Genesee & Wyoming Reports Traffic for March and the First Quarter of 2014

DARIEN, Conn.--()--Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for March 2014 and the first quarter of 2014.

G&W’s traffic in March 2014 was 167,993 carloads, an increase of 13,916 carloads, or 9.0%, compared with March 2013. G&W’s traffic in the first quarter of 2014 was 467,379 carloads, an increase of 17,075 carloads, or 3.8%, compared with the first quarter of 2013. The negative effects of the severe winter weather in the first quarter of 2014 resulted in lower than expected traffic and higher than expected expenses in the first quarter of 2014.

The table below sets forth consolidated summary carload information for March 2014 and March 2013 by commodity group.

                               
Consolidated G&W

March
2014

March
2013

Change        

%
Change

Coal & Coke 30,767 24,378 6,389 26.2%
Agricultural Products 23,263 22,729 534 2.3%
Minerals & Stone 17,921 17,883 38 0.2%
Metals 15,303 14,242 1,061 7.4%
Pulp & Paper 14,334 13,289 1,045 7.9%
Chemicals & Plastics 14,173 13,909 264 1.9%
Lumber & Forest Products 11,646 12,125 (479) (4.0%)
Petroleum Products 9,183 8,619 564 6.5%
Metallic Ores 6,697 5,108 1,589 31.1%
Intermodal 5,439 5,643 (204) (3.6%)
Food or Kindred Products 4,847 4,883 (36) (0.7%)
Waste 3,498 3,068 430 14.0%
Autos & Auto Parts 2,625 2,630 (5) (0.2%)
Other 8,297 5,571 2,726 48.9%
Total carloads 167,993 154,077 13,916 9.0%
 

Highlights:

  • North American traffic increased 12,849 carloads, or 9.6%, primarily due to increased coal shipments and overhead Class I shipments.
  • Australian traffic increased 1,067 carloads, or 5.3%, primarily due to increased iron ore shipments, partially offset by decreased minerals & stone traffic.
  • Coal & coke traffic increased 6,389 carloads, or 26.2%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions.
  • G&W’s Other commodity group traffic increased 2,726 carloads, or 48.9%, primarily due to overhead Class 1 shipments.
  • Metallic ores traffic increased 1,589 carloads, or 31.1%, primarily due to increased iron ore shipments in G&W’s Australia Region.
  • Traffic in all other commodity groups increased by a net 3,212 carloads.

The table below sets forth consolidated summary carload information for the first quarter of 2014 and the first quarter of 2013 by commodity group.

                               
Consolidated G&W Q1 2014 Q1 2013 Change        

%
Change

Coal & Coke 86,303 75,560 10,743 14.2%
Agricultural Products 65,034 63,441 1,593 2.5%
Minerals & Stone 49,037 50,225 (1,188) (2.4%)
Pulp & Paper 42,211 40,778 1,433 3.5%
Metals 41,329 41,623 (294) (0.7%)
Chemicals & Plastics 40,272 40,908 (636) (1.6%)
Lumber & Forest Products 32,547 33,625 (1,078) (3.2%)
Petroleum Products 27,835 27,213 622 2.3%
Metallic Ores 18,874 14,812 4,062 27.4%
Intermodal 15,591 16,176 (585) (3.6%)
Food or Kindred Products 13,847 13,594 253 1.9%
Waste 9,446 9,015 431 4.8%
Autos & Auto Parts 7,736 7,956 (220) (2.8%)
Other 17,317 15,378 1,939 12.6%
Total carloads 467,379 450,304 17,075 3.8%
 

Highlights:

  • North American traffic increased 14,566 carloads, or 3.7%, and was negatively affected by severe winter weather at most of G&W’s North American regions in the first quarter of 2014.
  • Australian traffic increased 2,509 carloads, or 4.5%, primarily due to increased iron ore and grain shipments, partially offset by decreased minerals & stone traffic.
  • Coal & coke traffic increased 10,743 carloads, or 14.2%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions, partially offset by decreased shipments in G&W’s Mountain West Region.
  • Metallic ores traffic increased 4,062 carloads, or 27.4%, primarily due to increased iron ore shipments in G&W’s Australia Region.
  • G&W’s Other commodity group traffic increased 1,939 carloads, or 12.6%, primarily due to overhead Class 1 shipments.
  • Traffic in all other commodity groups increased by a net 331 carloads.

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 35 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 March 2014 and March 2013 by commodity group.

                               
North American Operations:

March
2014

March
2013

Change

%
Change

Coal & Coke 30,767 24,378 6,389 26.2%
Agricultural Products 16,875 16,707 168 1.0%
Metals 15,303 14,242 1,061 7.4%
Pulp & Paper 14,334 13,289 1,045 7.9%
Chemicals & Plastics 14,173 13,909 264 1.9%
Minerals & Stone 13,314 12,226 1,088 8.9%
Lumber & Forest Products 11,646 12,125 (479) (4.0%)
Petroleum Products 9,165 8,598 567 6.6%
Food or Kindred Products 4,847 4,883 (36) (0.7%)
Waste 3,498 3,068 430 14.0%
Autos & Auto Parts 2,625 2,630 (5) (0.2%)
Metallic Ores 1,820 1,864 (44) (2.4%)
Intermodal 296 621 (325) (52.3%)
Other 8,297 5,571 2,726 48.9%
Total carloads 146,960 134,111 12,849 9.6%
 

The table below sets forth North American carloading information for the first quarter of 2014 and the first quarter of 2013 by commodity group.

                               
North American Operations: Q1 2014 Q1 2013 Change

%
Change

Coal & Coke 86,303 75,560 10,743 14.2%
Agricultural Products 48,055 47,769 286 0.6%
Pulp & Paper 42,211 40,778 1,433 3.5%
Metals 41,329 41,623 (294) (0.7%)
Chemicals & Plastics 40,272 40,908 (636) (1.6%)
Minerals & Stone 36,240 34,739 1,501 4.3%
Lumber & Forest Products 32,547 33,625 (1,078) (3.2%)
Petroleum Products 27,776 27,151 625 2.3%
Food or Kindred Products 13,847 13,594 253 1.9%
Waste 9,446 9,015 431 4.8%
Autos & Auto Parts 7,736 7,956 (220) (2.8%)
Metallic Ores 5,579 5,074 505 10.0%
Intermodal 879 1,801 (922) (51.2%)
Other 17,317 15,378 1,939 12.6%
Total carloads 409,537 394,971 14,566 3.7%
 

The table below sets forth Australian carloading information for March 2014 and March 2013 by commodity group.

                               
Australian Operations:

March
2014

March
2013

Change

%
Change

Agricultural Products 6,388 6,022 366 6.1%
Intermodal 5,143 5,022 121 2.4%
Metallic Ores 4,877 3,244 1,633 50.3%
Minerals & Stone 4,607 5,657 (1,050) (18.6%)
Petroleum Products 18 21 (3) (14.3%)
Total carloads 21,033 19,966 1,067 5.3%
 

The table below sets forth Australian carloading information for the first quarter of 2014 and the first quarter of 2013 by commodity group.

                               
Australian Operations: Q1 2014 Q1 2013 Change

%
Change

Agricultural Products 16,979 15,672 1,307 8.3%
Intermodal 14,712 14,375 337 2.3%
Metallic Ores 13,295 9,738 3,557 36.5%
Minerals & Stone 12,797 15,486 (2,689) (17.4%)
Petroleum Products 59 62 (3) (4.8%)
Total carloads 57,842 55,333 2,509 4.5%
 

Contacts

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

Release Summary

Genesee & Wyoming Inc. Reports Traffic for March and the First Quarter of 2014

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Contacts

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