Genesee & Wyoming Reports Traffic for July 2014

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

G&W’s traffic in July 2014 was 177,186 carloads, an increase of 12,114 carloads, or 7.3%, compared with July 2013. G&W’s Consolidated same-railroad traffic in July 2014 was 171,814 carloads, an increase of 6,742 carloads, or 4.1%, compared with July 2013.

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

 
Consolidated G&W         July 2014         July 2013         Change        

%
Change

 
Coal & Coke 31,731 28,695 3,036         10.6 %
Minerals & Stone 24,390 19,743 4,647 23.5 %
Agricultural Products 23,763 21,487 2,276 10.6 %
Metals 16,170 15,974 196 1.2 %
Pulp & Paper 14,977 15,085 (108 ) (0.7 %)
Chemicals & Plastics 14,511 14,247 264 1.9 %
Lumber & Forest Products 11,636 10,927 709 6.5 %
Petroleum Products 9,277 8,301 976 11.8 %
Metallic Ores 6,849 6,900 (51 ) (0.7 %)
Intermodal 5,594 6,649 (1,055 ) (15.9 %)
Food or Kindred Products 5,221 4,368 853 19.5 %
Waste 3,492 4,024 (532 ) (13.2 %)
Autos & Auto Parts 2,934 2,648 286 10.8 %
Other 6,641 6,024 617   10.2 %
Total carloads 177,186 165,072 12,114   7.3 %
Carloads from New Railroads(1) 5,372
Same-railroad carloads 171,814 165,072 6,742   4.1 %
(1) Rapid City, Pierre & Eastern Railroad, Inc., contributed 3,280 carloads of agricultural products traffic, 1,254 carloads of minerals & stone traffic, 647 carloads of chemicals & plastics traffic and 191 carloads from all other commodities.
 

Same-railroad Highlights:

The following highlights relate to same-railroad traffic, excluding traffic from the Rapid City, Pierre & Eastern Railroad, which commenced operations on June 1, 2014.

  • North American traffic increased 8,527 carloads, or 5.9%, primarily due to increased minerals & stone and coal traffic.
  • Australian traffic decreased 1,785 carloads, or 8.2%, primarily due to decreased agricultural products and intermodal traffic.
  • Minerals & stone traffic increased 3,393 carloads, or 17.2%, primarily due to increased shipments in G&W’s Central, Ohio Valley, Northeast and Midwest regions.
  • Coal & coke traffic increased 3,036 carloads, or 10.6%, primarily due to increased shipments in G&W’s Midwest, Central, Northeast and Ohio Valley regions.
  • All remaining traffic increased by a net 313 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, 5,000 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 July 2014 and July 2013 by commodity group.

 
North American Operations:         July 2014         July 2013         Change        

%
Change

 
Coal & Coke 31,731 28,695 3,036 10.6 %
Minerals & Stone 19,583 14,990 4,593 30.6 %
Agricultural Products 18,866 15,648 3,218 20.6 %
Metals 16,170 15,974 196 1.2 %
Pulp & Paper 14,977 15,085 (108 ) (0.7 %)
Chemicals & Plastics 14,511 14,247 264 1.9 %
Lumber & Forest Products 11,636 10,927 709 6.5 %
Petroleum Products 9,251 8,270 981 11.9 %
Food or Kindred Products 5,221 4,368 853 19.5 %
Waste 3,492 4,024 (532 ) (13.2 %)
Autos & Auto Parts 2,934 2,648 286 10.8 %
Metallic Ores 1,863 1,647 216 13.1 %
Intermodal 385 815 (430 ) (52.8 %)
Other 6,641 6,024 617   10.2 %
Total carloads 157,261 143,362 13,899   9.7 %
Carloads from New Railroads(1) 5,372
Same-railroad carloads 151,889 143,362 8,527   5.9 %
(1) Rapid City, Pierre & Eastern Railroad, Inc., contributed 3,280 carloads of agricultural products traffic, 1,254 carloads of minerals & stone traffic, 647 carloads of chemicals & plastics traffic and 191 carloads from all other commodities.
 

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

 
Australian Operations:         July 2014         July 2013         Change        

%
Change

 
Intermodal 5,209 5,834 (625 ) (10.7 %)
Metallic Ores 4,986 5,253 (267 ) (5.1 %)
Agricultural Products 4,897 5,839 (942 ) (16.1 %)
Minerals & Stone 4,807 4,753 54 1.1 %
Petroleum Products 26 31 (5 ) (16.1 %)
Total carloads 19,925 21,710 (1,785 ) (8.2 %)
 

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 July 2014

Contacts

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