Company News »

Genesee & Wyoming Reports Traffic for October 2014

Business Wire
Share on StockTwits
Published on

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

G&W’s traffic in October 2014 was 174,765 carloads, an increase of 10,936 carloads, or 6.7%, compared with October 2013. G&W’s same-railroad traffic in October 2014 was 168,649 carloads, an increase of 4,820 carloads, or 2.9%, compared with October 2013.

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

Consolidated G&W

October
2014

October
2013

Change

%
Change

Coal & Coke 28,830 26,698 2,132 8.0%
Minerals & Stone 24,150 19,920 4,230 21.2%
Agricultural Products 20,304 18,774 1,530 8.1%
Metals 16,963 15,518 1,445 9.3%
Pulp & Paper 15,252 14,508 744 5.1%
Chemicals & Plastics 14,619 14,021 598 4.3%
Lumber & Forest Products 12,457 11,912 545 4.6%
Petroleum Products 9,576 9,008 568 6.3%
Metallic Ores 6,762 7,189 (427) (5.9%)
Food & Kindred Products 5,915 5,615 300 5.3%
Intermodal 5,848 6,923 (1,075) (15.5%)
Waste 3,647 4,224 (577) (13.7%)
Autos & Auto Parts 3,399 3,503 (104) (3.0%)
Other 7,043 6,016 1,027 17.1%
Total carloads 174,765 163,829 10,936 6.7%
Carloads from New Railroads(1) 6,116
Same-railroad carloads 168,649 163,829 4,820 2.9%

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 3,686 carloads of agricultural products traffic, 1,571 carloads of minerals & stone traffic, 625 carloads of chemicals & plastics traffic and 234 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 6,224 carloads, or 4.3%, primarily due to increased minerals & stone, coal & coke and metals traffic, partially offset by decreased agricultural products traffic.
  • Australian traffic decreased 1,404 carloads, or 7.8%, primarily due to decreased agricultural products and metallic ores traffic.
  • Minerals & stone traffic increased 2,659 carloads, or 13.3%, primarily due to increased shipments in G&W’s Ohio Valley, Central and Midwest regions.
  • Coal & coke traffic increased 2,132 carloads, or 8.0%, primarily due to increased steam coal shipments in G&W’s Midwest Region.
  • Metals traffic increased 1,393 carloads, or 9.0%, primarily due to increased shipments in G&W’s Southern and Ohio Valley regions.
  • Agricultural products traffic decreased 2,156 carloads, or 11.5%, primarily due to decreased shipments in G&W’s Ohio Valley and Australia regions.
  • All remaining traffic increased by a net 792 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 October 2014 and October 2013 by commodity group.

North American Operations:

October
2014

October
2013

Change

%
Change

Coal & Coke 28,830 26,698 2,132 8.0%
Minerals & Stone 19,646 15,392 4,254 27.6%
Agricultural Products 18,675 16,483 2,192 13.3%
Metals 16,963 15,518 1,445 9.3%
Pulp & Paper 15,252 14,508 744 5.1%
Chemicals & Plastics 14,619 14,021 598 4.3%
Lumber & Forest Products 12,457 11,912 545 4.6%
Petroleum Products 9,553 8,978 575 6.4%
Food & Kindred Products 5,915 5,615 300 5.3%
Waste 3,647 4,224 (577) (13.7%)
Autos & Auto Parts 3,399 3,503 (104) (3.0%)
Metallic Ores 1,903 1,844 59 3.2%
Intermodal 332 1,182 (850) (71.9%)
Other 7,043 6,016 1,027 17.1%
Total carloads 158,234 145,894 12,340 8.5%
Carloads from New Railroads(1) 6,116
Same-railroad carloads 152,118 145,894 6,224 4.3%

(1) Rapid City, Pierre & Eastern Railroad, Inc. contributed 3,686 carloads of agricultural products traffic, 1,571 carloads of minerals & stone traffic, 625 carloads of chemicals & plastics traffic and 234 carloads from all other commodities.

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

Australian Operations:

October
2014

October
2013

Change

%
Change

Intermodal 5,516 5,741 (225) (3.9%)
Metallic Ores 4,859 5,345 (486) (9.1%)
Minerals & Stone 4,504 4,528 (24) (0.5%)
Agricultural Products 1,629 2,291 (662) (28.9%)
Petroleum Products 23 30 (7) (23.3%)
Total carloads 16,531 17,935 (1,404) (7.8%)

Share on StockTwits