Genesee & Wyoming Inc.

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Genesee & Wyoming Reports Traffic for August 2013

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for August 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 August 2013 was 162,101 carloads, an increase of 79,415 carloads, or 96.0%, compared to G&W’s traffic in August 2012, and an increase of 6,355 carloads, or 4.1%, compared to total August 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the third quarter of 2013 through August was 327,173 carloads, an increase of 163,629 carloads, or 100.1%, compared to G&W’s traffic in the third quarter of 2012 through August, and an increase 19,755 carloads, or 6.4%, compared to total third quarter of 2012 through August carloads pro forma for the RA acquisition.

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

                                   

August 2012

% Change

Consolidated G&W

August
2013(1)

G&W         RA         Pro Forma(2) G&W         Pro Forma(2)
Coal & Coke 27,090 17,805         11,166         28,971 52.1%         -6.5%
Minerals & Stone 19,368 11,197 8,353 19,550 73.0% -0.9%
Agricultural Products 17,782 6,864 9,586 16,450 159.1% 8.1%
Metals 15,320 8,135 6,871 15,006 88.3% 2.1%
Pulp & Paper 15,016 9,353 5,201 14,554 60.5% 3.2%
Chemicals & Plastics 14,037 5,977 7,820 13,797 134.9% 1.7%
Lumber & Forest Products 11,328 6,369 4,961 11,330 77.9% 0.0%
Petroleum Products 9,375 2,243 4,905 7,148 318.0% 31.2%
Intermodal 7,057 5,633 - 5,633 25.3% 25.3%
Metallic Ores 6,451 3,526 845 4,371 83.0% 47.6%
Food or Kindred Products 4,517 1,066 4,130 5,196 323.7% -13.1%
Waste 4,019 2,015 1,826 3,841 99.5% 4.6%
Autos & Auto Parts 3,277 1,025 1,462 2,487 219.7% 31.8%
Other 7,464 1,478         5,934         7,412 405.0% 0.7%
Total carloads 162,101 82,686         73,060         155,746 96.0% 4.1%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Petroleum products traffic increased 2,227 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific, Southern and Canada regions. Metallic ores traffic increased 2,080 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Coal & coke traffic decreased 1,881 carloads primarily due to decreased shipments in G&W’s Central and Mountain West regions. All remaining traffic increased by a net 3,929 carloads.

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

                                   

QTD Aug 2012

% Change

Consolidated G&W

QTD Aug
2013(1)

G&W         RA        

Pro
Forma(2)

G&W         Pro Forma(2)
Coal & Coke 55,785 34,888         23,865         58,753 59.9%         -5.1%
Agricultural Products 39,269 15,108 20,615 35,723 159.9% 9.9%
Minerals & Stone 39,111 21,856 15,824 37,680 78.9% 3.8%
Metals 31,294 14,402 12,668 27,070 117.3% 15.6%
Pulp & Paper 30,101 18,837 10,005 28,842 59.8% 4.4%
Chemicals & Plastics 28,284 11,772 15,300 27,072 140.3% 4.5%
Lumber & Forest Products 22,255 12,401 9,231 21,632 79.5% 2.9%
Petroleum Products 17,676 4,418 9,676 14,094 300.1% 25.4%
Intermodal 13,706 11,567 - 11,567 18.5% 18.5%
Metallic Ores 13,351 7,742 1,672 9,414 72.4% 41.8%
Food or Kindred Products 8,885 1,990 7,909 9,899 346.5% -10.2%
Waste 8,043 3,954 3,801 7,755 103.4% 3.7%
Autos & Auto Parts 5,925 1,670 3,210 4,880 254.8% 21.4%
Other 13,488 2,939         10,098         13,037 358.9% 3.5%
Total carloads 327,173 163,544         143,874         307,418 100.1% 6.4%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

Metals traffic increased 4,224 carloads primarily due to increased shipments in G&W’s Southern and Northeast regions. Metallic ores traffic increased 3,937 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Petroleum products traffic increased 3,582 carloads primarily due to increased shipments of crude oil and liquid petroleum gases in G&W’s Pacific and Southern regions. Agricultural products traffic increased 3,546 carloads primarily due to increased grain shipments in G&W’s Australia Region. Coal & coke traffic decreased 2,968 carloads primarily due to decreased shipments in G&W’s Mountain West and Central regions, offset by increased shipments in G&W’s Midwest Region. All remaining traffic increased by a net 7,434 carloads.

Carload Reporting for RailAmerica Inc. Traffic

August 2012 and the third quarter of 2012 through August carloads from RailAmerica Inc. railroads include eliminations of 1,753 and 3,372 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 more than 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 August 2013 and August 2012:

                           

August 2012

% Change

North American Operations:

August
2013(1)

G&W         RA         Pro Forma(2) G&W         Pro Forma(2)
Coal & Coke 27,090 17,805         11,166         28,971 52.1%         -6.5%
Metals 15,320 8,135 6,871 15,006 88.3% 2.1%
Pulp & Paper 15,016 9,353 5,201 14,554 60.5% 3.2%
Minerals & Stone 14,685 6,358 8,353 14,711 131.0% -0.2%
Chemicals & Plastics 14,037 5,977 7,820 13,797 134.9% 1.7%
Agricultural Products 12,615 3,670 9,586 13,256 243.7% -4.8%
Lumber & Forest Products 11,328 6,369 4,961 11,330 77.9% 0.0%
Petroleum Products 9,347 2,215 4,905 7,120 322.0% 31.3%
Food or Kindred Products 4,517 1,066 4,130 5,196 323.7% -13.1%
Waste 4,019 2,015 1,826 3,841 99.5% 4.6%
Autos & Auto Parts 3,277 1,025 1,462 2,487 219.7% 31.8%
Metallic Ores 1,703 1,109 845 1,954 53.6% -12.8%
Intermodal 1,151 307 - 307 274.9% 274.9%
Other 7,464 1,478         5,934         7,412 405.0% 0.7%
Total carloads 141,569 66,882         73,060         139,942 111.7% 1.2%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

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

                           

QTD Aug 2012

% Change

North American Operations:

QTD Aug
2013(1)

G&W         RA        

Pro
Forma(2)

G&W         Pro Forma(2)
Coal & Coke 55,785 34,888         23,865         58,753 59.9%         -5.1%
Metals 31,294 14,402 12,668 27,070 117.3% 15.6%
Pulp & Paper 30,101 18,837 10,005 28,842 59.8% 4.4%
Minerals & Stone 29,675 12,061 15,824 27,885 146.0% 6.4%
Chemicals & Plastics 28,284 11,772 15,300 27,072 140.3% 4.5%
Agricultural Products 28,263 7,190 20,615 27,805 293.1% 1.6%
Lumber & Forest Products 22,255 12,401 9,231 21,632 79.5% 2.9%
Petroleum Products 17,617 4,350 9,676 14,026 305.0% 25.6%
Food or Kindred Products 8,885 1,990 7,909 9,899 346.5% -10.2%
Waste 8,043 3,954 3,801 7,755 103.4% 3.7%
Autos & Auto Parts 5,925 1,670 3,210 4,880 254.8% 21.4%
Metallic Ores 3,350 2,093 1,672 3,765 60.1% -11.0%
Intermodal 1,966 735 - 735 167.5% 167.5%
Other 13,488 2,939         10,098         13,037 358.9% 3.5%
Total carloads 284,931 129,282         143,874         273,156 120.4% 4.3%
(1) Total carloads from G&W and RA
(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012
 

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

                           
Australian Operations:

August
2013

August
2012

       

%
Change

Intermodal 5,906 5,326 10.9%
Agricultural Products 5,167 3,194 61.8%
Metallic Ores 4,748 2,417 96.4%
Minerals & Stone 4,683 4,839 -3.2%
Petroleum Products 28 28 0.0%
Total carloads 20,532 15,804 29.9%
 

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

                           

Australian Operations:

QTD Aug
2013

QTD
Aug
2012

       

%
Change

Intermodal 11,740 10,832 8.4%
Agricultural Products 11,006 7,918 39.0%
Metallic Ores 10,001 5,649 77.0%
Minerals & Stone 9,436 9,795 -3.7%
Petroleum Products 59 68 -13.2%
Total carloads 42,242 34,262 23.3%

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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