Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes
for December 2013 and the fourth 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 December 2013 was 155,769 carloads, an increase of
81,240 carloads, or 109.0%, compared to G&W’s traffic in December 2012,
and an increase of 15,451 carloads, or 11.0%, compared to total December
2012 carloads pro forma for the RA acquisition. G&W’s traffic in the
fourth quarter of 2013 was 471,906 carloads, an increase of 242,088
carloads, or 105.3%, compared to G&W’s traffic in the fourth quarter of
2012, and an increase of 32,988 carloads, or 7.5%, compared to total
fourth quarter of 2012 carloads pro forma for the RA acquisition.
The table below sets forth consolidated summary carload information for
December 2013 and December 2012:
|
|
|
|
|
|
|
|
|
|
December 2012
|
|
|
|
% Change
|
Consolidated G&W
|
|
|
|
|
December
2013(1)
|
|
|
|
G&W
|
|
|
RA
|
|
|
Pro Forma(2)
|
|
|
|
G&W
|
|
|
Pro Forma(2)
|
Coal & Coke
|
|
|
|
|
28,822
|
|
|
|
12,347
|
|
|
10,699
|
|
|
23,046
|
|
|
|
133.4
|
%
|
|
|
25.1
|
%
|
Agricultural Products
|
|
|
|
|
22,271
|
|
|
|
7,509
|
|
|
11,004
|
|
|
18,513
|
|
|
|
196.6
|
%
|
|
|
20.3
|
%
|
Pulp & Paper
|
|
|
|
|
14,848
|
|
|
|
8,639
|
|
|
4,878
|
|
|
13,517
|
|
|
|
71.9
|
%
|
|
|
9.8
|
%
|
Minerals & Stone
|
|
|
|
|
14,202
|
|
|
|
9,166
|
|
|
5,726
|
|
|
14,892
|
|
|
|
54.9
|
%
|
|
|
-4.6
|
%
|
Metals
|
|
|
|
|
13,772
|
|
|
|
7,691
|
|
|
5,688
|
|
|
13,379
|
|
|
|
79.1
|
%
|
|
|
2.9
|
%
|
Chemicals & Plastics
|
|
|
|
|
12,805
|
|
|
|
5,429
|
|
|
6,909
|
|
|
12,338
|
|
|
|
135.9
|
%
|
|
|
3.8
|
%
|
Lumber & Forest Products
|
|
|
|
|
9,802
|
|
|
|
5,962
|
|
|
4,525
|
|
|
10,487
|
|
|
|
64.4
|
%
|
|
|
-6.5
|
%
|
Petroleum Products
|
|
|
|
|
9,768
|
|
|
|
2,773
|
|
|
6,088
|
|
|
8,861
|
|
|
|
252.3
|
%
|
|
|
10.2
|
%
|
Metallic Ores
|
|
|
|
|
6,861
|
|
|
|
4,290
|
|
|
681
|
|
|
4,971
|
|
|
|
59.9
|
%
|
|
|
38.0
|
%
|
Intermodal
|
|
|
|
|
5,972
|
|
|
|
6,191
|
|
|
-
|
|
|
6,191
|
|
|
|
-3.5
|
%
|
|
|
-3.5
|
%
|
Food or Kindred Products
|
|
|
|
|
4,515
|
|
|
|
858
|
|
|
3,466
|
|
|
4,324
|
|
|
|
426.2
|
%
|
|
|
4.4
|
%
|
Waste
|
|
|
|
|
3,303
|
|
|
|
1,723
|
|
|
1,461
|
|
|
3,184
|
|
|
|
91.7
|
%
|
|
|
3.7
|
%
|
Autos & Auto Parts
|
|
|
|
|
2,670
|
|
|
|
802
|
|
|
1,455
|
|
|
2,257
|
|
|
|
232.9
|
%
|
|
|
18.3
|
%
|
Other
|
|
|
|
|
6,158
|
|
|
|
1,149
|
|
|
3,209
|
|
|
4,358
|
|
|
|
435.9
|
%
|
|
|
41.3
|
%
|
Total carloads
|
|
|
|
|
155,769
|
|
|
|
74,529
|
|
|
65,789
|
|
|
140,318
|
|
|
|
109.0
|
%
|
|
|
11.0
|
%
|
(1) Total carloads from G&W and RA
|
(2) Pro forma as though G&W had acquired RailAmerica on January 1,
2012
|
|
Coal & coke traffic increased 5,776 carloads primarily due to increased
shipments in G&W’s Midwest, Central, Mountain West and Ohio Valley
regions. Agricultural products traffic increased 3,758 carloads
primarily due to increased shipments in G&W’s Australia, Pacific and
Ohio Valley regions. Metallic ores traffic increased 1,890 carloads
primarily due to increased iron ore shipments in G&W’s Australia Region.
G&W’s Other commodity group traffic increased 1,800 carloads primarily
due to overhead Class 1 shipments. All remaining traffic increased by a
net 2,227 carloads.
The table below sets forth consolidated summary carload information for
the fourth quarter of 2013 and the fourth quarter of 2012:
|
|
|
|
|
|
|
|
|
|
4th Qtr 2012
|
|
|
|
% Change
|
Consolidated G&W
|
|
|
|
|
4th Qtr
2013(1)
|
|
|
|
G&W
|
|
|
RA
|
|
|
Pro Forma(2)
|
|
|
|
G&W
|
|
|
Pro Forma(2)
|
Coal & Coke
|
|
|
|
|
82,960
|
|
|
|
41,541
|
|
|
32,061
|
|
|
73,602
|
|
|
|
99.7
|
%
|
|
|
12.7
|
%
|
Agricultural Products
|
|
|
|
|
61,827
|
|
|
|
18,666
|
|
|
38,646
|
|
|
57,312
|
|
|
|
231.2
|
%
|
|
|
7.9
|
%
|
Minerals & Stone
|
|
|
|
|
50,087
|
|
|
|
31,989
|
|
|
19,080
|
|
|
51,069
|
|
|
|
56.6
|
%
|
|
|
-1.9
|
%
|
Pulp & Paper
|
|
|
|
|
42,928
|
|
|
|
25,978
|
|
|
14,432
|
|
|
40,410
|
|
|
|
65.2
|
%
|
|
|
6.2
|
%
|
Metals
|
|
|
|
|
42,636
|
|
|
|
22,017
|
|
|
16,140
|
|
|
38,157
|
|
|
|
93.7
|
%
|
|
|
11.7
|
%
|
Chemicals & Plastics
|
|
|
|
|
39,088
|
|
|
|
16,929
|
|
|
22,108
|
|
|
39,037
|
|
|
|
130.9
|
%
|
|
|
0.1
|
%
|
Lumber & Forest Products
|
|
|
|
|
32,375
|
|
|
|
18,774
|
|
|
13,873
|
|
|
32,647
|
|
|
|
72.4
|
%
|
|
|
-0.8
|
%
|
Petroleum Products
|
|
|
|
|
27,753
|
|
|
|
7,649
|
|
|
16,206
|
|
|
23,855
|
|
|
|
262.8
|
%
|
|
|
16.3
|
%
|
Metallic Ores
|
|
|
|
|
20,763
|
|
|
|
11,976
|
|
|
2,221
|
|
|
14,197
|
|
|
|
73.4
|
%
|
|
|
46.2
|
%
|
Intermodal
|
|
|
|
|
19,647
|
|
|
|
18,786
|
|
|
-
|
|
|
18,786
|
|
|
|
4.6
|
%
|
|
|
4.6
|
%
|
Food or Kindred Products
|
|
|
|
|
14,916
|
|
|
|
3,027
|
|
|
11,166
|
|
|
14,193
|
|
|
|
392.8
|
%
|
|
|
5.1
|
%
|
Waste
|
|
|
|
|
10,999
|
|
|
|
5,979
|
|
|
4,965
|
|
|
10,944
|
|
|
|
84.0
|
%
|
|
|
0.5
|
%
|
Autos & Auto Parts
|
|
|
|
|
9,512
|
|
|
|
2,622
|
|
|
5,425
|
|
|
8,047
|
|
|
|
262.8
|
%
|
|
|
18.2
|
%
|
Other
|
|
|
|
|
16,415
|
|
|
|
3,885
|
|
|
12,777
|
|
|
16,662
|
|
|
|
322.5
|
%
|
|
|
-1.5
|
%
|
Total carloads
|
|
|
|
|
471,906
|
|
|
|
229,818
|
|
|
209,100
|
|
|
438,918
|
|
|
|
105.3
|
%
|
|
|
7.5
|
%
|
(1) Total carloads from G&W and RA
|
(2) Pro forma as though G&W had acquired RailAmerica on January 1,
2012
|
|
Coal & coke traffic increased 9,358 carloads primarily due to increased
shipments in G&W’s Central, Midwest and Ohio Valley regions. Metallic
ores traffic increased 6,566 carloads primarily due to increased iron
ore shipments in G&W’s Australia Region. Agricultural products traffic
increased 4,515 carloads primarily due to increased shipments in G&W’s
Australia and Ohio Valley regions, partially offset by decreased
shipments in G&W’s Midwest Region. Metals traffic increased 4,479
carloads primarily due to increased shipments in G&W’s Northeast and
Southern regions. Petroleum products traffic increased 3,898 carloads
primarily due to increased shipments of crude oil and liquid petroleum
gases in G&W’s Pacific and Ohio Valley regions. All remaining traffic
increased by a net 4,172 carloads.
Carload Reporting for RailAmerica Inc. Traffic
December 2012 and the fourth quarter of 2012 carloads from RailAmerica
Inc. railroads include eliminations of 1,773 and 5,172 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. G&W provides rail
service at 35 ports in North America, Australia and Europe and performs
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
December 2013 and December 2012:
|
|
|
|
|
|
|
|
|
|
December 2012
|
|
|
|
% Change
|
North American Operations:
|
|
|
|
|
December
2013(1)
|
|
|
|
G&W
|
|
|
RA
|
|
|
Pro Forma(2)
|
|
|
|
G&W
|
|
|
Pro Forma(2)
|
Coal & Coke
|
|
|
|
|
28,822
|
|
|
|
12,347
|
|
|
10,699
|
|
|
23,046
|
|
|
|
133.4
|
%
|
|
|
25.1
|
%
|
Agricultural Products
|
|
|
|
|
16,656
|
|
|
|
3,333
|
|
|
11,004
|
|
|
14,337
|
|
|
|
399.7
|
%
|
|
|
16.2
|
%
|
Pulp & Paper
|
|
|
|
|
14,848
|
|
|
|
8,639
|
|
|
4,878
|
|
|
13,517
|
|
|
|
71.9
|
%
|
|
|
9.8
|
%
|
Metals
|
|
|
|
|
13,772
|
|
|
|
7,691
|
|
|
5,688
|
|
|
13,379
|
|
|
|
79.1
|
%
|
|
|
2.9
|
%
|
Chemicals & Plastics
|
|
|
|
|
12,805
|
|
|
|
5,429
|
|
|
6,909
|
|
|
12,338
|
|
|
|
135.9
|
%
|
|
|
3.8
|
%
|
Minerals & Stone
|
|
|
|
|
11,361
|
|
|
|
4,630
|
|
|
5,726
|
|
|
10,356
|
|
|
|
145.4
|
%
|
|
|
9.7
|
%
|
Lumber & Forest Products
|
|
|
|
|
9,802
|
|
|
|
5,962
|
|
|
4,525
|
|
|
10,487
|
|
|
|
64.4
|
%
|
|
|
-6.5
|
%
|
Petroleum Products
|
|
|
|
|
9,746
|
|
|
|
2,747
|
|
|
6,088
|
|
|
8,835
|
|
|
|
254.8
|
%
|
|
|
10.3
|
%
|
Food or Kindred Products
|
|
|
|
|
4,515
|
|
|
|
858
|
|
|
3,466
|
|
|
4,324
|
|
|
|
426.2
|
%
|
|
|
4.4
|
%
|
Waste
|
|
|
|
|
3,303
|
|
|
|
1,723
|
|
|
1,461
|
|
|
3,184
|
|
|
|
91.7
|
%
|
|
|
3.7
|
%
|
Autos & Auto Parts
|
|
|
|
|
2,670
|
|
|
|
802
|
|
|
1,455
|
|
|
2,257
|
|
|
|
232.9
|
%
|
|
|
18.3
|
%
|
Metallic Ores
|
|
|
|
|
1,883
|
|
|
|
682
|
|
|
681
|
|
|
1,363
|
|
|
|
176.1
|
%
|
|
|
38.2
|
%
|
Intermodal
|
|
|
|
|
378
|
|
|
|
191
|
|
|
-
|
|
|
191
|
|
|
|
97.9
|
%
|
|
|
97.9
|
%
|
Other
|
|
|
|
|
6,158
|
|
|
|
1,149
|
|
|
3,209
|
|
|
4,358
|
|
|
|
435.9
|
%
|
|
|
41.3
|
%
|
Total carloads
|
|
|
|
|
136,719
|
|
|
|
56,183
|
|
|
65,789
|
|
|
121,972
|
|
|
|
143.3
|
%
|
|
|
12.1
|
%
|
(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
fourth quarter of 2013 and the fourth quarter of 2012:
|
|
|
|
|
|
|
|
|
|
4th Qtr 2012
|
|
|
|
% Change
|
North American Operations:
|
|
|
|
|
4th Qtr
2013(1)
|
|
|
|
G&W
|
|
|
RA
|
|
|
Pro Forma(2)
|
|
|
|
G&W
|
|
|
Pro Forma(2)
|
Coal & Coke
|
|
|
|
|
82,960
|
|
|
|
41,541
|
|
|
32,061
|
|
|
73,602
|
|
|
|
99.7
|
%
|
|
|
12.7
|
%
|
Agricultural Products
|
|
|
|
|
48,361
|
|
|
|
11,420
|
|
|
38,646
|
|
|
50,066
|
|
|
|
323.5
|
%
|
|
|
-3.4
|
%
|
Pulp & Paper
|
|
|
|
|
42,928
|
|
|
|
25,978
|
|
|
14,432
|
|
|
40,410
|
|
|
|
65.2
|
%
|
|
|
6.2
|
%
|
Metals
|
|
|
|
|
42,636
|
|
|
|
22,017
|
|
|
16,140
|
|
|
38,157
|
|
|
|
93.7
|
%
|
|
|
11.7
|
%
|
Minerals & Stone
|
|
|
|
|
39,463
|
|
|
|
16,792
|
|
|
19,080
|
|
|
35,872
|
|
|
|
135.0
|
%
|
|
|
10.0
|
%
|
Chemicals & Plastics
|
|
|
|
|
39,088
|
|
|
|
16,929
|
|
|
22,108
|
|
|
39,037
|
|
|
|
130.9
|
%
|
|
|
0.1
|
%
|
Lumber & Forest Products
|
|
|
|
|
32,375
|
|
|
|
18,774
|
|
|
13,873
|
|
|
32,647
|
|
|
|
72.4
|
%
|
|
|
-0.8
|
%
|
Petroleum Products
|
|
|
|
|
27,677
|
|
|
|
7,566
|
|
|
16,206
|
|
|
23,772
|
|
|
|
265.8
|
%
|
|
|
16.4
|
%
|
Food or Kindred Products
|
|
|
|
|
14,916
|
|
|
|
3,027
|
|
|
11,166
|
|
|
14,193
|
|
|
|
392.8
|
%
|
|
|
5.1
|
%
|
Waste
|
|
|
|
|
10,999
|
|
|
|
5,979
|
|
|
4,965
|
|
|
10,944
|
|
|
|
84.0
|
%
|
|
|
0.5
|
%
|
Autos & Auto Parts
|
|
|
|
|
9,512
|
|
|
|
2,622
|
|
|
5,425
|
|
|
8,047
|
|
|
|
262.8
|
%
|
|
|
18.2
|
%
|
Metallic Ores
|
|
|
|
|
5,333
|
|
|
|
2,653
|
|
|
2,221
|
|
|
4,874
|
|
|
|
101.0
|
%
|
|
|
9.4
|
%
|
Intermodal
|
|
|
|
|
2,404
|
|
|
|
1,244
|
|
|
-
|
|
|
1,244
|
|
|
|
93.2
|
%
|
|
|
93.2
|
%
|
Other
|
|
|
|
|
16,415
|
|
|
|
3,885
|
|
|
12,777
|
|
|
16,662
|
|
|
|
322.5
|
%
|
|
|
-1.5
|
%
|
Total carloads
|
|
|
|
|
415,067
|
|
|
|
180,427
|
|
|
209,100
|
|
|
389,527
|
|
|
|
130.0
|
%
|
|
|
6.6
|
%
|
(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
December 2013 and December 2012:
|
Australian Operations:
|
|
|
|
|
December
2013
|
|
|
|
December
2012
|
|
|
%
Change
|
Agricultural Products
|
|
|
|
|
5,615
|
|
|
|
4,176
|
|
|
34.5
|
%
|
Intermodal
|
|
|
|
|
5,594
|
|
|
|
6,000
|
|
|
-6.8
|
%
|
Metallic Ores
|
|
|
|
|
4,978
|
|
|
|
3,608
|
|
|
38.0
|
%
|
Minerals & Stone
|
|
|
|
|
2,841
|
|
|
|
4,536
|
|
|
-37.4
|
%
|
Petroleum Products
|
|
|
|
|
22
|
|
|
|
26
|
|
|
-15.4
|
%
|
Total carloads
|
|
|
|
|
19,050
|
|
|
|
18,346
|
|
|
3.8
|
%
|
|
The table below sets forth Australian carloading information for the
fourth quarter of 2013 and the fourth quarter of 2012:
|
Australian Operations:
|
|
|
|
|
4th Qtr
2013
|
|
|
|
4th Qtr
2012
|
|
|
%
Change
|
Intermodal
|
|
|
|
|
17,243
|
|
|
|
17,542
|
|
|
-1.7
|
%
|
Metallic Ores
|
|
|
|
|
15,430
|
|
|
|
9,323
|
|
|
65.5
|
%
|
Agricultural Products
|
|
|
|
|
13,466
|
|
|
|
7,246
|
|
|
85.8
|
%
|
Minerals & Stone
|
|
|
|
|
10,624
|
|
|
|
15,197
|
|
|
-30.1
|
%
|
Petroleum Products
|
|
|
|
|
76
|
|
|
|
83
|
|
|
-8.4
|
%
|
Total carloads
|
|
|
|
|
56,839
|
|
|
|
49,391
|
|
|
15.1
|
%
|
|
Copyright Business Wire 2014