Company News »

Genesee & Wyoming Reports Traffic for January 2015

Business Wire
Share on StockTwits
Published on

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for January 2015.

G&W’s traffic in January 2015 was 167,349 carloads, an increase of 10,765 carloads, or 6.9%, compared with January 2014. G&W’s same-railroad traffic in January 2015 was 159,256 carloads, an increase of 2,672 carloads, or 1.7%, compared with January 2014.

The table below sets forth consolidated summary carload information for January 2015 and January 2014 by commodity group.

Consolidated G&W

January

2015

January

2014

Change % Change
Coal & Coke 31,012 28,971 2,041 7.0%
Agricultural Products 24,193 22,334 1,859 8.3%
Minerals & Stone 21,078 16,234 4,844 29.8%
Chemicals & Plastics 15,509 13,696 1,813 13.2%
Pulp & Paper 15,228 14,773 455 3.1%
Metals 13,063 13,181 (118) (0.9%)
Lumber & Forest Products 10,951 10,973 (22) (0.2%)
Petroleum Products 9,581 10,179 (598) (5.9%)
Metallic Ores 5,832 6,681 (849) (12.7%)
Food & Kindred Products 5,304 4,567 737 16.1%
Intermodal 4,635 4,932 (297) (6.0%)
Waste 2,564 3,157 (593) (18.8%)
Autos & Auto Parts 2,290 2,528 (238) (9.4%)
Other 6,109 4,378 1,731 39.5%
Total carloads 167,349 156,584 10,765 6.9%
Carloads from New Railroads(1) 8,093
Same-railroad carloads 159,256 156,584 2,672 1.7%
(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 months, including the Rapid City, Pierre & Eastern Railroad, Inc., the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad. These railroads contributed 3,231 carloads of agricultural products traffic, 2,710 carloads of minerals & stone traffic, 1,134 carloads of chemicals & plastics traffic, 489 carloads of lumber & forest products traffic and 529 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 and the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad, which were acquired on January 5, 2015.

  • North American traffic increased 3,284 carloads, or 2.4%, primarily due to increased coal & coke traffic and increased overhead Class 1 shipments.
  • Australian traffic decreased 612 carloads, or 3.3%, primarily due to decreased metallic ores and agricultural products traffic, partially offset by increased minerals & stone traffic.
  • Minerals & stone traffic increased 2,134 carloads, or 13.1%, primarily due to increased shipments in G&W’s Australia, Coastal and Northeast regions.
  • Coal & coke traffic increased 2,041 carloads, or 7.0%, primarily due to increased steam coal shipments in G&W’s Midwest Region, partially offset by decreased shipments in G&W’s Mountain West Region.
  • G&W’s Other commodity group traffic increased 1,729 carloads, or 39.5%, primarily due to overhead Class 1 shipments.
  • Agricultural products traffic decreased 1,372 carloads, or 6.1%, primarily due to decreased shipments in G&W’s Midwest and Australia regions.
  • All remaining traffic decreased by a net 1,860 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 116 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 carload information for January 2015 and January 2014 by commodity group.

North American Operations:

January

2015

January

2014

Change % Change
Coal & Coke 31,012 28,971 2,041 7.0%
Agricultural Products 19,360 16,853 2,507 14.9%
Minerals & Stone 16,176 12,271 3,905 31.8%
Chemicals & Plastics 15,509 13,696 1,813 13.2%
Pulp & Paper 15,228 14,773 455 3.1%
Metals 13,063 13,181 (118) (0.9%)
Lumber & Forest Products 10,951 10,973 (22) (0.2%)
Petroleum Products 9,567 10,162 (595) (5.9%)
Food & Kindred Products 5,304 4,567 737 16.1%
Waste 2,564 3,157 (593) (18.8%)
Autos & Auto Parts 2,290 2,528 (238) (9.4%)
Metallic Ores 2,082 2,099 (17) (0.8%)
Intermodal 229 (229) (100.0%)
Other 6,109 4,378 1,731 39.5%
Total carloads 149,215 137,838 11,377 8.3%
Carloads from New Railroads(1) 8,093
Same-railroad carloads 141,122 137,838 3,284 2.4%
(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 months, including the Rapid City, Pierre & Eastern Railroad, Inc., the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad. These railroads contributed 3,231 carloads of agricultural products traffic, 2,710 carloads of minerals & stone traffic, 1,134 carloads of chemicals & plastics traffic, 489 carloads of lumber & forest products traffic and 529 carloads from all other commodities.

The table below sets forth Australian carload information for January 2015 and January 2014 by commodity group.

Australian Operations:

January

2015

January

2014

Change

%

Change

Minerals & Stone 4,902 3,963 939 23.7%
Agricultural Products 4,833 5,481 (648) (11.8%)
Intermodal 4,635 4,703 (68) (1.4%)
Metallic Ores 3,750 4,582 (832) (18.2%)
Petroleum Products 14 17 (3) (17.6%)
Total carloads 18,134 18,746 (612) (3.3%)

Share on StockTwits