Genesee & Wyoming Reports Traffic for February 2014

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for February 2014.

G&W’s traffic in February 2014 was 142,802 carloads, an increase of 2,602 carloads, or 1.9%, compared with February 2013. G&W’s traffic in the first quarter of 2014 through February was 299,386 carloads, an increase of 3,159 carloads, or 1.1%, compared with the first quarter of 2013 through February.

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

Consolidated G&W

February

2014

February

2013

Change

%

Change

Coal & Coke 26,565 23,815 2,750 11.5%
Agricultural Products 19,437 19,264 173 0.9%
Minerals & Stone 14,882 15,839 (957) (6.0%)
Pulp & Paper 13,104 12,459 645 5.2%
Metals 12,845 12,985 (140) (1.1%)
Chemicals & Plastics 12,403 12,568 (165) (1.3%)
Lumber & Forest Products 9,928 10,231 (303) (3.0%)
Petroleum Products 8,473 8,729 (256) (2.9%)
Metallic Ores 5,496 4,627 869 18.8%
Intermodal 5,220 5,170 50 1.0%
Food or Kindred Products 4,433 4,238 195 4.6%
Waste 2,791 2,711 80 3.0%
Autos & Auto Parts 2,583 2,861 (278) (9.7%)
Other 4,642 4,703 (61) (1.3%)
Total carloads 142,802 140,200 2,602 1.9%

Highlights:

  • North American traffic increased 2,312 carloads, or 1.9%, and was negatively affected by extreme winter weather at most of G&W’s North American regions. February 2014 carload traffic was weaker than the Company’s expectations and it remains to be seen how much traffic will be recovered in March 2014 assuming milder weather patterns.
  • Australian traffic increased 290 carloads, or 1.6%, primarily due to increased iron ore and intermodal shipments, partially offset by decreased minerals & stone traffic.
  • Coal & coke traffic increased 2,750 carloads, or 11.5%, 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.
  • Traffic in all other commodity groups decreased by a net 148 carloads.

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

Consolidated G&W

QTD Feb

2014

QTD Feb

2013

Change

%

Change

Coal & Coke 55,536 51,182 4,354 8.5%
Agricultural Products 41,771 40,712 1,059 2.6%
Minerals & Stone 31,116 32,342 (1,226) (3.8%)
Pulp & Paper 27,877 27,489 388 1.4%
Chemicals & Plastics 26,099 26,999 (900) (3.3%)

Metals

26,026 27,381 (1,355) (4.9%)
Lumber & Forest Products 20,901 21,500 (599) (2.8%)
Petroleum Products 18,652 18,594 58 0.3%
Metallic Ores 12,177 9,704 2,473 25.5%
Intermodal 10,152 10,533 (381) (3.6%)
Food or Kindred Products 9,000 8,711 289 3.3%
Waste 5,948 5,947 1 0.0%
Autos & Auto Parts 5,111 5,326 (215) (4.0%)
Other 9,020 9,807 (787) (8.0%)
Total carloads 299,386 296,227 3,159 1.1%

Highlights:

  • North American traffic increased 1,717 carloads, or 0.7%, and was negatively affected by severe winter weather at most of G&W’s North American regions in the first quarter of 2014 through February.
  • Australian traffic increased 1,442 carloads, or 4.1%, primarily due to increased iron ore and grain shipments, partially offset by decreased minerals & stone traffic.
  • Coal & coke traffic increased 4,354 carloads, or 8.5%, 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 2,473 carloads, or 25.5%, primarily due to increased iron ore shipments in G&W’s Australia Region.
  • Traffic in all other commodity groups decreased by a net 3,668 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 February 2014 and February 2013 by commodity group.

North American Operations:

February

2014

February

2013

Change

%

Change

Coal & Coke 26,565 23,815 2,750 11.5%
Agricultural Products 14,327 14,060 267 1.9%
Pulp & Paper 13,104 12,459 645 5.2%
Metals 12,845 12,985 (140) (1.1%)
Chemicals & Plastics 12,403 12,568 (165) (1.3%)
Minerals & Stone 10,655 10,941 (286) (2.6%)
Lumber & Forest Products 9,928 10,231 (303) (3.0%)
Petroleum Products 8,449 8,708 (259) (3.0%)
Food or Kindred Products 4,433 4,238 195 4.6%
Waste 2,791 2,711 80 3.0%
Autos & Auto Parts 2,583 2,861 (278) (9.7%)
Metallic Ores 1,660 1,463 197 13.5%
Intermodal 354 684 (330) (48.2%)
Other 4,642 4,703 (61) (1.3%)
Total carloads 124,739 122,427 2,312 1.9%

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

North American Operations:

QTD Feb

2014

QTD Feb

2013

Change

%

Change

Coal & Coke 55,536 51,182 4,354 8.5%
Agricultural Products 31,180 31,062 118 0.4%
Pulp & Paper 27,877 27,489 388 1.4%
Chemicals & Plastics 26,099 26,999 (900) (3.3%)
Metals 26,026 27,381 (1,355) (4.9%)
Minerals & Stone 22,926 22,513 413 1.8%
Lumber & Forest Products 20,901 21,500 (599) (2.8%)
Petroleum Products 18,611 18,553 58 0.3%
Food or Kindred Products 9,000 8,711 289 3.3%
Waste 5,948 5,947 1 0.0%
Autos & Auto Parts 5,111 5,326 (215) (4.0%)
Metallic Ores 3,759 3,210 549 17.1%
Intermodal 583 1,180 (597) (50.6%)
Other 9,020 9,807 (787) (8.0%)
Total carloads 262,577 260,860 1,717 0.7%

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

Australian Operations:

February

2014

February

2013

Change

%

Change

Agricultural Products 5,110 5,204 (94) (1.8%)
Intermodal 4,866 4,486 380 8.5%
Minerals & Stone 4,227 4,898 (671) (13.7%)
Metallic Ores 3,836 3,164 672 21.2%
Petroleum Products 24 21 3 14.3%
Total carloads 18,063 17,773 290 1.6%

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

Australian Operations:

QTD Feb

2014

QTD Feb

2013

Change% Change
Agricultural Products 10,591 9,650 941 9.8%
Intermodal 9,569 9,353 216 2.3%
Metallic Ores 8,418 6,494 1,924 29.6%
Minerals & Stone 8,190 9,829 (1,639) (16.7%)
Petroleum Products 41 41 - 0.0%
Total carloads 36,809 35,367 1,442 4.1%

Contacts:

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

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