Genesee & Wyoming Inc.

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Genesee & Wyoming Reports Traffic for May 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for May 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 May 2013 was 167,527 carloads, an increase of 88,991 carloads, or 113.3%, compared to G&W’s traffic in May 2012, and an increase of 15,166 carloads, or 10.0%, compared to total May 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the second quarter of 2013 through May was 325,222 carloads, an increase of 169,060 carloads, or 108.3%, compared to G&W’s traffic in the second quarter of 2012 through May, and an increase of 25,914 carloads, or 8.7%, compared to total second quarter of 2012 through May carloads pro forma for the RA acquisition.

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

         

May 2012

% Change

Consolidated G&W

May

2013(1)

G&W RA Pro Forma(2) G&W Pro Forma(2)
Coal & Coke 28,079 11,298 11,069 22,367 148.5% 25.5%
Agricultural Products 21,865 9,288 13,004 22,292 135.4% -1.9%
Minerals & Stone 21,127 12,417 8,736 21,153 70.1% -0.1%
Metals 15,605 8,717 6,553 15,270 79.0% 2.2%
Chemicals & Plastics 14,700 5,725 7,662 13,387 156.8% 9.8%
Pulp & Paper 13,595 8,154 5,041 13,195 66.7% 3.0%
Lumber & Forest Products 11,682 5,852 5,166 11,018 99.6% 6.0%
Petroleum Products 9,746 1,949 3,552 5,501 400.1% 77.2%
Metallic Ores 6,306 4,121 823 4,944 53.0% 27.5%
Intermodal 6,157 6,150 - 6,150 0.1% 0.1%
Food or Kindred Products 4,545 910 4,141 5,051 399.5% -10.0%
Waste 3,961 1,763 1,819 3,582 124.7% 10.6%
Autos & Auto Parts 3,620 806 1,888 2,694 349.1% 34.4%
Other 6,539 1,386 4,371 5,757 371.8% 13.6%
Total carloads 167,527 78,536 73,825 152,361 113.3% 10.0%
Carloads from New Railroads(3) 1,380
Same-railroad carloads 166,147 78,536 73,825 152,361 111.6% 9.0%
(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 the Columbus & Chattahoochee Railroad, Inc. which started operations on July 1, 2012
 

Excluding 1,380 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 13,786 carloads, or 9.0%, compared to May 2012. Coal & coke traffic increased 5,712 carloads primarily due to increased shipments in G&W’s Midwest, Northeast and Central regions. Petroleum products traffic increased 4,153 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W’s Pacific, Canada, Southern and Mountain West regions. All remaining traffic increased by a net 3,921 carloads.

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

         

QTD May 2012

% Change

Consolidated G&W

QTD May

2013(1)

G&W RA

Pro

Forma(2)

G&W Pro Forma(2)
Coal & Coke 52,105 24,940 22,301 47,241 108.9% 10.3%
Agricultural Products 41,821 18,986 25,003 43,989 120.3% -4.9%
Minerals & Stone 41,307 24,254 16,357 40,611 70.3% 1.7%
Metals 30,444 17,054 13,038 30,092 78.5% 1.2%
Chemicals & Plastics 29,308 11,448 14,840 26,288 156.0% 11.5%
Pulp & Paper 27,463 15,648 9,659 25,307 75.5% 8.5%
Lumber & Forest Products 23,725 11,618 9,633 21,251 104.2% 11.6%
Petroleum Products 19,492 4,030 7,208 11,238 383.7% 73.4%
Metallic Ores 11,848 7,638 1,585 9,223 55.1% 28.5%
Intermodal 11,575 10,892 - 10,892 6.3% 6.3%
Food or Kindred Products 9,220 1,702 7,767 9,469 441.7% -2.6%
Waste 7,460 3,401 3,869 7,270 119.3% 2.6%
Autos & Auto Parts 6,677 1,658 3,680 5,338 302.7% 25.1%
Other 12,777 2,893 8,206 11,099 341.7% 15.1%
Total carloads 325,222 156,162 143,146 299,308 108.3% 8.7%
Carloads from New Railroads(3) 3,907
Same-railroad carloads 321,315 156,162 143,146 299,308 105.8% 7.4%
(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
Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.
 

Excluding 1,274 carloads of traffic in April 2013 from Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and 2,633 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 22,007 carloads, or 7.4%, compared with the second quarter of 2012 through May. The traffic increase was principally due to increases of 8,083 carloads of petroleum products traffic (primarily crude oil and liquid propane gases in G&W’s Pacific, Canada, Southern and Mountain West regions), 4,864 carloads of coal & coke traffic (primarily G&W’s Midwest, Central, Northeast and Mountain West regions, offset by lower shipments in G&W’s Ohio Valley region) and 2,625 carloads of metallic ores traffic (primarily G&W’s Australia Region). All remaining traffic increased by a net 6,435 carloads.

Carload Reporting for RailAmerica Inc. Traffic

May 2012 and the second quarter of 2012 through May carloads from RailAmerica Inc. railroads include eliminations of 1,559 and 3,800 carloads 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 nearly 15,000 miles of owned and leased track, 4,600 employees and over 2,000 customers. We provide rail service at 36 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 May 2013 and May 2012:

         

May 2012

% Change

North American Operations:

May

2013(1)

G&W RA Pro Forma(2) G&W Pro Forma(2)
Coal & Coke 28,079 11,298 11,069 22,367 148.5% 25.5%
Minerals & Stone 15,630 6,959 8,736 15,695 124.6% -0.4%
Metals 15,605 8,717 6,553 15,270 79.0% 2.2%
Agricultural Products 15,371 3,241 13,004 16,245 374.3% -5.4%
Chemicals & Plastics 14,700 5,725 7,662 13,387 156.8% 9.8%
Pulp & Paper 13,595 8,154 5,041 13,195 66.7% 3.0%
Lumber & Forest Products 11,682 5,852 5,166 11,018 99.6% 6.0%
Petroleum Products 9,720 1,905 3,552 5,457 410.2% 78.1%
Food or Kindred Products 4,545 910 4,141 5,051 399.5% -10.0%
Waste 3,961 1,763 1,819 3,582 124.7% 10.6%
Autos & Auto Parts 3,620 806 1,888 2,694 349.1% 34.4%
Metallic Ores 1,733 997 823 1,820 73.8% -4.8%
Intermodal 555 780 - 780 -28.8% -28.8%
Other 6,539 1,386 4,371 5,757 371.8% 13.6%
Total carloads 145,335 58,493 73,825 132,318 148.5% 9.8%
Carloads from New Railroads(3) 1,380
Same-railroad carloads 143,955 58,493 73,825 132,318 146.1% 8.8%
(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 the Columbus & Chattahoochee Railroad, Inc. which started operations on July 1, 2012
 

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

         

QTD May 2012

% Change

North American Operations:

QTD May

2013(1)

G&W RA

Pro

Forma(2)

G&W Pro Forma(2)
Coal & Coke 52,105 24,940 22,301 47,241 108.9% 10.3%
Metals 30,444 17,054 13,038 30,092 78.5% 1.2%
Minerals & Stone 30,405 13,458 16,357 29,815 125.9% 2.0%
Chemicals & Plastics 29,308 11,448 14,840 26,288 156.0% 11.5%
Agricultural Products 29,045 7,202 25,003 32,205 303.3% -9.8%
Pulp & Paper 27,463 15,648 9,659 25,307 75.5% 8.5%
Lumber & Forest Products 23,725 11,618 9,633 21,251 104.2% 11.6%
Petroleum Products 19,444 3,956 7,208 11,164 391.5% 74.2%
Food or Kindred Products 9,220 1,702 7,767 9,469 441.7% -2.6%
Waste 7,460 3,401 3,869 7,270 119.3% 2.6%
Autos & Auto Parts 6,677 1,658 3,680 5,338 302.7% 25.1%
Metallic Ores 3,448 1,930 1,585 3,515 78.7% -1.9%
Intermodal 900 1,094 - 1,094 -17.7% -17.7%
Other 12,777 2,893 8,206 11,099 341.7% 15.1%
Total carloads 282,421 118,002 143,146 261,148 139.3% 8.1%
Carloads from New Railroads(3) 3,907
Same-railroad carloads 278,514 118,002 143,146 261,148 136.0% 6.6%
(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
Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.
 

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

                       
Australian Operations:

May

2013

May

2012

     

%

Change

Agricultural Products 6,494 6,047 7.4%
Intermodal 5,602 5,370 4.3%
Minerals & Stone 5,497 5,458 0.7%
Metallic Ores 4,573 3,124 46.4%
Petroleum Products 26 44 -40.9%
Total carloads 22,192 20,043 10.7%
 

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

                       
Australian Operations:

QTD

May

2013

QTD

May

2012

     

%

Change

Agricultural Products 12,776 11,784 8.4%
Minerals & Stone 10,902 10,796 1.0%
Intermodal 10,675 9,798 9.0%
Metallic Ores 8,400 5,708 47.2%
Petroleum Products 48 74 -35.1%
Total carloads 42,801 38,160 12.2%
 

Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-202-8900
Vice President – Corporate Development & Treasurer
Web Site: http://www.gwrr.com

Source: Genesee & Wyoming Inc.

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