Genesee & Wyoming : Reports Traffic for September 2014 and the Third Quarter of 2014

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

G&W’s traffic in September 2014 was 163,530 carloads, an increase of 7,880 carloads, or 5.1%, compared with September 2013. G&W’s same-railroad traffic in September 2014 was 158,429 carloads, an increase of 2,779 carloads, or 1.8%, compared with September 2013.

G&W’s traffic in the third quarter of 2014 was 519,900 carloads, an increase of 37,007 carloads, or 7.7%, compared with the third quarter of 2013. G&W’s same-railroad traffic in the third quarter of 2014 was 504,256 carloads, an increase of 21,433 carloads, or 4.4%, compared with the third quarter of 2013.

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

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 2,694 carloads of agricultural products traffic, 1,335 carloads of minerals & stone traffic, 857 carloads of chemicals & plastics traffic and 215 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 2,507 carloads, or 1.8%, primarily due to increased minerals & stone, metals and chemicals & plastics traffic, partially offset by decreased coal traffic and overhead Class 1 shipments.
• Australian traffic increased 272 carloads, or 1.5%, primarily due to increased agricultural products traffic.
• Minerals & stone traffic increased 3,059 carloads, or 16.1%, primarily due to increased shipments in G&W’s Ohio Valley and Central regions.
• Metals traffic increased 1,271 carloads, or 8.3%, primarily due to increased shipments in G&W’s Southern and Ohio Valley regions.
• Coal & coke traffic decreased 4,659 carloads, or 16.1%, primarily due to decreased steam coal shipments in G&W’s Midwest and Central regions primarily as a result of maintenance outages at multiple facilities.
• G&W’s Other commodity group traffic decreased 1,555 carloads, or 20.1%, primarily due to decreased overhead Class 1 shipments.
• All remaining traffic increased by a net 4,663 carloads.

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

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 8,982 carloads of agricultural products traffic, 3,838 carloads of minerals & stone traffic, 2,170 carloads of chemicals & plastics traffic and 654 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 23,928 carloads, or 5.7%, primarily due to increased minerals & stone, agricultural products and metals traffic, as well as increased overhead Class 1 shipments.
• Australian traffic decreased 2,495 carloads, or 4.2%, primarily due to decreased agricultural products and intermodal traffic.
• Minerals & stone traffic increased 8,991 carloads, or 15.5%, primarily due to increased shipments in G&W’s Ohio Valley, Central, Northeast and Midwest regions.
• G&W’s Other commodity group traffic increased 3,851 carloads, or 18.1%, primarily due to overhead Class 1 shipments.
• Metals traffic increased 2,580 carloads, or 5.5%, primarily due to increased shipments in G&W’s Ohio Valley, Mountain West and Southern regions.
• Intermodal traffic decreased 2,562 carloads, or 12.8%, primarily due to a 1,460 carload decrease in shipments primarily in G&W’s Australia and Canada regions. The remaining 1,102 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 third quarter of 2013 and has been reported based on the underlying commodity shipped since December 2013.
• All remaining traffic increased by a net 8,573 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 September 2014 and September 2013 by commodity group.

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 2,694 carloads of agricultural products traffic, 1,335 carloads of minerals & stone traffic, 857 carloads of chemicals & plastics traffic and 215 carloads from all other commodities.

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

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 8,982 carloads of agricultural products traffic, 3,838 carloads of minerals & stone traffic, 2,170 carloads of chemicals & plastics traffic and 654 carloads from all other commodities.

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

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