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Genesee & Wyoming Reports Traffic for February 2015

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

G&W’s traffic in February 2015 was 145,127 carloads, an increase of 2,325 carloads, or 1.6%, compared with February 2014. G&W’s same-railroad traffic in February 2015 was 137,816 carloads, a decrease of 4,986 carloads, or 3.5%, compared with February 2014.

G&W’s traffic in the first quarter of 2015 through February was 312,476 carloads, an increase of 13,090 carloads, or 4.4%, compared with the first quarter of 2014 through February. G&W’s same-railroad traffic in the first quarter of 2015 through February was 297,072 carloads, a decrease of 2,314 carloads, or 0.8%, compared with the first quarter of 2014 through February.

G&W’s traffic in February was weaker than the Company’s expectations primarily due to weakness in steam coal and metals traffic. In addition, extreme winter weather conditions in several of G&W’s North American regions, including the Northeast, Coastal and Central Regions, has adversely impacted traffic.

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

Consolidated G&W

February
2015

February
2014

Change % Change
Coal & Coke 23,813 26,565 (2,752) (10.4%)
Agricultural Products 23,171 19,437 3,734 19.2%
Minerals & Stone 18,036 14,882 3,154 21.2%
Chemicals & Plastics 13,875 12,403 1,472 11.9%
Pulp & Paper 12,891 13,104 (213) (1.6%)
Metals 10,210 12,845 (2,635) (20.5%)
Lumber & Forest Products 9,879 9,928 (49) (0.5%)
Petroleum Products 7,987 8,473 (486) (5.7%)
Metallic Ores 5,411 5,496 (85) (1.5%)
Food & Kindred Products 4,957 4,433 524 11.8%
Intermodal 4,517 5,220 (703) (13.5%)
Autos & Auto Parts 2,469 2,583 (114) (4.4%)
Waste 2,026 2,791 (765) (27.4%)
Other 5,885 4,642 1,243 26.8%
Total carloads 145,127 142,802 2,325 1.6%
Carloads from New Railroads(1) 7,311
Same-railroad carloads 137,816 142,802 (4,986) (3.5%)

(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 months include the Rapid City, Pierre & Eastern Railroad, Inc., the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad. These railroads contributed 3,061 carloads of agricultural products traffic, 2,396 carloads of minerals & stone traffic, 932 carloads of chemicals & plastics traffic, 370 carloads of lumber & forest products traffic and 552 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 decreased 4,059 carloads, or 3.3%, primarily due to decreases in metals and coal & coke traffic.
  • Australian traffic decreased 927 carloads, or 5.1%, primarily due to decreased metallic ores, intermodal and agricultural products traffic.
  • Metals traffic decreased 2,817 carloads, or 21.9%, primarily due to decreased shipments in G&W’s Southern, Northeast, Ohio Valley and Coastal regions.
  • Coal & coke traffic decreased 2,752 carloads, or 10.4%, primarily due to decreased shipments of steam coal in G&W’s Central, Northeast, Ohio Valley and Mountain West regions, partially offset by increased shipments in G&W’s Midwest Region.
  • All remaining traffic increased by a net 583 carloads.

The table below sets forth consolidated summary carload information for the first quarter of 2015 through February and the first quarter of 2014 through February by commodity group.

Consolidated G&W

QTD Feb
2015

QTD Feb
2014

Change % Change
Coal & Coke 54,825 55,536 (711) (1.3%)
Agricultural Products 47,364 41,771 5,593 13.4%
Minerals & Stone 39,114 31,116 7,998 25.7%
Chemicals & Plastics 29,384 26,099 3,285 12.6%
Pulp & Paper 28,119 27,877 242 0.9%
Metals 23,273 26,026 (2,753) (10.6%)
Lumber & Forest Products 20,830 20,901 (71) (0.3%)
Petroleum Products 17,568 18,652 (1,084) (5.8%)
Metallic Ores 11,243 12,177 (934) (7.7%)
Food & Kindred Products 10,261 9,000 1,261 14.0%
Intermodal 9,152 10,152 (1,000) (9.9%)
Autos & Auto Parts 4,759 5,111 (352) (6.9%)
Waste 4,590 5,948 (1,358) (22.8%)
Other 11,994 9,020 2,974 33.0%
Total carloads 312,476 299,386 13,090 4.4%
Carloads from New Railroads(1) 15,404
Same-railroad carloads 297,072 299,386 (2,314) (0.8%)

(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 month include the Rapid City, Pierre & Eastern Railroad, Inc., the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad. These railroads contributed 6,292 carloads of agricultural products traffic, 5,106 carloads of minerals & stone traffic, 2,066 carloads of chemicals & plastics traffic, 859 carloads of lumber & forest products traffic and 1,081 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 decreased 775 carloads, or 0.3%, primarily due to decreased metals traffic, partially offset by increased overhead Class 1 shipments.
  • Australian traffic decreased 1,539 carloads, or 4.2%, primarily due to decreased metallic ores and agricultural products traffic, partially offset by increased minerals & stone traffic.
  • Metals traffic decreased 3,088 carloads, or 11.9%, primarily due to decreased shipments in G&W’s Southern and Northeast regions.
  • G&W’s Other commodity group traffic increased 2,960 carloads, or 32.8%, primarily due to overhead Class 1 shipments.
  • Minerals & stone traffic increased 2,892 carloads, or 9.3%, primarily due to increased shipments across most G&W regions.
  • All remaining traffic decreased by a net 5,078 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, 5,200 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 February 2015 and February 2014 by commodity group.

North American Operations:

February
2015

February
2014

Change % Change
Coal & Coke 23,813 26,565 (2,752) (10.4%)
Agricultural Products 18,388 14,327 4,061 28.3%
Chemicals & Plastics 13,875 12,403 1,472 11.9%
Minerals & Stone 13,670 10,655 3,015 28.3%
Pulp & Paper 12,891 13,104 (213) (1.6%)
Metals 10,210 12,845 (2,635) (20.5%)
Lumber & Forest Products 9,879 9,928 (49) (0.5%)
Petroleum Products 7,966 8,449 (483) (5.7%)
Food & Kindred Products 4,957 4,433 524 11.8%
Autos & Auto Parts 2,469 2,583 (114) (4.4%)
Waste 2,026 2,791 (765) (27.4%)
Metallic Ores 1,962 1,660 302 18.2%
Intermodal 354 (354) (100.0%)
Other 5,885 4,642 1,243 26.8%
Total carloads 127,991 124,739 3,252 2.6%
Carloads from New Railroads(1) 7,311
Same-railroad carloads 120,680 124,739 (4,059) (3.3%)

(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 months include the Rapid City, Pierre & Eastern Railroad, Inc., the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad. These railroads contributed 3,061 carloads of agricultural products traffic, 2,396 carloads of minerals & stone traffic, 932 carloads of chemicals & plastics traffic, 370 carloads of lumber & forest products traffic and 552 carloads from all other commodities.

The table below sets forth North American carload information for the first quarter of 2015 through February and the first quarter of 2014 through February by commodity group.

North American Operations:

QTD Feb
2015

QTD Feb
2014

Change % Change
Coal & Coke 54,825 55,536 (711) (1.3%)
Agricultural Products 37,748 31,180 6,568 21.1%
Minerals & Stone 29,846 22,926 6,920 30.2%
Chemicals & Plastics 29,384 26,099 3,285 12.6%
Pulp & Paper 28,119 27,877 242 0.9%
Metals 23,273 26,026 (2,753) (10.6%)
Lumber & Forest Products 20,830 20,901 (71) (0.3%)
Petroleum Products 17,533 18,611 (1,078) (5.8%)
Food & Kindred Products 10,261 9,000 1,261 14.0%
Autos & Auto Parts 4,759 5,111 (352) (6.9%)
Waste 4,590 5,948 (1,358) (22.8%)
Metallic Ores 4,044 3,759 285 7.6%
Intermodal 583 (583) (100.0%)
Other 11,994 9,020 2,974 33.0%
Total carloads 277,206 262,577 14,629 5.6%
Carloads from New Railroads(1) 15,404
Same-railroad carloads 261,802 262,577 (775) (0.3%)

(1) Total carloads from rail operations commenced or acquired by G&W in the last 12 months include the Rapid City, Pierre & Eastern Railroad, Inc., the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad. These railroads contributed 6,292 carloads of agricultural products traffic, 5,106 carloads of minerals & stone traffic, 2,066 carloads of chemicals & plastics traffic, 859 carloads of lumber & forest products traffic and 1,081 carloads from all other commodities.

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

Australian Operations:

February
2015

February
2014

Change

%
Change

Agricultural Products 4,783 5,110 (327) (6.4%)
Intermodal 4,517 4,866 (349) (7.2%)
Minerals & Stone 4,366 4,227 139 3.3%
Metallic Ores 3,449 3,836 (387) (10.1%)
Petroleum Products 21 24 (3) (12.5%)
Total carloads 17,136 18,063 (927) (5.1%)

The table below sets forth Australian carload information for the first quarter of 2015 through February and the first quarter of 2014 through February by commodity group.

Australian Operations:

QTD Feb
2015

QTD Feb
2014

Change

%
Change

Agricultural Products 9,616 10,591 (975) (9.2%)
Minerals & Stone 9,268 8,190 1,078 13.2%
Intermodal 9,152 9,569 (417) (4.4%)
Metallic Ores 7,199 8,418 (1,219) (14.5%)
Petroleum Products 35 41 (6) (14.6%)
Total carloads 35,270 36,809 (1,539) (4.2%)

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