Genesee & Wyoming : Reports Traffic for December 2014 and the Fourth Quarter of 2014

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for December 2014 and the fourth quarter of 2014.

G&W’s traffic in December 2014 was 174,707 carloads, an increase of 18,938 carloads, or 12.2%, compared with December 2013. G&W’s same-railroad traffic in December 2014 was 169,368 carloads, an increase of 13,599 carloads, or 8.7%, compared with December 2013.

G&W’s traffic in the fourth quarter of 2014 was 510,141 carloads, an increase of 38,235 carloads, or 8.1%, compared with the fourth quarter of 2013. G&W’s same-railroad traffic in the fourth quarter of 2014 was 493,599 carloads, an increase of 21,693 carloads, or 4.6%, compared with the fourth quarter of 2013.

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

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 13,119 carloads, or 9.6%, primarily due to increased coal & coke, minerals & stone and chemicals & plastics traffic.
• Australian traffic increased 480 carloads, or 2.5%, primarily due to increased minerals & stone traffic, partially offset by decreased agricultural products and metallic ores traffic.
• Minerals & stone traffic increased 5,850 carloads, or 41.2%, due to increased shipments across all G&W regions.
• Coal & coke traffic increased 4,479 carloads, or 15.5%, due to increased steam coal shipments in G&W’s Ohio Valley, Midwest and Central regions.
• Chemicals & plastics traffic increased 1,794 carloads, or 14.0%, primarily due to increased shipments in G&W’s Midwest and Mountain West regions.
• All remaining traffic increased by a net 1,476 carloads.

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

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 24,176 carloads, or 5.8%, primarily due to increased coal & coke and minerals & stone traffic, as well as increased overhead Class 1 shipments.
• Australian traffic decreased 2,483 carloads, or 4.4%, primarily due to decreased agricultural products and metallic ores traffic, partially offset by increased minerals & stone traffic.
• Minerals & stone traffic increased 11,303 carloads, or 22.6%, primarily due to increased shipments across most G&W regions.
• Coal & coke traffic increased 10,073 carloads, or 12.1%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions.
• G&W’s Other commodity group traffic increased 4,321 carloads, or 26.3%, primarily due to overhead Class 1 shipments.
• Agricultural products traffic decreased 6,023 carloads, or 9.7%, primarily due to decreased shipments in G&W’s Australia, Ohio Valley and Midwest regions, partially offset by increased shipments in G&W’s Central Region.
• Intermodal traffic decreased 2,530 carloads, or 12.9%, primarily due to a 1,694 carload decrease in G&W’s Canada and Australia regions. The remaining 836 carload decrease is due to a classification change affecting traffic for a customer in North America that was reported in the intermodal commodity group in the fourth quarter of 2013 through November and has been reported based on the underlying commodity shipped since December 2013.
• All remaining traffic increased by a net 4,549 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 116 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 carload information for December 2014 and December 2013 by commodity group.

The table below sets forth North American carload information for the fourth quarter of 2014 and the fourth quarter of 2013 by commodity group.

The table below sets forth Australian carload information for December 2014 and December 2013 by commodity group.

The table below sets forth Australian carload information for the fourth quarter of 2014 and the fourth quarter of 2013 by commodity group.