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

Cindy Allen

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.

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.

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.

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.

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

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.

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