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Genesee & Wyoming Reports Traffic for June 2014 and the Second Quarter of 2014

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for June 2014 and the second quarter of 2014.

G&W’s traffic in June 2014 was 167,727 carloads, an increase of 11,970 carloads, or 7.7%, compared with June 2013. G&W’s same-railroad traffic in June 2014 was 163,019 carloads, an increase of 7,262 carloads, or 4.7%, compared with June 2013.

G&W’s traffic in the second quarter of 2014 was 509,631 carloads, an increase of 28,652 carloads, or 6.0%, compared with the second quarter of 2013. G&W’s same-railroad traffic in the second quarter of 2014 was 504,923 carloads, an increase of 23,944 carloads, or 5.0%, compared with the second quarter of 2013.

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

Consolidated G&W June 2014 June 2013 Change % Change
Coal & Coke 30,403 28,240 2,163 7.7%
Agricultural Products 22,384 19,666 2,718 13.8%
Minerals & Stone 22,299 19,412 2,887 14.9%
Metals 15,358 14,371 987 6.9%
Pulp & Paper 14,120 13,909 211 1.5%
Chemicals & Plastics 13,735 13,023 712 5.5%
Lumber & Forest Products 11,339 10,781 558 5.2%
Petroleum Products 7,958 8,798 (840) (9.5%)
Metallic Ores 7,091 5,531 1,560 28.2%
Intermodal 5,620 6,255 (635) (10.2%)
Food or Kindred Products 4,993 3,878 1,115 28.8%
Autos & Auto Parts 3,118 3,341 (223) (6.7%)
Waste 3,065 3,644 (579) (15.9%)
Other 6,244 4,908 1,336 27.2%
Total carloads 167,727 155,757 11,970 7.7%
Carloads from New Railroads(1) 4,708
Same-railroad carloads 163,019 155,757 7,262 4.7%

(1) Total carloads from the Rapid City, Pierre & Eastern Railroad, Inc., which commenced operations on June 1, 2014 and contributed 2,572 carloads of agricultural products traffic, 1,345 carloads of minerals & stone traffic, 565 carloads of chemicals & plastics traffic and 226 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 8,763 carloads, or 6.5%, primarily due to increased minerals & stone, coal and agricultural products traffic.
  • Australian traffic decreased 1,501 carloads, or 7.1%, primarily due to an expected decrease in agricultural products traffic. In addition, minerals & stone traffic declined due to a reduction in gypsum shipments and the previously announced closure of a customer facility. These declines were partially offset by increased metallic ores traffic primarily due to increased iron ore shipments.
  • Coal & coke traffic increased 2,163 carloads, or 7.7%, primarily due to increased steam coal shipments in G&W’s Midwest and Ohio Valley regions.
  • Metallic ores traffic increased 1,560, or 28.2%, primarily due to increased iron ore shipments in G&W’s Australia Region.
  • Minerals & stone traffic increased 1,542 carloads, or 7.9%, primarily due to increased shipments in G&W’s Northeast, Central and Rail Link regions, partially offset by decreased shipments in G&W’s Australia Region.
  • All remaining traffic increased by a net 1,997 carloads.

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

Consolidated G&W Q2 2014 Q2 2013 Change % Change
Coal & Coke 89,401 80,345 9,056 11.3%
Agricultural Products 68,986 61,487 7,499 12.2%
Minerals & Stone 62,466 60,719 1,747 2.9%
Metals 48,484 44,815 3,669 8.2%
Pulp & Paper 42,916 41,372 1,544 3.7%
Chemicals & Plastics 42,443 42,331 112 0.3%
Lumber & Forest Products 35,296 34,506 790 2.3%
Petroleum Products 24,988 28,290 (3,302) (11.7%)
Metallic Ores 19,840 17,379 2,461 14.2%
Intermodal 16,758 17,830 (1,072) (6.0%)
Food or Kindred Products 15,463 13,098 2,365 18.1%
Waste 9,633 11,104 (1,471) (13.2%)
Autos & Auto Parts 7,969 10,018 (2,049) (20.5%)
Other 24,988 17,685 7,303 41.3%
Total carloads 509,631 480,979 28,652 6.0%
Carloads from New Railroads(1) 4,708
Same-railroad carloads 504,923 480,979 23,944 5.0%

(1) Total carloads from the Rapid City, Pierre & Eastern Railroad, Inc., which commenced operations on June 1, 2014 and contributed 2,572 carloads of agricultural products traffic, 1,345 carloads of minerals & stone traffic, 565 carloads of chemicals & plastics traffic and 226 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 29,679 carloads, or 7.1%, primarily due to increased coal, agricultural products, overhead Class 1, minerals & stone and metals traffic, partially offset by decreased petroleum products traffic.
  • Australian traffic decreased 5,735 carloads, or 9.0%, primarily due to reduced minerals & stone shipments resulting from lower shipments of gypsum and the previously announced closure of a customer facility, as well as an expected decrease in agricultural products traffic. These declines were partially offset by increased metallic ores traffic primarily due to increased iron ore shipments.
  • Coal & coke traffic increased 9,056 carloads, or 11.3%, 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 and Central regions.
  • G&W’s Other commodity group traffic increased 7,286 carloads, or 41.2%, primarily due to overhead Class 1 shipments.
  • Agricultural products traffic increased 4,927 carloads, or 8.0%, primarily due to increased shipments in G&W’s Pacific, Canada, Ohio Valley and Central regions, partially offset by decreased shipments in G&W’s Australia Region.
  • Metals traffic increased 3,601 carloads, or 8.0%, primarily due to increased shipments in G&W’s Northeast and Canada regions.
  • Petroleum products traffic decreased 3,302 carloads, or 11.7%, primarily due to decreased shipments of crude oil in G&W’s Southern and Canada regions, as well as decreased shipments of liquid petroleum gases in G&W’s Mountain West and Pacific regions.
  • All remaining traffic increased by a net 2,376 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 June 2014 and June 2013 by commodity group.

North American Operations: June 2014 June 2013 Change

%
Change

Coal & Coke 30,403 28,240 2,163 7.7%
Minerals & Stone 18,068 13,871 4,197 30.3%
Agricultural Products 17,800 13,720 4,080 29.7%
Metals 15,358 14,371 987 6.9%
Pulp & Paper 14,120 13,909 211 1.5%
Chemicals & Plastics 13,735 13,023 712 5.5%
Lumber & Forest Products 11,339 10,781 558 5.2%
Petroleum Products 7,937 8,767 (830) (9.5%)
Food or Kindred Products 4,993 3,878 1,115 28.8%
Autos & Auto Parts 3,118 3,341 (223) (6.7%)
Waste 3,065 3,644 (579) (15.9%)
Metallic Ores 1,742 1,596 146 9.1%
Intermodal 234 636 (402) (63.2%)
Other 6,244 4,908 1,336 27.2%
Total carloads 148,156 134,685 13,471 10.0%
Carloads from New Railroads(1) 4,708
Same-railroad carloads 143,448 134,685 8,763 6.5%

(1) Total carloads from the Rapid City, Pierre & Eastern Railroad, Inc., which commenced operations on June 1, 2014 and contributed 2,572 carloads of agricultural products traffic, 1,345 carloads of minerals & stone traffic, 565 carloads of chemicals & plastics traffic and 226 carloads from all other commodities.

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

North American Operations: Q2 2014 Q2 2013 Change

%
Change

Coal & Coke 89,401 80,345 9,056 11.3%
Agricultural Products 53,312 42,765 10,547 24.7%
Minerals & Stone 50,584 44,276 6,308 14.2%
Metals 48,484 44,815 3,669 8.2%
Pulp & Paper 42,916 41,372 1,544 3.7%
Chemicals & Plastics 42,443 42,331 112 0.3%
Lumber & Forest Products 35,296 34,506 790 2.3%
Petroleum Products 24,912 28,211 (3,299) (11.7%)
Food or Kindred Products 15,463 13,098 2,365 18.1%
Waste 9,633 11,104 (1,471) (13.2%)
Autos & Auto Parts 7,969 10,018 (2,049) (20.5%)
Metallic Ores 5,287 5,044 243 4.8%
Intermodal 805 1,536 (731) (47.6%)
Other 24,988 17,685 7,303 41.3%
Total carloads 451,493 417,106 34,387 8.2%
Carloads from New Railroads(1) 4,708
Same-railroad carloads 446,785 417,106 29,679 7.1%

(1) Total carloads from the Rapid City, Pierre & Eastern Railroad, Inc., which commenced operations on June 1, 2014 and contributed 2,572 carloads of agricultural products traffic, 1,345 carloads of minerals & stone traffic, 565 carloads of chemicals & plastics traffic and 226 carloads from all other commodities.

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

Australian Operations: June 2014 June 2013 Change

%
Change

Intermodal 5,386 5,619 (233) (4.1%)
Metallic Ores 5,349 3,935 1,414 35.9%
Agricultural Products 4,584 5,946 (1,362) (22.9%)
Minerals & Stone 4,231 5,541 (1,310) (23.6%)
Petroleum Products 21 31 (10) (32.3%)
Total carloads 19,571 21,072 (1,501) (7.1%)

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

Australian Operations: Q2 2014 Q2 2013 Change

%
Change

Intermodal 15,953 16,294 (341) (2.1%)
Agricultural Products 15,674 18,722 (3,048) (16.3%)
Metallic Ores 14,553 12,335 2,218 18.0%
Minerals & Stone 11,882 16,443 (4,561) (27.7%)
Petroleum Products 76 79 (3) (3.8%)
Total carloads 58,138 63,873 (5,735) (9.0%)

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

Source: Genesee & Wyoming Inc.

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