal & Coke 82,960 41,541 32,061 73,602 99.7 % 12.7 %
Agricultural Products 61,827 18,666 38,646 57,312 231.2 % 7.9 %
Minerals & Stone 50,087 31,989 19,080 51,069 56.6 % -1.9 %
Pulp & Paper 42,928 25,978 14,432 40,410 65.2 % 6.2 %
Metals 42,636 22,017 16,140 38,157 93.7 % 11.7 %
Chemicals & Plastics 39,088 16,929 22,108 39,037 130.9 % 0.1 %
Lumber & Forest Products 32,375 18,774 13,873 32,647 72.4 % -0.8 %
Petroleum Products 27,753 7,649 16,206 23,855 262.8 % 16.3 %
Metallic Ores 20,763 11,976 2,221 14,197 73.4 % 46.2 %
Intermodal 19,647 18,786 - 18,786 4.6 % 4.6 %
Food or Kindred Products 14,916 3,027 11,166 14,193 392.8 % 5.1 %
Waste 10,999 5,979 4,965 10,944 84.0 % 0.5 %
Autos & Auto Parts 9,512 2,622 5,425 8,047 262.8 % 18.2 %
Other 16,415 3,885     12,777     16,662 322.5 % -1.5 %
Total carloads 471,906 229,818     209,100     438,918 105.3 % 7.5 %
(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 9,358 carloads primarily due to increased shipments in G&W’s Central, Midwest and Ohio Valley regions. Metallic ores traffic increased 6,566 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Agricultural products traffic increased 4,515 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. Metals traffic increased 4,479 carloads primarily due to increased shipments in G&W’s Northeast and Southern regions. Petroleum products traffic increased 3,898 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific and Ohio Valley regions. All remaining traffic increased by a net 4,172 carloads.

Carload Reporting for RailAmerica Inc. Traffic

December 2012 and the fourth quarter of 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,773 and 5,172 carloads, respectively, compared to RailAmerica’s historically reported figures to remove duplication of traffic that interchanges with another owned railroad. This elimination conforms with G&W’s reporting policy. Also, starting in January 2013, G&W has re-allocated certain products within the reported commodity groups. The carload information included in this release presents both 2013 and 2012 on a consistent basis for these changes.

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.

About G&W

G&W owns and operates short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, G&W operates the 1,400-mile Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 111 railroads organized in 11 regions, with nearly 15,000 miles of owned and leased track, 4,600 employees and over 2,000 customers. G&W provides rail service at 35 ports in North America, Australia and Europe and performs contract coal loading and railcar switching for industrial customers.

For more information, visit gwrr.com.

Exhibit

The table below sets forth North American carloading information for December 2013 and December 2012:
 
             

December 2012
     

% Change
North American Operations:

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 16,656 3,333 11,004 14,337 399.7 % 16.2 %
Pulp & Paper 14,848 8,639 4,878 13,517 71.9 % 9.8 %
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 %
Minerals & Stone 11,361 4,630 5,726 10,356 145.4 % 9.7 %
Lumber & Forest Products 9,802 5,962 4,525 10,487 64.4 % -6.5 %
Petroleum Products 9,746 2,747 6,088 8,835 254.8 % 10.3 %
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 %
Metallic Ores 1,883 682 681 1,363 176.1 % 38.2 %
Intermodal 378 191 - 191 97.9 % 97.9 %
Other 6,158 1,149     3,209     4,358 435.9 % 41.3 %
Total carloads 136,719 56,183     65,789     121,972 143.3 % 12.1 %
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

The table below sets forth North American carloading information for the fourth quarter of 2013 and the fourth quarter of 2012:
 
             

4th Qtr 2012
     

% Change
North American Operations:

4th Qtr

2013(1)
G&W     RA     Pro Forma(2) G&W     Pro Forma(2)
Coal & Coke 82,960 41,541 32,061 73,602 99.7 % 12.7 %
Agricultural Products 48,361 11,420 38,646 50,066 323.5 % -3.4 %
Pulp & Paper 42,928 25,978 14,432 40,410 65.2 % 6.2 %
Metals 42,636 22,017 16,140 38,157 93.7 % 11.7 %
Minerals & Stone 39,463 16,792 19,080 35,872 135.0 % 10.0 %
Chemicals & Plastics 39,088 16,929 22,108 39,037 130.9 % 0.1 %
Lumber & Forest Products 32,375 18,774 13,873 32,647 72.4 % -0.8 %
Petroleum Products 27,677 7,566 16,206 23,772 265.8 % 16.4 %
Food or Kindred Products 14,916 3,027 11,166 14,193 392.8 % 5.1 %
Waste 10,999 5,979 4,965 10,944 84.0 % 0.5 %
Autos & Auto Parts 9,512 2,622 5,425 8,047 262.8 % 18.2 %
Metallic Ores 5,333 2,653 2,221 4,874 101.0 % 9.4 %
Intermodal 2,404 1,244 - 1,244 93.2 % 93.2 %
Other 16,415 3,885     12,777     16,662 322.5 % -1.5 %
Total carloads 415,067 180,427     209,100     389,527 130.0 % 6.6 %
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 

The table below sets forth Australian carloading information for December 2013 and December 2012:
 
Australian Operations:        

December

2013
     

December

2012
   

%

Change
Agricultural Products 5,615 4,176     34.5 %
Intermodal 5,594 6,000 -6.8 %
Metallic Ores 4,978 3,608 38.0 %
Minerals & Stone 2,841 4,536 -37.4 %
Petroleum Products 22 26 -15.4 %
Total carloads 19,050 18,346 3.8 %
 

The table below sets forth Australian carloading information for the fourth quarter of 2013 and the fourth quarter of 2012:
 
Australian Operations:        

4th Qtr

2013
     

4th Qtr

2012
   

%

Change
Intermodal 17,243 17,542 -1.7 %
Metallic Ores 15,430 9,323 65.5 %
Agricultural Products 13,466 7,246 85.8 %
Minerals & Stone 10,624 15,197 -30.1 %
Petroleum Products 76 83 -8.4 %
Total carloads 56,839 49,391 15.1 %
 

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