Genesee & Wyoming Inc.

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Genesee & Wyoming Reports Traffic for June 2013 and the Second Quarter of 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for June 2013 and the second quarter of 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 June 2013 was 155,757 carloads, an increase of 79,604 carloads, or 104.5%, compared to G&W’s traffic in June 2012, and an increase of 8,382 carloads, or 5.7%, compared to total June 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the second quarter of 2013 was 480,979 carloads, an increase of 248,664 carloads, or 107.0%, compared to G&W’s traffic in the second quarter of 2012, and an increase of 34,296 carloads, or 7.7%, compared to total second quarter of 2012 carloads pro forma for the RA acquisition.

The table below sets forth consolidated summary carload information for June 2013 and June 2012:

             

June 2012

       

 

% Change

   
Consolidated G&W

June

2013(1)

G&W         RA        

Pro Forma(2)

G&W         Pro Forma(2)
Coal & Coke 28,240 14,746         10,526         25,272 91.5%         11.7%
Agricultural Products 19,666 7,596 12,234 19,830 158.9% -0.8%
Minerals & Stone 19,412 11,284 8,203 19,487 72.0% -0.4%
Metals 14,371 6,869 5,779 12,648 109.2% 13.6%
Pulp & Paper 13,909 7,892 5,184 13,076 76.2% 6.4%
Chemicals & Plastics 13,023 5,750 7,344 13,094 126.5% -0.5%
Lumber & Forest Products 10,781 6,081 4,620 10,701 77.3% 0.7%
Petroleum Products 8,798 2,052 4,286 6,338 328.8% 38.8%
Intermodal 6,255 5,818 - 5,818 7.5% 7.5%
Metallic Ores 5,531 3,510 845 4,355 57.6% 27.0%
Food or Kindred Products 3,878 862 3,597 4,459 349.9% -13.0%
Waste 3,644 1,567 1,682 3,249 132.5% 12.2%
Autos & Auto Parts 3,341 888 1,797 2,685 276.2% 24.4%
Other 4,908 1,238         5,125         6,363 296.4% -22.9%
Total carloads 155,757 76,153         71,222         147,375 104.5% 5.7%
Carloads from New Railroads(3) 1,384
Same-railroad carloads 154,373 76,153         71,222         147,375 102.7% 4.7%
 
(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 1,384 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 6,998 carloads, or 4.7%, compared to June 2012. Coal & coke traffic increased 2,968 carloads primarily due to increased shipments in G&W’s Midwest and Central regions. Petroleum products traffic increased 2,372 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Southern and Mountain West regions. Metals traffic increased 1,656 carloads primarily due to increased shipments in G&W’s Southern and Ohio Valley regions. All remaining traffic increased by a net 2 carloads.

The table below sets forth consolidated summary carload information for the second quarter of 2013 and the second quarter of 2012:

             

2nd Qtr 2012

         

% Change

   
Consolidated G&W

2nd Qtr

2013(1)

G&W         RA        

Pro

Forma(2)

G&W         Pro Forma(2)
Coal & Coke 80,345 39,686         32,827         72,513 102.5%         10.8%
Agricultural Products 61,487 26,582 37,237 63,819 131.3% -3.7%
Minerals & Stone 60,719 35,538 24,560 60,098 70.9% 1.0%
Metals 44,815 23,923 18,817 42,740 87.3% 4.9%
Chemicals & Plastics 42,331 17,198 22,184 39,382 146.1% 7.5%
Pulp & Paper 41,372 23,540 14,843 38,383 75.8% 7.8%
Lumber & Forest Products 34,506 17,699 14,253 31,952 95.0% 8.0%
Petroleum Products 28,290 6,082 11,494 17,576 365.1% 61.0%
Intermodal 17,830 16,710 - 16,710 6.7% 6.7%
Metallic Ores 17,379 11,148 2,430 13,578 55.9% 28.0%
Food or Kindred Products 13,098 2,564 11,364 13,928 410.8% -6.0%
Waste 11,104 4,968 5,551 10,519 123.5% 5.6%
Autos & Auto Parts 10,018 2,546 5,477 8,023 293.5% 24.9%
Other 17,685 4,131         13,331         17,462 328.1% 1.3%
Total carloads 480,979 232,315         214,368         446,683 107.0% 7.7%
Carloads from New Railroads(3) 5,291
Same-railroad carloads 475,688 232,315         214,368         446,683 104.8% 6.5%
 
(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 from Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and 4,017 carloads from the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 29,005 carloads, or 6.5%, compared with the second quarter of 2012. The traffic increase was principally due to increases of 10,455 carloads of petroleum products traffic (primarily crude oil and liquid petroleum gases in G&W’s Pacific, Southern, Mountain West and Canada regions), 7,832 carloads of coal & coke traffic (primarily G&W’s Midwest, Central and Northeast regions, offset by lower shipments in G&W’s Ohio Valley region) and 3,801 carloads of metallic ores traffic (primarily G&W’s Australia Region). All remaining traffic increased by a net 6,917 carloads.

Carload Reporting for RailAmerica Inc. Traffic

June 2012 and the second quarter of 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,598 and 5,398 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 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 June 2013 and June 2012:

               

June 2012

             

% Change

   
North American Operations:

June

2013(1)

G&W         RA         Pro Forma(2) G&W         Pro Forma(2)
Coal & Coke 28,240 14,746         10,526         25,272 91.5%         11.7%
Metals 14,371 6,869 5,779 12,648 109.2% 13.6%
Pulp & Paper 13,909 7,892 5,184 13,076 76.2% 6.4%
Minerals & Stone 13,871 6,121 8,203 14,324 126.6% -3.2%
Agricultural Products 13,720 3,072 12,234 15,306 346.6% -10.4%
Chemicals & Plastics 13,023 5,750 7,344 13,094 126.5% -0.5%
Lumber & Forest Products 10,781 6,081 4,620 10,701 77.3% 0.7%
Petroleum Products 8,767 2,026 4,286 6,312 332.7% 38.9%
Food or Kindred Products 3,878 862 3,597 4,459 349.9% -13.0%
Waste 3,644 1,567 1,682 3,249 132.5% 12.2%
Autos & Auto Parts 3,341 888 1,797 2,685 276.2% 24.4%
Metallic Ores 1,596 953 845 1,798 67.5% -11.2%
Intermodal 636 530 - 530 20.0% 20.0%
Other 4,908 1,238         5,125         6,363 296.4% -22.9%
Total carloads 134,685 58,595         71,222         129,817 129.9% 3.7%
Carloads from New Railroads(3) 1,384
Same-railroad carloads 133,301 58,595         71,222         129,817 127.5% 2.7%
 
(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 and the second quarter of 2012:

             

2nd Qtr 2012

       

% Change

   
North American Operations:

2nd Qtr

2013(1)

G&W         RA        

Pro

Forma(2)

G&W         Pro Forma(2)
Coal & Coke 80,345 39,686         32,827         72,513 102.5%         10.8%
Metals 44,815 23,923 18,817 42,740 87.3% 4.9%
Minerals & Stone 44,276 19,579 24,560 44,139 126.1% 0.3%
Agricultural Products 42,765 10,274 37,237 47,511 316.2% -10.0%
Chemicals & Plastics 42,331 17,198 22,184 39,382 146.1% 7.5%
Pulp & Paper 41,372 23,540 14,843 38,383 75.8% 7.8%
Lumber & Forest Products 34,506 17,699 14,253 31,952 95.0% 8.0%
Petroleum Products 28,211 5,982 11,494 17,476 371.6% 61.4%
Food or Kindred Products 13,098 2,564 11,364 13,928 410.8% -6.0%
Waste 11,104 4,968 5,551 10,519 123.5% 5.6%
Autos & Auto Parts 10,018 2,546 5,477 8,023 293.5% 24.9%
Metallic Ores 5,044 2,883 2,430 5,313 75.0% -5.1%
Intermodal 1,536 1,624 - 1,624 -5.4% -5.4%
Other 17,685 4,131         13,331         17,462 328.1% 1.3%
Total carloads 417,106 176,597         214,368         390,965 136.2% 6.7%
Carloads from New Railroads(3) 5,291
Same-railroad carloads 411,815 176,597         214,368         390,965 133.2% 5.3%
 
(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 June 2013 and June 2012:

Australian Operations:        

June

2013

       

June

2012

       

%

Change

Agricultural Products 5,946 4,524 31.4%
Intermodal 5,619 5,288 6.3%
Minerals & Stone 5,541 5,163 7.3%
Metallic Ores 3,935 2,557 53.9%
Petroleum Products 31 26 19.2%
Total carloads 21,072 17,558 20.0%
 

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

Australian Operations:      

2nd Qtr

2013

       

2nd Qtr

2012

       

%

Change

   
Agricultural Products 18,722 16,308 14.8%
Minerals & Stone 16,443 15,959 3.0%
Intermodal 16,294 15,086 8.0%
Metallic Ores 12,335 8,265 49.2%
Petroleum Products 79 100 -21.0%
Total carloads 63,873 55,718 14.6%
 

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

Source: Genesee & Wyoming Inc.

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