Genesee & Wyoming's September traffic rises 96.4% from a year ago, 7.5% compared with September 2012 carloads pro forma for RailAmerica acquisition; Q3 traffic up 98.9% year-over-year, 6.8% pro forma to 482,823 carloads

Sandy Yang

Sandy Yang

DARIEN, Connecticut , October 11, 2013 (press release) – Genesee & Wyoming Inc. (G&W) (GWR) today reported traffic volumes for September 2013 and the third 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 September 2013 was 155,650 carloads, an increase of 76,411 carloads, or 96.4%, compared to G&W’s traffic in September 2012, and an increase of 10,875 carloads, or 7.5%, compared to total September 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the third quarter of 2013 was 482,823 carloads, an increase of 240,040 carloads, or 98.9%, compared to G&W’s traffic in the third quarter of 2012, and an increase 30,630 carloads, or 6.8%, compared to total third quarter of 2012 carloads pro forma for the RA acquisition.
The table below sets forth consolidated summary carload information for September 2013 and September 2012:

               

September 2012

   

% Change

         

September

                           
Consolidated G&W        

2013(1)

    G&W   RA   Pro Forma(2)     G&W   Pro Forma(2)
Coal & Coke         28,850       18,090     11,739   29,829     59.5%   -3.3%
Minerals & Stone         19,021       10,987     6,836   17,823     73.1%   6.7%
Metals         15,268       7,675     5,873   13,548     98.9%   12.7%
Agricultural Products         14,816       5,183     9,534   14,717     185.9%   0.7%
Pulp & Paper         14,529       8,376     4,642   13,018     73.5%   11.6%
Chemicals & Plastics         12,512       5,342     7,036   12,378     134.2%   1.1%
Lumber & Forest Products         10,888       6,195     4,263   10,458     75.8%   4.1%
Petroleum Products         7,969       2,286     4,440   6,726     248.6%   18.5%
Intermodal         6,307       6,187     -   6,187     1.9%   1.9%
Metallic Ores         6,061       3,965     730   4,695     52.9%   29.1%
Food or Kindred Products         4,591       1,017     3,479   4,496     351.4%   2.1%
Waste         4,005       1,658     1,574   3,232     141.6%   23.9%
Autos & Auto Parts         3,099       904     1,816   2,720     242.8%   13.9%
Other         7,734       1,374     3,574   4,948     462.9%   56.3%
Total carloads         155,650       79,239     65,536   144,775     96.4%   7.5%
(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012
 
Traffic from G&W’s Other commodity group increased 2,786 carloads primarily due to detoured Class I trains in G&W’s Central Region. Metals traffic increased 1,720 carloads primarily due to increased shipments in G&W’s Northeast and Southern regions. Pulp & paper traffic increased 1,511 carloads due to increased shipments across all G&W regions. Metallic ores traffic increased 1,366 carloads due to increased iron ore shipments in G&W’s Australia Region. All remaining traffic increased by a net 3,492 carloads.
The table below sets forth consolidated summary carload information for the third quarter of 2013 and the third quarter of 2012:

               

3rd Qtr 2012

   

% Change

         

3rd Qtr

                       
Consolidated G&W        

2013(1)

    G&W   RA   Pro Forma(2)     G&W   Pro Forma(2)
Coal & Coke         84,635       52,978     35,604   88,582     59.8%   -4.5%
Minerals & Stone         58,132       32,843     22,660   55,503     77.0%   4.7%
Agricultural Products         54,085       20,291     30,149   50,440     166.5%   7.2%
Metals         46,562       22,077     18,541   40,618     110.9%   14.6%
Pulp & Paper         44,630       27,213     14,647   41,860     64.0%   6.6%
Chemicals & Plastics         40,796       17,114     22,336   39,450     138.4%   3.4%
Lumber & Forest Products         33,143       18,596     13,494   32,090     78.2%   3.3%
Petroleum Products         25,645       6,704     14,116   20,820     282.5%   23.2%
Intermodal         20,013       17,754     -   17,754     12.7%   12.7%
Metallic Ores         19,412       11,707     2,402   14,109     65.8%   37.6%
Food or Kindred Products         13,476       3,007     11,388   14,395     348.2%   -6.4%
Waste         12,048       5,612     5,375   10,987     114.7%   9.7%
Autos & Auto Parts         9,024       2,574     5,026   7,600     250.6%   18.7%
Other         21,222       4,313     13,672   17,985     392.0%   18.0%
Total carloads         482,823       242,783     209,410   452,193     98.9%   6.8%
(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 5,944 carloads primarily due to increased shipments in G&W’s Southern and Northeast regions. Metallic ores traffic increased 5,303 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Petroleum products traffic increased 4,825 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Southern and Canada regions. Agricultural products traffic increased 3,645 carloads primarily due to increased shipments in G&W’s Australia and Southern regions, partially offset by decreased shipments in G&W’s Pacific Region. Coal & coke traffic decreased 3,947 carloads primarily due to decreased shipments in G&W’s Mountain West and Central regions, partially offset by increased shipments in G&W’s Midwest Region. All remaining traffic increased by a net 14,860 carloads.

Carload Reporting for RailAmerica Inc. Traffic
September 2012 and the third quarter of 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,575 and 4,947 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. We provide rail service at 36 ports in North America, Australia and Europe and perform 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 September 2013 and September 2012:

               

September 2012

   

% Change

         

September

                       
North American Operations:        

2013(1)

    G&W   RA   Pro Forma(2)     G&W   Pro Forma(2)
Coal & Coke         28,850       18,090     11,739   29,829     59.5%   -3.3%
Metals         15,268       7,675     5,873   13,548     98.9%   12.7%
Pulp & Paper         14,529       8,376     4,642   13,018     73.5%   11.6%
Minerals & Stone         14,248       6,002     6,836   12,838     137.4%   11.0%
Chemicals & Plastics         12,512       5,342     7,036   12,378     134.2%   1.1%
Agricultural Products         11,925       2,651     9,534   12,185     349.8%   -2.1%
Lumber & Forest Products         10,888       6,195     4,263   10,458     75.8%   4.1%
Petroleum Products         7,949       2,255     4,440   6,695     252.5%   18.7%
Food or Kindred Products         4,591       1,017     3,479   4,496     351.4%   2.1%
Waste         4,005       1,658     1,574   3,232     141.6%   23.9%
Autos & Auto Parts         3,099       904     1,816   2,720     242.8%   13.9%
Metallic Ores         1,430       1,026     730   1,756     39.4%   -18.6%
Intermodal         811       321     -   321     152.6%   152.6%
Other         7,734       1,374     3,574   4,948     462.9%   56.3%
Total carloads         137,839       62,886     65,536   128,422     119.2%   7.3%
(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 third quarter of 2013 and the third quarter of 2012:


               

3rd Qtr 2012

   

% Change

         

3rd Qtr

                       
North American Operations:        

2013(1)

    G&W   RA   Pro Forma(2)     G&W   Pro Forma(2)
Coal & Coke         84,635       52,978     35,604   88,582     59.8%   -4.5%
Metals         46,562       22,077     18,541   40,618     110.9%   14.6%
Pulp & Paper         44,630       27,213     14,647   41,860     64.0%   6.6%
Minerals & Stone         43,923       18,063     22,660   40,723     143.2%   7.9%
Chemicals & Plastics         40,796       17,114     22,336   39,450     138.4%   3.4%
Agricultural Products         40,188       9,841     30,149   39,990     308.4%   0.5%
Lumber & Forest Products         33,143       18,596     13,494   32,090     78.2%   3.3%
Petroleum Products         25,566       6,605     14,116   20,721     287.1%   23.4%
Food or Kindred Products         13,476       3,007     11,388   14,395     348.2%   -6.4%
Waste         12,048       5,612     5,375   10,987     114.7%   9.7%
Autos & Auto Parts         9,024       2,574     5,026   7,600     250.6%   18.7%
Metallic Ores         4,780       3,119     2,402   5,521     53.3%   -13.4%
Intermodal         2,777       1,056     -   1,056     163.0%   163.0%
Other         21,222       4,313     13,672   17,985     392.0%   18.0%
Total carloads         422,770       192,168     209,410   401,578     120.0%   5.3%
(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 September 2013 and September 2012:


         

September

   

September

   
Australian Operations:        

2013

   

2012

  % Change
Intermodal         5,496     5,866   -6.3%
Minerals & Stone         4,773     4,985   -4.3%
Metallic Ores         4,631     2,939   57.6%
Agricultural Products         2,891     2,532   14.2%
Petroleum Products         20     31   -35.5%
Total carloads         17,811     16,353   8.9%
 
 

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


         

3rd Qtr

     

3rd Qtr

   
Australian Operations:        

2013

     

2012

  % Change
Intermodal         17,236       16,698   3.2%
Metallic Ores         14,632       8,588   70.4%
Minerals & Stone         14,209       14,780   -3.9%
Agricultural Products         13,897       10,450   33.0%
Petroleum Products         79       99   -20.2%
Total carloads         60,053       50,615   18.6%

BW-image© 2024 Business Wire, Inc., All rights reserved.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.