Genesee & Wyoming Reports Traffic for May 2014

DARIEN, Conn.--()--Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for May 2014.

G&W’s traffic in May 2014 was 171,391 carloads, an increase of 3,864 carloads, or 2.3%, compared with May 2013. G&W’s traffic in the second quarter of 2014 through May was 341,904 carloads, an increase of 16,682 carloads, or 5.1%, compared with the second quarter of 2013 through May.

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

                               
Consolidated G&W

May
2014

May
2013

Change        

%
Change

Coal & Coke 29,965 28,079 1,886 6.7%
Agricultural Products 22,080 21,865 215 1.0%
Minerals & Stone 20,698 21,127 (429) (2.0%)
Metals 17,150 15,605 1,545 9.9%
Pulp & Paper 14,705 13,595 1,110 8.2%
Chemicals & Plastics 14,117 14,700 (583) (4.0%)
Lumber & Forest Products 12,090 11,682 408 3.5%
Petroleum Products 8,503 9,746 (1,243) (12.8%)
Metallic Ores 6,643 6,306 337 5.3%
Intermodal 5,898 6,157 (259) (4.2%)
Food or Kindred Products 5,336 4,545 791 17.4%
Waste 3,262 3,961 (699) (17.6%)
Autos & Auto Parts 2,507 3,620 (1,113) (30.7%)
Other 8,437 6,539 1,898 29.0%
Total carloads 171,391 167,527 3,864 2.3%
 

Highlights:

  • North American traffic increased 6,133 carloads, or 4.2%, primarily due to increased overhead Class 1 shipments, coal, agricultural products and metals traffic.
  • Australian traffic decreased 2,269 carloads, or 10.2%, primarily due to an expected decrease in agricultural products traffic. In addition, minerals & stone traffic declined due to a reduction in gypsum shipments and the previously announced closure of a customer facility.
  • G&W’s Other commodity group traffic increased 1,898 carloads, or 29.0%, primarily due to overhead Class 1 shipments.
  • Coal & coke traffic increased 1,886 carloads, or 6.7%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions.
  • Metals traffic increased 1,545 carloads, or 9.9%, primarily due to increased shipments in G&W’s Northeast, Canada and Southern regions.
  • Petroleum products traffic decreased 1,243 carloads, or 12.8%, primarily due to decreased shipments of crude oil in G&W’s Southern, Pacific and Canada regions, as well as decreased shipments of liquid petroleum gases in G&W’s Mountain West region.
  • All remaining traffic decreased by a net 222 carloads.

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

                               
Consolidated G&W

QTD May
2014

QTD May
2013

Change        

%
Change

Coal & Coke 58,998 52,105 6,893 13.2%
Agricultural Products 46,602 41,821 4,781 11.4%
Minerals & Stone 40,167 41,307 (1,140) (2.8%)
Metals 33,126 30,444 2,682 8.8%
Pulp & Paper 28,796 27,463 1,333 4.9%
Chemicals & Plastics 28,708 29,308 (600) (2.0%)
Lumber & Forest Products 23,957 23,725 232 1.0%
Petroleum Products 17,030 19,492 (2,462) (12.6%)
Metallic Ores 12,749 11,848 901 7.6%
Intermodal 11,138 11,575 (437) (3.8%)
Food or Kindred Products 10,470 9,220 1,250 13.6%
Waste 6,568 7,460 (892) (12.0%)
Autos & Auto Parts 4,851 6,677 (1,826) (27.3%)
Other 18,744 12,777 5,967 46.7%
Total carloads 341,904 325,222 16,682 5.1%
 

Highlights:

  • North American traffic increased 20,916 carloads, or 7.4%, primarily due to increased coal, agricultural products and overhead Class 1 shipments.
  • Australian traffic decreased 4,234 carloads, or 9.9%, primarily due to reduced minerals & stone shipments resulting from lower shipments of gypsum and the previously announced closure of a customer facility, as well as an expected decrease in agricultural products traffic.
  • Coal & coke traffic increased 6,893 carloads, or 13.2%, 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 Central and Mountain West regions.
  • G&W’s Other commodity group traffic increased 5,967 carloads, or 46.7%, primarily due to overhead Class 1 shipments.
  • Agricultural products traffic increased 4,781 carloads, or 11.4%, primarily due to increased shipments in G&W’s Pacific, Central, Canada and Ohio Valley regions, partially offset by decreased shipments in G&W’s Australia Region.
  • Petroleum products traffic decreased 2,462 carloads, or 12.6%, primarily due to decreased shipments of crude oil in G&W’s Southern, Canada and Pacific regions, as well as decreased shipments of liquid petroleum gases in G&W’s Mountain West and Pacific regions.
  • All remaining traffic increased by a net 1,503 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 short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, G&W Australia operates the 1,400-mile Tarcoola to Darwin rail line, which links the Port of Darwin with the interstate rail network in South Australia. Operations currently include 112 railroads organized in 11 regions, with more than 15,000 miles of owned and leased track, 4,800 employees and over 2,000 customers. G&W subsidiaries provide rail service at 37 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 May 2014 and May 2013 by commodity group.

                               
North American Operations: May 2014 May 2013 Change

%
Change

Coal & Coke 29,965 28,079 1,886 6.7%
Metals 17,150 15,605 1,545 9.9%
Agricultural Products 17,044 15,371 1,673 10.9%
Minerals & Stone 16,573 15,630 943 6.0%
Pulp & Paper 14,705 13,595 1,110 8.2%
Chemicals & Plastics 14,117 14,700 (583) (4.0%)
Lumber & Forest Products 12,090 11,682 408 3.5%
Petroleum Products 8,473 9,720 (1,247) (12.8%)
Food or Kindred Products 5,336 4,545 791 17.4%
Waste 3,262 3,961 (699) (17.6%)
Autos & Auto Parts 2,507 3,620 (1,113) (30.7%)
Metallic Ores 1,632 1,733 (101) (5.8%)
Intermodal 177 555 (378) (68.1%)
Other 8,437 6,539 1,898 29.0%
Total carloads 151,468 145,335 6,133 4.2%
 

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

                               
North American Operations:

QTD May
2014

QTD May
2013

Change

%
Change

Coal & Coke 58,998 52,105 6,893 13.2%
Agricultural Products 35,512 29,045 6,467 22.3%
Metals 33,126 30,444 2,682 8.8%
Minerals & Stone 32,516 30,405 2,111 6.9%
Pulp & Paper 28,796 27,463 1,333 4.9%
Chemicals & Plastics 28,708 29,308 (600) (2.0%)
Lumber & Forest Products 23,957 23,725 232 1.0%
Petroleum Products 16,975 19,444 (2,469) (12.7%)
Food or Kindred Products 10,470 9,220 1,250 13.6%
Waste 6,568 7,460 (892) (12.0%)
Autos & Auto Parts 4,851 6,677 (1,826) (27.3%)
Metallic Ores 3,545 3,448 97 2.8%
Intermodal 571 900 (329) (36.6%)
Other 18,744 12,777 5,967 46.7%
Total carloads 303,337 282,421 20,916 7.4%
 

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

                               
Australian Operations: May 2014 May 2013 Change

%
Change

Intermodal 5,721 5,602 119 2.1%
Agricultural Products 5,036 6,494 (1,458) (22.5%)
Metallic Ores 5,011 4,573 438 9.6%
Minerals & Stone 4,125 5,497 (1,372) (25.0%)
Petroleum Products 30 26 4 15.4%
Total carloads 19,923 22,192 (2,269) (10.2%)
 

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

                               
Australian Operations:

QTD May
2014

QTD May
2013

Change

%
Change

Agricultural Products 11,090 12,776 (1,686) (13.2%)
Intermodal 10,567 10,675 (108) (1.0%)
Metallic Ores 9,204 8,400 804 9.6%
Minerals & Stone 7,651 10,902 (3,251) (29.8%)
Petroleum Products 55 48 7 14.6%
Total carloads 38,567 42,801 (4,234) (9.9%)
 

Contacts

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

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Contacts

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