Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes
for September 2013 and the third 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 September 2013 was 155,650 carloads, an increase of
76,411 carloads, or 96.4%, compared to G&W’s traffic in September 2012,
and an increase of 10,875 carloads, or 7.5%, compared to total September
2012 carloads pro forma for the RA acquisition. G&W’s traffic in the
third quarter of 2013 was 482,823 carloads, an increase of 240,040
carloads, or 98.9%, compared to G&W’s traffic in the third quarter of
2012, and an increase 30,630 carloads, or 6.8%, compared to total third
quarter of 2012 carloads pro forma for the RA acquisition.
The table below sets forth consolidated summary carload information for
September 2013 and September 2012:
|
|
|
|
|
|
|
|
September 2012
|
|
|
% Change
|
|
|
|
|
|
September
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated G&W
|
|
|
|
|
2013(1)
|
|
|
G&W
|
|
RA
|
|
Pro Forma(2) |
|
|
G&W
|
|
Pro Forma(2) |
Coal & Coke
|
|
|
|
|
28,850
|
|
|
|
18,090
|
|
|
11,739
|
|
29,829
|
|
|
59.5%
|
|
-3.3%
|
Minerals & Stone
|
|
|
|
|
19,021
|
|
|
|
10,987
|
|
|
6,836
|
|
17,823
|
|
|
73.1%
|
|
6.7%
|
Metals
|
|
|
|
|
15,268
|
|
|
|
7,675
|
|
|
5,873
|
|
13,548
|
|
|
98.9%
|
|
12.7%
|
Agricultural Products
|
|
|
|
|
14,816
|
|
|
|
5,183
|
|
|
9,534
|
|
14,717
|
|
|
185.9%
|
|
0.7%
|
Pulp & Paper
|
|
|
|
|
14,529
|
|
|
|
8,376
|
|
|
4,642
|
|
13,018
|
|
|
73.5%
|
|
11.6%
|
Chemicals & Plastics
|
|
|
|
|
12,512
|
|
|
|
5,342
|
|
|
7,036
|
|
12,378
|
|
|
134.2%
|
|
1.1%
|
Lumber & Forest Products
|
|
|
|
|
10,888
|
|
|
|
6,195
|
|
|
4,263
|
|
10,458
|
|
|
75.8%
|
|
4.1%
|
Petroleum Products
|
|
|
|
|
7,969
|
|
|
|
2,286
|
|
|
4,440
|
|
6,726
|
|
|
248.6%
|
|
18.5%
|
Intermodal
|
|
|
|
|
6,307
|
|
|
|
6,187
|
|
|
-
|
|
6,187
|
|
|
1.9%
|
|
1.9%
|
Metallic Ores
|
|
|
|
|
6,061
|
|
|
|
3,965
|
|
|
730
|
|
4,695
|
|
|
52.9%
|
|
29.1%
|
Food or Kindred Products
|
|
|
|
|
4,591
|
|
|
|
1,017
|
|
|
3,479
|
|
4,496
|
|
|
351.4%
|
|
2.1%
|
Waste
|
|
|
|
|
4,005
|
|
|
|
1,658
|
|
|
1,574
|
|
3,232
|
|
|
141.6%
|
|
23.9%
|
Autos & Auto Parts
|
|
|
|
|
3,099
|
|
|
|
904
|
|
|
1,816
|
|
2,720
|
|
|
242.8%
|
|
13.9%
|
Other
|
|
|
|
|
7,734
|
|
|
|
1,374
|
|
|
3,574
|
|
4,948
|
|
|
462.9%
|
|
56.3%
|
Total carloads
|
|
|
|
|
155,650
|
|
|
|
79,239
|
|
|
65,536
|
|
144,775
|
|
|
96.4%
|
|
7.5%
|
(1) Total carloads from G&W and RA
|
(2) Pro forma as though G&W had acquired RailAmerica on January 1,
2012
|
|
Traffic from G&W’s Other commodity group increased 2,786 carloads
primarily due to detoured Class I trains in G&W’s Central Region. Metals
traffic increased 1,720 carloads primarily due to increased shipments in
G&W’s Northeast and Southern regions. Pulp & paper traffic increased
1,511 carloads due to increased shipments across all G&W regions.
Metallic ores traffic increased 1,366 carloads due to increased iron ore
shipments in G&W’s Australia Region. All remaining traffic increased by
a net 3,492 carloads.
The table below sets forth consolidated summary carload information for
the third quarter of 2013 and the third quarter of 2012:
|
|
|
|
|
|
|
|
3rd Qtr 2012
|
|
|
% Change
|
|
|
|
|
|
3rd Qtr
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated G&W
|
|
|
|
|
2013(1)
|
|
|
G&W
|
|
RA
|
|
Pro Forma(2) |
|
|
G&W
|
|
Pro Forma(2) |
Coal & Coke
|
|
|
|
|
84,635
|
|
|
|
52,978
|
|
|
35,604
|
|
88,582
|
|
|
59.8%
|
|
-4.5%
|
Minerals & Stone
|
|
|
|
|
58,132
|
|
|
|
32,843
|
|
|
22,660
|
|
55,503
|
|
|
77.0%
|
|
4.7%
|
Agricultural Products
|
|
|
|
|
54,085
|
|
|
|
20,291
|
|
|
30,149
|
|
50,440
|
|
|
166.5%
|
|
7.2%
|
Metals
|
|
|
|
|
46,562
|
|
|
|
22,077
|
|
|
18,541
|
|
40,618
|
|
|
110.9%
|
|
14.6%
|
Pulp & Paper
|
|
|
|
|
44,630
|
|
|
|
27,213
|
|
|
14,647
|
|
41,860
|
|
|
64.0%
|
|
6.6%
|
Chemicals & Plastics
|
|
|
|
|
40,796
|
|
|
|
17,114
|
|
|
22,336
|
|
39,450
|
|
|
138.4%
|
|
3.4%
|
Lumber & Forest Products
|
|
|
|
|
33,143
|
|
|
|
18,596
|
|
|
13,494
|
|
32,090
|
|
|
78.2%
|
|
3.3%
|
Petroleum Products
|
|
|
|
|
25,645
|
|
|
|
6,704
|
|
|
14,116
|
|
20,820
|
|
|
282.5%
|
|
23.2%
|
Intermodal
|
|
|
|
|
20,013
|
|
|
|
17,754
|
|
|
-
|
|
17,754
|
|
|
12.7%
|
|
12.7%
|
Metallic Ores
|
|
|
|
|
19,412
|
|
|
|
11,707
|
|
|
2,402
|
|
14,109
|
|
|
65.8%
|
|
37.6%
|
Food or Kindred Products
|
|
|
|
|
13,476
|
|
|
|
3,007
|
|
|
11,388
|
|
14,395
|
|
|
348.2%
|
|
-6.4%
|
Waste
|
|
|
|
|
12,048
|
|
|
|
5,612
|
|
|
5,375
|
|
10,987
|
|
|
114.7%
|
|
9.7%
|
Autos & Auto Parts
|
|
|
|
|
9,024
|
|
|
|
2,574
|
|
|
5,026
|
|
7,600
|
|
|
250.6%
|
|
18.7%
|
Other
|
|
|
|
|
21,222
|
|
|
|
4,313
|
|
|
13,672
|
|
17,985
|
|
|
392.0%
|
|
18.0%
|
Total carloads
|
|
|
|
|
482,823
|
|
|
|
242,783
|
|
|
209,410
|
|
452,193
|
|
|
98.9%
|
|
6.8%
|
(1) Total carloads from G&W and RA
|
(2) Pro forma as though G&W had acquired RailAmerica on January 1,
2012
|
|
Metals traffic increased 5,944 carloads primarily due to increased
shipments in G&W’s Southern and Northeast regions. Metallic ores traffic
increased 5,303 carloads primarily due to increased iron ore shipments
in G&W’s Australia Region. Petroleum products traffic increased 4,825
carloads primarily due to increased shipments of crude oil and liquid
petroleum gases in G&W’s Pacific, Southern and Canada regions.
Agricultural products traffic increased 3,645 carloads primarily due to
increased shipments in G&W’s Australia and Southern regions, partially
offset by decreased shipments in G&W’s Pacific Region. Coal & coke
traffic decreased 3,947 carloads primarily due to decreased shipments in
G&W’s Mountain West and Central regions, partially offset by increased
shipments in G&W’s Midwest Region. All remaining traffic increased by a
net 14,860 carloads.
Carload Reporting for RailAmerica Inc. Traffic
September 2012 and the third quarter of 2012 carloads from RailAmerica
Inc. railroads include eliminations of 1,575 and 4,947 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
September 2013 and September 2012:
|
|
|
|
|
|
|
|
September 2012
|
|
|
% Change
|
|
|
|
|
|
September
|
|
|
|
|
|
|
|
|
|
|
|
|
North American Operations:
|
|
|
|
|
2013(1)
|
|
|
G&W
|
|
RA
|
|
Pro Forma(2) |
|
|
G&W
|
|
Pro Forma(2) |
Coal & Coke
|
|
|
|
|
28,850
|
|
|
|
18,090
|
|
|
11,739
|
|
29,829
|
|
|
59.5%
|
|
-3.3%
|
Metals
|
|
|
|
|
15,268
|
|
|
|
7,675
|
|
|
5,873
|
|
13,548
|
|
|
98.9%
|
|
12.7%
|
Pulp & Paper
|
|
|
|
|
14,529
|
|
|
|
8,376
|
|
|
4,642
|
|
13,018
|
|
|
73.5%
|
|
11.6%
|
Minerals & Stone
|
|
|
|
|
14,248
|
|
|
|
6,002
|
|
|
6,836
|
|
12,838
|
|
|
137.4%
|
|
11.0%
|
Chemicals & Plastics
|
|
|
|
|
12,512
|
|
|
|
5,342
|
|
|
7,036
|
|
12,378
|
|
|
134.2%
|
|
1.1%
|
Agricultural Products
|
|
|
|
|
11,925
|
|
|
|
2,651
|
|
|
9,534
|
|
12,185
|
|
|
349.8%
|
|
-2.1%
|
Lumber & Forest Products
|
|
|
|
|
10,888
|
|
|
|
6,195
|
|
|
4,263
|
|
10,458
|
|
|
75.8%
|
|
4.1%
|
Petroleum Products
|
|
|
|
|
7,949
|
|
|
|
2,255
|
|
|
4,440
|
|
6,695
|
|
|
252.5%
|
|
18.7%
|
Food or Kindred Products
|
|
|
|
|
4,591
|
|
|
|
1,017
|
|
|
3,479
|
|
4,496
|
|
|
351.4%
|
|
2.1%
|
Waste
|
|
|
|
|
4,005
|
|
|
|
1,658
|
|
|
1,574
|
|
3,232
|
|
|
141.6%
|
|
23.9%
|
Autos & Auto Parts
|
|
|
|
|
3,099
|
|
|
|
904
|
|
|
1,816
|
|
2,720
|
|
|
242.8%
|
|
13.9%
|
Metallic Ores
|
|
|
|
|
1,430
|
|
|
|
1,026
|
|
|
730
|
|
1,756
|
|
|
39.4%
|
|
-18.6%
|
Intermodal
|
|
|
|
|
811
|
|
|
|
321
|
|
|
-
|
|
321
|
|
|
152.6%
|
|
152.6%
|
Other
|
|
|
|
|
7,734
|
|
|
|
1,374
|
|
|
3,574
|
|
4,948
|
|
|
462.9%
|
|
56.3%
|
Total carloads
|
|
|
|
|
137,839
|
|
|
|
62,886
|
|
|
65,536
|
|
128,422
|
|
|
119.2%
|
|
7.3%
|
(1) Total carloads from G&W and RA
|
(2) Pro forma as though G&W had acquired RailAmerica on January 1,
2012
|
|
The table below sets forth North American carloading information for the
third quarter of 2013 and the third quarter of 2012:
|
|
|
|
|
|
|
|
3rd Qtr 2012
|
|
|
% Change
|
|
|
|
|
|
3rd Qtr
|
|
|
|
|
|
|
|
|
|
|
|
|
North American Operations:
|
|
|
|
|
2013(1)
|
|
|
G&W
|
|
RA
|
|
Pro Forma(2) |
|
|
G&W
|
|
Pro Forma(2) |
Coal & Coke
|
|
|
|
|
84,635
|
|
|
|
52,978
|
|
|
35,604
|
|
88,582
|
|
|
59.8%
|
|
-4.5%
|
Metals
|
|
|
|
|
46,562
|
|
|
|
22,077
|
|
|
18,541
|
|
40,618
|
|
|
110.9%
|
|
14.6%
|
Pulp & Paper
|
|
|
|
|
44,630
|
|
|
|
27,213
|
|
|
14,647
|
|
41,860
|
|
|
64.0%
|
|
6.6%
|
Minerals & Stone
|
|
|
|
|
43,923
|
|
|
|
18,063
|
|
|
22,660
|
|
40,723
|
|
|
143.2%
|
|
7.9%
|
Chemicals & Plastics
|
|
|
|
|
40,796
|
|
|
|
17,114
|
|
|
22,336
|
|
39,450
|
|
|
138.4%
|
|
3.4%
|
Agricultural Products
|
|
|
|
|
40,188
|
|
|
|
9,841
|
|
|
30,149
|
|
39,990
|
|
|
308.4%
|
|
0.5%
|
Lumber & Forest Products
|
|
|
|
|
33,143
|
|
|
|
18,596
|
|
|
13,494
|
|
32,090
|
|
|
78.2%
|
|
3.3%
|
Petroleum Products
|
|
|
|
|
25,566
|
|
|
|
6,605
|
|
|
14,116
|
|
20,721
|
|
|
287.1%
|
|
23.4%
|
Food or Kindred Products
|
|
|
|
|
13,476
|
|
|
|
3,007
|
|
|
11,388
|
|
14,395
|
|
|
348.2%
|
|
-6.4%
|
Waste
|
|
|
|
|
12,048
|
|
|
|
5,612
|
|
|
5,375
|
|
10,987
|
|
|
114.7%
|
|
9.7%
|
Autos & Auto Parts
|
|
|
|
|
9,024
|
|
|
|
2,574
|
|
|
5,026
|
|
7,600
|
|
|
250.6%
|
|
18.7%
|
Metallic Ores
|
|
|
|
|
4,780
|
|
|
|
3,119
|
|
|
2,402
|
|
5,521
|
|
|
53.3%
|
|
-13.4%
|
Intermodal
|
|
|
|
|
2,777
|
|
|
|
1,056
|
|
|
-
|
|
1,056
|
|
|
163.0%
|
|
163.0%
|
Other
|
|
|
|
|
21,222
|
|
|
|
4,313
|
|
|
13,672
|
|
17,985
|
|
|
392.0%
|
|
18.0%
|
Total carloads
|
|
|
|
|
422,770
|
|
|
|
192,168
|
|
|
209,410
|
|
401,578
|
|
|
120.0%
|
|
5.3%
|
(1) Total carloads from G&W and RA
|
(2) Pro forma as though G&W had acquired RailAmerica on January 1,
2012
|
|
The table below sets forth Australian carloading information for
September 2013 and September 2012:
|
|
|
|
|
September
|
|
|
September
|
|
|
Australian Operations:
|
|
|
|
|
2013
|
|
|
2012
|
|
% Change
|
Intermodal
|
|
|
|
|
5,496
|
|
|
5,866
|
|
-6.3%
|
Minerals & Stone
|
|
|
|
|
4,773
|
|
|
4,985
|
|
-4.3%
|
Metallic Ores
|
|
|
|
|
4,631
|
|
|
2,939
|
|
57.6%
|
Agricultural Products
|
|
|
|
|
2,891
|
|
|
2,532
|
|
14.2%
|
Petroleum Products
|
|
|
|
|
20
|
|
|
31
|
|
-35.5%
|
Total carloads
|
|
|
|
|
17,811
|
|
|
16,353
|
|
8.9%
|
|
The table below sets forth Australian carloading information for the
third quarter of 2013 and the third quarter of 2012:
|
|
|
|
|
3rd Qtr
|
|
|
|
3rd Qtr
|
|
|
Australian Operations:
|
|
|
|
|
2013
|
|
|
|
2012
|
|
% Change
|
Intermodal
|
|
|
|
|
17,236
|
|
|
|
16,698
|
|
3.2%
|
Metallic Ores
|
|
|
|
|
14,632
|
|
|
|
8,588
|
|
70.4%
|
Minerals & Stone
|
|
|
|
|
14,209
|
|
|
|
14,780
|
|
-3.9%
|
Agricultural Products
|
|
|
|
|
13,897
|
|
|
|
10,450
|
|
33.0%
|
Petroleum Products
|
|
|
|
|
79
|
|
|
|
99
|
|
-20.2%
|
Total carloads
|
|
|
|
|
60,053
|
|
|
|
50,615
|
|
18.6%
|
Copyright Business Wire 2013