Genesee & Wyoming's February traffic rose 1.9% year-over-year to 142,802 carloads, led by 11.5% increase in coal and coke shipments; in three months ended in February, traffic rose 1.1% year-over-year to 299,386 carloads

DARIEN, Connecticut , March 12, 2014 (press release) –

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

G&W’s traffic in February 2014 was 142,802 carloads, an increase of 2,602 carloads, or 1.9%, compared with February 2013. G&W’s traffic in the first quarter of 2014 through February was 299,386 carloads, an increase of 3,159 carloads, or 1.1%, compared with the first quarter of 2013 through February.

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

                                                                     
Consolidated G&W                

February

2014

           

February

2013

            Change            

%

Change

       
Coal & Coke                 26,565             23,815             2,750             11.5%        
Agricultural Products                 19,437             19,264             173             0.9%        
Minerals & Stone                 14,882             15,839             (957)             (6.0%)        
Pulp & Paper                 13,104             12,459             645             5.2%        
Metals                 12,845             12,985             (140)             (1.1%)        
Chemicals & Plastics                 12,403             12,568             (165)             (1.3%)        
Lumber & Forest Products                 9,928             10,231             (303)             (3.0%)        
Petroleum Products                 8,473             8,729             (256)             (2.9%)        
Metallic Ores                 5,496             4,627             869             18.8%        
Intermodal                 5,220             5,170             50             1.0%        
Food or Kindred Products                 4,433             4,238             195             4.6%        
Waste                 2,791             2,711             80             3.0%        
Autos & Auto Parts                 2,583             2,861             (278)             (9.7%)        
Other                 4,642             4,703             (61)             (1.3%)        
Total carloads                 142,802             140,200             2,602             1.9%        
                                                                     

Highlights:

  • North American traffic increased 2,312 carloads, or 1.9%, and was negatively affected by extreme winter weather at most of G&W’s North American regions. February 2014 carload traffic was weaker than the Company’s expectations and it remains to be seen how much traffic will be recovered in March 2014 assuming milder weather patterns.
  • Australian traffic increased 290 carloads, or 1.6%, primarily due to increased iron ore and intermodal shipments, partially offset by decreased minerals & stone traffic.
  • Coal & coke traffic increased 2,750 carloads, or 11.5%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions, partially offset by decreased shipments in G&W’s Mountain West Region.
  • Traffic in all other commodity groups decreased by a net 148 carloads.

The table below sets forth consolidated summary carload information for the first quarter of 2014 through February and the first quarter of 2013 through February by commodity group.

                                                                         
Consolidated G&W                  

QTD Feb

2014

           

QTD Feb

2013

           

Change

           

%

Change

         
Coal & Coke                   55,536             51,182             4,354             8.5%          
Agricultural Products                   41,771             40,712             1,059             2.6%          
Minerals & Stone                   31,116             32,342             (1,226)             (3.8%)          
Pulp & Paper                   27,877             27,489             388             1.4%          
Chemicals & Plastics                   26,099             26,999             (900)             (3.3%)          

Metals

                  26,026             27,381             (1,355)             (4.9%)          
Lumber & Forest Products                   20,901             21,500             (599)             (2.8%)          
Petroleum Products                   18,652             18,594             58             0.3%          
Metallic Ores                   12,177             9,704             2,473             25.5%          
Intermodal                   10,152             10,533             (381)             (3.6%)          
Food or Kindred Products                   9,000             8,711             289             3.3%          
Waste                   5,948             5,947             1             0.0%          
Autos & Auto Parts                   5,111             5,326             (215)             (4.0%)          
Other                   9,020             9,807             (787)             (8.0%)          
Total carloads                   299,386             296,227             3,159             1.1%          
                                                                         

Highlights:

  • North American traffic increased 1,717 carloads, or 0.7%, and was negatively affected by severe winter weather at most of G&W’s North American regions in the first quarter of 2014 through February.
  • Australian traffic increased 1,442 carloads, or 4.1%, primarily due to increased iron ore and grain shipments, partially offset by decreased minerals & stone traffic.
  • Coal & coke traffic increased 4,354 carloads, or 8.5%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions, partially offset by decreased shipments in G&W’s Mountain West Region.
  • Metallic ores traffic increased 2,473 carloads, or 25.5%, primarily due to increased iron ore shipments in G&W’s Australia Region.
  • Traffic in all other commodity groups decreased by a net 3,668 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.

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 35 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 February 2014 and February 2013 by commodity group.

                                                                           
North American Operations:                  

February

2014

           

February

2013

            Change            

%

Change

           
Coal & Coke                   26,565             23,815             2,750             11.5%            
Agricultural Products                   14,327             14,060             267             1.9%            
Pulp & Paper                   13,104             12,459             645             5.2%            
Metals                   12,845             12,985             (140)             (1.1%)            
Chemicals & Plastics                   12,403             12,568             (165)             (1.3%)            
Minerals & Stone                   10,655             10,941             (286)             (2.6%)            
Lumber & Forest Products                   9,928             10,231             (303)             (3.0%)            
Petroleum Products                   8,449             8,708             (259)             (3.0%)            
Food or Kindred Products                   4,433             4,238             195             4.6%            
Waste                   2,791             2,711             80             3.0%            
Autos & Auto Parts                   2,583             2,861             (278)             (9.7%)            
Metallic Ores                   1,660             1,463             197             13.5%            
Intermodal                   354             684             (330)             (48.2%)            
Other                   4,642             4,703             (61)             (1.3%)            
Total carloads                   124,739             122,427             2,312             1.9%            
                                                                           

The table below sets forth North American carloading information for the first quarter of 2014 through February and the first quarter of 2013 through February by commodity group.

                                                                           
North American Operations:                  

QTD Feb

2014

           

QTD Feb

2013

            Change            

%

Change

           
Coal & Coke                   55,536             51,182             4,354             8.5%            
Agricultural Products                   31,180             31,062             118             0.4%            
Pulp & Paper                   27,877             27,489             388             1.4%            
Chemicals & Plastics                   26,099             26,999             (900)             (3.3%)            
Metals                   26,026             27,381             (1,355)             (4.9%)            
Minerals & Stone                   22,926             22,513             413             1.8%            
Lumber & Forest Products                   20,901             21,500             (599)             (2.8%)            
Petroleum Products                   18,611             18,553             58             0.3%            
Food or Kindred Products                   9,000             8,711             289             3.3%            
Waste                   5,948             5,947             1             0.0%            
Autos & Auto Parts                   5,111             5,326             (215)             (4.0%)            
Metallic Ores                   3,759             3,210             549             17.1%            
Intermodal                   583             1,180             (597)             (50.6%)            
Other                   9,020             9,807             (787)             (8.0%)            
Total carloads                   262,577             260,860             1,717             0.7%            
                                                                           

The table below sets forth Australian carloading information for February 2014 and February 2013 by commodity group.

                                                                           
Australian Operations:                  

February

2014

           

February

2013

           

Change

           

%

Change

           
Agricultural Products                   5,110             5,204             (94)             (1.8%)            
Intermodal                   4,866             4,486             380             8.5%            
Minerals & Stone                   4,227             4,898             (671)             (13.7%)            
Metallic Ores                   3,836             3,164             672             21.2%            
Petroleum Products                   24             21             3             14.3%            
Total carloads                   18,063             17,773             290             1.6%            
                                                                           

The table below sets forth Australian carloading information for the first quarter of 2014 through February and the first quarter of 2013 through February by commodity group.

                                                                           
Australian Operations:                  

QTD Feb

2014

           

QTD Feb

2013

            Change             % Change            
Agricultural Products                   10,591             9,650             941             9.8%            
Intermodal                   9,569             9,353             216             2.3%            
Metallic Ores                   8,418             6,494             1,924             29.6%            
Minerals & Stone                   8,190             9,829             (1,639)             (16.7%)            
Petroleum Products                   41             41             -             0.0%            
Total carloads                   36,809             35,367             1,442             4.1%            
                                                                           

 

Contact:
Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-202-8900
Vice President – Corporate Development & Treasurer
Web Site: http://www.gwrr.com

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