Genesee & Wyoming : Reports Traffic for August 2014

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

G&W’s traffic in August 2014 was 179,184 carloads, an increase of 17,083 carloads, or 10.5%, compared with August 2013. G&W’s same-railroad traffic in August 2014 was 174,013 carloads, an increase of 11,912 carloads, or 7.3%, compared with August 2013.

G&W’s traffic in the third quarter of 2014 through August was 356,370 carloads, an increase of 29,197 carloads, or 8.9%, compared with the third quarter of 2013 through August. G&W’s same-railroad traffic in the third quarter of 2014 through August was 345,827 carloads, an increase of 18,654 carloads, or 5.7%, compared with the third quarter of 2013 through August.

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

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 3,008 carloads of agricultural products traffic, 1,249 carloads of minerals & stone traffic, 666 carloads of chemicals & plastics traffic and 248 carloads from all other commodities.

Same-railroad Highlights:

The following highlights relate to same-railroad traffic, excluding traffic from the Rapid City, Pierre & Eastern Railroad, which commenced operations on June 1, 2014.

• North American traffic increased 12,894 carloads, or 9.1%, primarily due to increased overhead Class 1 shipments and increased coal, agricultural products and minerals & stone traffic.
• Australian traffic decreased 982 carloads, or 4.8%, primarily due to decreased agricultural products traffic.
• G&W’s Other commodity group traffic increased 4,790 carloads, or 64.2%, primarily due to overhead Class 1 shipments.
• Coal & coke traffic increased 3,999 carloads, or 14.8%, primarily due to increased steam coal shipments in G&W’s Central and Ohio Valley regions.
• Minerals & stone traffic increased 2,539 carloads, or 13.1%, primarily due to increased shipments in G&W’s Ohio Valley, Northeast and Central regions.
• All remaining traffic increased by a net 584 carloads.

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

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 6,288 carloads of agricultural products traffic, 2,503 carloads of minerals & stone traffic, 1,313 carloads of chemicals & plastics traffic and 439 carloads from all other commodities.

Same-railroad Highlights:

The following highlights relate to same-railroad traffic, excluding traffic from the Rapid City, Pierre & Eastern Railroad, which commenced operations on June 1, 2014.

• North American traffic increased 21,421 carloads, or 7.5%, primarily due to increased coal and minerals & stone traffic and increased overhead Class 1 shipments.
• Australian traffic decreased 2,767 carloads, or 6.6%, primarily due to decreased agricultural products and intermodal traffic.
• Coal & coke traffic increased 7,035 carloads, or 12.6%, primarily due to increased steam coal shipments in G&W’s Central, Midwest and Ohio Valley regions.
• Minerals & stone traffic increased 5,932 carloads, or 15.2%, primarily due to increased shipments in G&W’s Ohio Valley, Central, Northeast and Midwest regions.
• G&W’s Other commodity group traffic increased 5,406 carloads, or 40.1%, primarily due to overhead Class 1 shipments.
• All remaining traffic increased by a net 281 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 short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, G&W Australia operates the 1,400-mile Tarcoola to Darwin rail line, which links the Port of Darwin with the interstate rail network in South Australia. Operations currently include 112 railroads organized in 11 regions, with more than 15,000 miles of owned and leased track, 5,000 employees and over 2,000 customers. G&W subsidiaries 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 August 2014 and August 2013 by commodity group.

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 3,008 carloads of agricultural products traffic, 1,249 carloads of minerals & stone traffic, 666 carloads of chemicals & plastics traffic and 248 carloads from all other commodities.

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

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 6,288 carloads of agricultural products traffic, 2,503 carloads of minerals & stone traffic, 1,313 carloads of chemicals & plastics traffic and 439 carloads from all other commodities.

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

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