Genesee & Wyoming's April traffic rose 8.1% year-over-year to 170,513 carloads, driven by 10.8% increase in North American carloads, particularly shipments of coal, agricultural products, overhead Class 1 shipments

DARIEN, Connecticut , May 8, 2014 (press release) –

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

G&W’s traffic in April 2014 was 170,513 carloads, an increase of 12,818 carloads, or 8.1%, compared with April 2013.

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

Consolidated G&W        

  April  

  2014  

         

  April  
  2013  

       

  Change  

     

  %  
  Change  

     
Coal & Coke         29,033           24,026         5,007       20.8%      
Agricultural Products         24,522           19,956         4,566       22.9%      
Minerals & Stone         19,469           20,180         (711)       (3.5%)      
Metals         15,976           14,839         1,137       7.7%      
Chemicals & Plastics         14,591           14,608         (17)       (0.1%)      
Pulp & Paper         14,091           13,868         223       1.6%      
Lumber & Forest Products         11,867           12,043         (176)       (1.5%)      
Petroleum Products         8,527           9,746         (1,219)       (12.5%)      
Metallic Ores         6,106           5,542         564       10.2%      
Intermodal         5,240           5,418         (178)       (3.3%)      
Food or Kindred Products         5,134           4,675         459       9.8%      
Waste         3,306           3,499         (193)       (5.5%)      
Autos & Auto Parts         2,344           3,057         (713)       (23.3%)      
Other         10,307           6,238         4,069       65.2%      
Total carloads         170,513           157,695         12,818       8.1%      
                                               

Highlights:

  • North American traffic increased 14,783 carloads, or 10.8%, primarily due to increased coal, agricultural products and overhead Class 1 shipments.
  • Australian traffic decreased 1,965 carloads, or 9.5%, primarily due to decreased minerals & stone traffic.
  • Coal & coke traffic increased 5,007 carloads, or 20.8%, 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 Central Region.
  • Agricultural products traffic increased 4,566 carloads, or 22.9%, primarily due to increased shipments in G&W’s Pacific, Canada, Central and Ohio Valley regions.
  • G&W’s Other commodity group traffic increased 4,069 carloads, or 65.2%, primarily due to overhead Class 1 shipments.
  • Traffic in all other commodity groups decreased by a net 824 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 37 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 April 2014 and April 2013 by commodity group.

North American Operations:        

  April  
  2014    

         

  April  
  2013  

       

  Change  

       

  %  
  Change  

     
Coal & Coke         29,033           24,026         5,007         20.8%      
Agricultural Products         18,468           13,674         4,794         35.1%      
Metals         15,976           14,839         1,137         7.7%      
Minerals & Stone         15,943           14,775         1,168         7.9%      
Chemicals & Plastics         14,591           14,608         (17)         (0.1%)      
Pulp & Paper         14,091           13,868         223         1.6%      
Lumber & Forest Products         11,867           12,043         (176)         (1.5%)      
Petroleum Products         8,502           9,724         (1,222)         (12.6%)      
Food or Kindred Products         5,134           4,675         459         9.8%      
Waste         3,306           3,499         (193)         (5.5%)      
Autos & Auto Parts         2,344           3,057         (713)         (23.3%)      
Metallic Ores         1,913           1,715         198         11.5%      
Intermodal         394           345         49         14.2%      
Other         10,307           6,238         4,069         65.2%      
Total carloads         151,869           137,086         14,783         10.8%      
                                                 

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

Australian Operations:        

  April  

  2014  

         

  April  

  2013  

       

  Change  

       

  %  
  Change  

     
Agricultural Products         6,054           6,282         (228)         (3.6%)      
Intermodal         4,846           5,073         (227)         (4.5%)      
Metallic Ores         4,193           3,827         366         9.6%      
Minerals & Stone         3,526           5,405         (1,879)         (34.8%)      
Petroleum Products         25           22         3         13.6%      
Total carloads         18,644           20,609         (1,965)         (9.5%)      
                                                 

 

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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