Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for February 2013.

Beginning in January 2013, G&W is reporting consolidated traffic volumes including carloads from RailAmerica Inc. (RA) railroads that were previously reported separately. To provide comparative context for 2013 consolidated traffic volumes, G&W is providing supplemental 2012 carload information on a pro forma basis as though the RA railroads were owned by G&W on January 1, 2012. In addition, G&W has amended RA's 2012 carload information to conform with G&W's reporting methodology.

G&W's traffic in February 2013 was 140,200 carloads, an increase of 67,955 carloads, or 94.1%, compared to G&W's traffic in February 2012, and an increase of 747 carloads, or 0.5%, compared to total February 2012 carloads pro forma for the RA acquisition. G&W's traffic in the first quarter of 2013 through February was 296,227 carloads, an increase of 151,095 carloads, or 104.1%, compared to G&W's traffic in the first quarter of 2012 through February, and an increase of 14,189 carloads, or 5.0%, compared to total first quarter of 2012 through February carloads pro forma for the RA acquisition.

The tables below set forth consolidated summary carload information for February 2013 and February 2012:

     

February 2012

  

% Change

Consolidated G&W

February

2013(1)

G&W   RA  

Pro

Forma(2)

G&W  

Pro

Forma(2)

Coal & Coke 23,815 9,672   12,397   22,069 146.2%   7.9%
Agricultural Products 19,264 10,914 10,494 21,408 76.5% -10.0%
Minerals & Stone 15,839 9,716 5,767 15,483 63.0% 2.3%
Metals 12,985 8,948 6,016 14,964 45.1% -13.2%
Chemicals & Plastics 12,568 5,555 7,037 12,592 126.2% -0.2%
Pulp & Paper 12,459 8,205 4,367 12,572 51.8% -0.9%
Lumber & Forest Products 10,231 5,111 4,467 9,578 100.2% 6.8%
Petroleum Products 8,729 2,218 4,169 6,387 293.6% 36.7%
Intermodal 5,170 4,685 - 4,685 10.4% 10.4%
Metallic Ores 4,627 2,332 934 3,266 98.4% 41.7%
Food or Kindred Products 4,238 807 3,939 4,746 425.2% -10.7%
Autos & Auto Parts 2,861 792 1,743 2,535 261.2% 12.9%
Waste 2,711 1,708 1,697 3,405 58.7% -20.4%
Other 4,703 1,582   4,181   5,763 197.3% -18.4%
Total carloads 140,200 72,245   67,208   139,453 94.1% 0.5%
Carloads from New Railroads(3) 2,759
Same-railroad carloads 137,441 72,245   67,208   139,453 90.2% -1.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

(3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

 

Excluding 2,759 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic decreased 2,012 carloads, or 1.4%, compared to February 2012. Agricultural products traffic decreased 2,251 carloads primarily due to decreased shipments in G&W's Canada region. Metals traffic decreased 2,054 carloads primarily due to decreased shipments in G&W's Southern, Rail Link and Ohio Valley regions. Petroleum products traffic increased 2,208 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W's Pacific, Mountain West and Canada regions. Coal & coke traffic increased 1,746 carloads primarily due to increased shipments in G&W's Midwest, Mountain West and Northeast Regions, partially offset by a decline in G&W's Central Region. All remaining traffic decreased by a net 1,661 carloads.

The tables below set forth consolidated summary carload information for the first quarter of 2013 through February and the first quarter of 2012 through February:

     

QTD Feb 2012

  

% Change

Consolidated G&W

QTD Feb

2013(1)

G&W   RA  

Pro

Forma(2)

G&W  

Pro

Forma(2)

Coal & Coke 51,182 22,808   24,739   47,547 124.4%   7.6%
Agricultural Products 40,712 20,033 22,057 42,090 103.2% -3.3%
Minerals & Stone 32,342 19,818 11,641 31,459 63.2% 2.8%
Pulp & Paper 27,489 16,572 9,244 25,816 65.9% 6.5%
Metals 27,381 17,869 12,234 30,103 53.2% -9.0%
Chemicals & Plastics 26,999 11,463 14,329 25,792 135.5% 4.7%
Lumber & Forest Products 21,500 10,394 8,438 18,832 106.9% 14.2%
Petroleum Products 18,594 4,291 8,610 12,901 333.3% 44.1%
Intermodal 10,533 8,213 - 8,213 28.2% 28.2%
Metallic Ores 9,704 4,063 1,904 5,967 138.8% 62.6%
Food or Kindred Products 8,711 1,578 8,007 9,585 452.0% -9.1%
Waste 5,947 3,573 3,501 7,074 66.4% -15.9%
Autos & Auto Parts 5,326 1,493 3,316 4,809 256.7% 10.8%
Other 9,807 2,964   8,886   11,850 230.9% -17.2%
Total carloads 296,227 145,132   136,906   282,038 104.1% 5.0%
Carloads from New Railroads(3) 6,069
Same-railroad carloads 290,158 145,132   136,906   282,038 99.9% 2.9%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

(3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

 

Excluding 6,069 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 8,120 carloads, or 2.9%, compared with the first quarter of 2012 through February. The traffic increase was principally due to increases of 5,364 carloads of petroleum products traffic (primarily crude oil and liquid propane gases in G&W's Pacific, Mountain West, Southern and Canada Regions), 3,737 carloads of metallic ores traffic (primarily G&W's Australia Region) and 3,635 carloads of coal & coke traffic (primarily G&W's Midwest Region), partially offset by a decrease of 2,905 carloads of metals traffic (primarily G&W's Canada and Southern Regions). All remaining traffic decreased by a net 1,711 carloads.

Carload Reporting for RailAmerica Inc. Traffic

February 2012 and the first quarter of 2012 through February carloads from RailAmerica Inc. railroads include eliminations of 2,382 and 4,421 carloads, respectively, compared to RailAmerica's historically reported figures to remove duplication of traffic that interchanges with another owned railroad. This elimination conforms with G&W's reporting policy. Also, starting in January 2013, G&W has re-allocated certain products within the reported commodity groups. The carload information included in this release presents both 2013 and 2012 on a consistent basis for these changes.

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 more than 15,000 miles of owned and leased track, 4,500 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 2013 and February 2012:

     

February 2012

  

% Change

North American Operations:

February

2013(1)

G&W   RA  

Pro

Forma(2)

G&W  

Pro

Forma(2)

Coal & Coke 23,815 9,672   12,397   22,069 146.2%   7.9%
Agricultural Products 14,060 5,302 10,494 15,796 165.2% -11.0%
Metals 12,985 8,948 6,016 14,964 45.1% -13.2%
Chemicals & Plastics 12,568 5,555 7,037 12,592 126.2% -0.2%
Pulp & Paper 12,459 8,205 4,367 12,572 51.8% -0.9%
Minerals & Stone 10,941 5,244 5,767 11,011 108.6% -0.6%
Lumber & Forest Products 10,231 5,111 4,467 9,578 100.2% 6.8%
Petroleum Products 8,708 2,171 4,169 6,340 301.1% 37.4%
Food or Kindred Products 4,238 807 3,939 4,746 425.2% -10.7%
Autos & Auto Parts 2,861 792 1,743 2,535 261.2% 12.9%
Waste 2,711 1,708 1,697 3,405 58.7% -20.4%
Metallic Ores 1,463 814 934 1,748 79.7% -16.3%
Intermodal 684 238 - 238 187.4% 187.4%
Other 4,703 1,582   4,181   5,763 197.3% -18.4%
Total carloads 122,427 56,149   67,208   123,357 118.0% -0.8%
Carloads from New Railroads(3) 2,759
Same-railroad carloads 119,668 56,149   67,208   123,357 113.1% -3.0%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

(3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

 

The table below sets forth North American carloading information for the first quarter of 2013 through February and the first quarter of 2012 through February:

     

QTD Feb 2012

  

% Change

North American Operations:

QTD Feb

2013(1)

G&W   RA  

Pro

Forma(2)

G&W  

Pro

Forma(2)

Coal & Coke 51,182 22,808   24,739   47,547 124.4%   7.6%
Agricultural Products 31,062 9,505 22,057 31,562 226.8% -1.6%
Pulp & Paper 27,489 16,572 9,244 25,816 65.9% 6.5%
Metals 27,381 17,869 12,234 30,103 53.2% -9.0%
Chemicals & Plastics 26,999 11,463 14,329 25,792 135.5% 4.7%
Minerals & Stone 22,513 10,321 11,641 21,962 118.1% 2.5%
Lumber & Forest Products 21,500 10,394 8,438 18,832 106.9% 14.2%
Petroleum Products 18,553 4,207 8,610 12,817 341.0% 44.8%
Food or Kindred Products 8,711 1,578 8,007 9,585 452.0% -9.1%
Waste 5,947 3,573 3,501 7,074 66.4% -15.9%
Autos & Auto Parts 5,326 1,493 3,316 4,809 256.7% 10.8%
Metallic Ores 3,210 1,734 1,904 3,638 85.1% -11.8%
Intermodal 1,180 408 - 408 189.2% 189.2%
Other 9,807 2,964   8,886   11,850 230.9% -17.2%
Total carloads 260,860 114,889   136,906   251,795 127.1% 3.6%
Carloads from New Railroads(3) 6,069
Same-railroad carloads 254,791 114,889   136,906   251,795 121.8% 1.2%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

(3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

 

The table below sets forth Australian carloading information for February 2013 and February 2012:

Australian Operations:            

February

2013

      

February

2012

      

%

Change

Agricultural Products 5,204 5,612       -7.3%
Minerals & Stone 4,898 4,472 9.5%
Intermodal 4,486 4,447 0.9%
Metallic Ores 3,164 1,518 108.4%
Petroleum Products 21 47 -55.3%
Total carloads 17,773 16,096 10.4%
 

The table below sets forth Australian carloading information for the first quarter of 2013 through February and the first quarter of 2012 through February:

Australian Operations:              

QTD Feb

2013

      

QTD Feb

2012

      

%

Change

Minerals & Stone 9,829 9,497       3.5%
Agricultural Products 9,650 10,528 -8.3%
Intermodal 9,353 7,805 19.8%
Metallic Ores 6,494 2,329 178.8%
Petroleum Products 41 84 -51.2%
Total carloads 35,367 30,243 16.9%

Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-629-3722
Vice President ? Corporate Development & Treasurer
Web Site: http://www.gwrr.com