Genesee & Wyoming Reports Traffic for February 2013

GREENWICH, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for February 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 February 2013 was 140,200 carloads, an increase of 67,955 carloads, or 94.1%, compared to G&W’s traffic in February 2012, and an increase of 747 carloads, or 0.5%, compared to total February 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the first quarter of 2013 through February was 296,227 carloads, an increase of 151,095 carloads, or 104.1%, compared to G&W’s traffic in the first quarter of 2012 through February, and an increase of 14,189 carloads, or 5.0%, compared to total first quarter of 2012 through February carloads pro forma for the RA acquisition.

The tables below set forth consolidated summary carload information for February 2013 and February 2012:

		February 2012			% Change
Consolidated G&W	February 2013⁽¹⁾	G&W	RA	Pro Forma⁽²⁾	G&W	Pro Forma⁽²⁾
Coal & Coke	23,815	9,672	12,397	22,069	146.2%	7.9%
Agricultural Products	19,264	10,914	10,494	21,408	76.5%	-10.0%
Minerals & Stone	15,839	9,716	5,767	15,483	63.0%	2.3%
Metals	12,985	8,948	6,016	14,964	45.1%	-13.2%
Chemicals & Plastics	12,568	5,555	7,037	12,592	126.2%	-0.2%
Pulp & Paper	12,459	8,205	4,367	12,572	51.8%	-0.9%
Lumber & Forest Products	10,231	5,111	4,467	9,578	100.2%	6.8%
Petroleum Products	8,729	2,218	4,169	6,387	293.6%	36.7%
Intermodal	5,170	4,685	-	4,685	10.4%	10.4%
Metallic Ores	4,627	2,332	934	3,266	98.4%	41.7%
Food or Kindred Products	4,238	807	3,939	4,746	425.2%	-10.7%
Autos & Auto Parts	2,861	792	1,743	2,535	261.2%	12.9%
Waste	2,711	1,708	1,697	3,405	58.7%	-20.4%
Other	4,703	1,582	4,181	5,763	197.3%	-18.4%
Total carloads	140,200	72,245	67,208	139,453	94.1%	0.5%
Carloads from New Railroads⁽³⁾	2,759
Same-railroad carloads	137,441	72,245	67,208	139,453	90.2%	-1.4%

(1) Total carloads from G&W and RA

(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

(3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc.

Excluding 2,759 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic decreased 2,012 carloads, or 1.4%, compared to February 2012. Agricultural products traffic decreased 2,251 carloads primarily due to decreased shipments in G&W’s Canada region. Metals traffic decreased 2,054 carloads primarily due to decreased shipments in G&W’s Southern, Rail Link and Ohio Valley regions. Petroleum products traffic increased 2,208 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W’s Pacific, Mountain West and Canada regions. Coal & coke traffic increased 1,746 carloads primarily due to increased shipments in G&W’s Midwest, Mountain West and Northeast Regions, partially offset by a decline in G&W’s Central Region. All remaining traffic decreased by a net 1,661 carloads.

The tables below set forth consolidated summary carload information for the first quarter of 2013 through February and the first quarter of 2012 through February:

		QTD Feb 2012			% Change
Consolidated G&W	QTD Feb 2013⁽¹⁾	G&W	RA	Pro Forma⁽²⁾	G&W	Pro Forma⁽²⁾
Coal & Coke	51,182	22,808	24,739	47,547	124.4%	7.6%
Agricultural Products	40,712	20,033	22,057	42,090	103.2%	-3.3%
Minerals & Stone	32,342	19,818	11,641	31,459	63.2%	2.8%
Pulp & Paper	27,489	16,572	9,244	25,816	65.9%	6.5%
Metals	27,381	17,869	12,234	30,103	53.2%	-9.0%
Chemicals & Plastics	26,999	11,463	14,329	25,792	135.5%	4.7%
Lumber & Forest Products	21,500	10,394	8,438	18,832	106.9%	14.2%
Petroleum Products	18,594	4,291	8,610	12,901	333.3%	44.1%
Intermodal	10,533	8,213	-	8,213	28.2%	28.2%
Metallic Ores	9,704	4,063	1,904	5,967	138.8%	62.6%
Food or Kindred Products	8,711	1,578	8,007	9,585	452.0%	-9.1%
Waste	5,947	3,573	3,501	7,074	66.4%	-15.9%
Autos & Auto Parts	5,326	1,493	3,316	4,809	256.7%	10.8%
Other	9,807	2,964	8,886	11,850	230.9%	-17.2%
Total carloads	296,227	145,132	136,906	282,038	104.1%	5.0%
Carloads from New Railroads⁽³⁾	6,069
Same-railroad carloads	290,158	145,132	136,906	282,038	99.9%	2.9%

(1) Total carloads from G&W and RA

(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

Excluding 6,069 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 8,120 carloads, or 2.9%, compared with the first quarter of 2012 through February. The traffic increase was principally due to increases of 5,364 carloads of petroleum products traffic (primarily crude oil and liquid propane gases in G&W’s Pacific, Mountain West, Southern and Canada Regions), 3,737 carloads of metallic ores traffic (primarily G&W’s Australia Region) and 3,635 carloads of coal & coke traffic (primarily G&W’s Midwest Region), partially offset by a decrease of 2,905 carloads of metals traffic (primarily G&W’s Canada and Southern Regions). All remaining traffic decreased by a net 1,711 carloads.

Carload Reporting for RailAmerica Inc. Traffic

February 2012 and the first quarter of 2012 through February carloads from RailAmerica Inc. railroads include eliminations of 2,382 and 4,421 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 more than 15,000 miles of owned and leased track, 4,500 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 2013 and February 2012:

		February 2012			% Change
North American Operations:	February 2013⁽¹⁾	G&W	RA	Pro Forma⁽²⁾	G&W	Pro Forma⁽²⁾
Coal & Coke	23,815	9,672	12,397	22,069	146.2%	7.9%
Agricultural Products	14,060	5,302	10,494	15,796	165.2%	-11.0%
Metals	12,985	8,948	6,016	14,964	45.1%	-13.2%
Chemicals & Plastics	12,568	5,555	7,037	12,592	126.2%	-0.2%
Pulp & Paper	12,459	8,205	4,367	12,572	51.8%	-0.9%
Minerals & Stone	10,941	5,244	5,767	11,011	108.6%	-0.6%
Lumber & Forest Products	10,231	5,111	4,467	9,578	100.2%	6.8%
Petroleum Products	8,708	2,171	4,169	6,340	301.1%	37.4%
Food or Kindred Products	4,238	807	3,939	4,746	425.2%	-10.7%
Autos & Auto Parts	2,861	792	1,743	2,535	261.2%	12.9%
Waste	2,711	1,708	1,697	3,405	58.7%	-20.4%
Metallic Ores	1,463	814	934	1,748	79.7%	-16.3%
Intermodal	684	238	-	238	187.4%	187.4%
Other	4,703	1,582	4,181	5,763	197.3%	-18.4%
Total carloads	122,427	56,149	67,208	123,357	118.0%	-0.8%
Carloads from New Railroads⁽³⁾	2,759
Same-railroad carloads	119,668	56,149	67,208	123,357	113.1%	-3.0%

(1) Total carloads from G&W and RA

(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

The table below sets forth North American carloading information for the first quarter of 2013 through February and the first quarter of 2012 through February:

		QTD Feb 2012			% Change
North American Operations:	QTD Feb 2013⁽¹⁾	G&W	RA	Pro Forma⁽²⁾	G&W	Pro Forma⁽²⁾
Coal & Coke	51,182	22,808	24,739	47,547	124.4%	7.6%
Agricultural Products	31,062	9,505	22,057	31,562	226.8%	-1.6%
Pulp & Paper	27,489	16,572	9,244	25,816	65.9%	6.5%
Metals	27,381	17,869	12,234	30,103	53.2%	-9.0%
Chemicals & Plastics	26,999	11,463	14,329	25,792	135.5%	4.7%
Minerals & Stone	22,513	10,321	11,641	21,962	118.1%	2.5%
Lumber & Forest Products	21,500	10,394	8,438	18,832	106.9%	14.2%
Petroleum Products	18,553	4,207	8,610	12,817	341.0%	44.8%
Food or Kindred Products	8,711	1,578	8,007	9,585	452.0%	-9.1%
Waste	5,947	3,573	3,501	7,074	66.4%	-15.9%
Autos & Auto Parts	5,326	1,493	3,316	4,809	256.7%	10.8%
Metallic Ores	3,210	1,734	1,904	3,638	85.1%	-11.8%
Intermodal	1,180	408	-	408	189.2%	189.2%
Other	9,807	2,964	8,886	11,850	230.9%	-17.2%
Total carloads	260,860	114,889	136,906	251,795	127.1%	3.6%
Carloads from New Railroads⁽³⁾	6,069
Same-railroad carloads	254,791	114,889	136,906	251,795	121.8%	1.2%

(1) Total carloads from G&W and RA

(2) Pro forma as though GWI had acquired RailAmerica on January 1, 2012

The table below sets forth Australian carloading information for February 2013 and February 2012:

Australian Operations:	February 2013	February 2012	% Change
Agricultural Products	5,204	5,612	-7.3%
Minerals & Stone	4,898	4,472	9.5%
Intermodal	4,486	4,447	0.9%
Metallic Ores	3,164	1,518	108.4%
Petroleum Products	21	47	-55.3%
Total carloads	17,773	16,096	10.4%

The table below sets forth Australian carloading information for the first quarter of 2013 through February and the first quarter of 2012 through February:

Australian Operations:	QTD Feb 2013	QTD Feb 2012	% Change
Minerals & Stone	9,829	9,497	3.5%
Agricultural Products	9,650	10,528	-8.3%
Intermodal	9,353	7,805	19.8%
Metallic Ores	6,494	2,329	178.8%
Petroleum Products	41	84	-51.2%
Total carloads	35,367	30,243	16.9%

Genesee & Wyoming Reports Traffic for February 2013

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