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%) | ||||||||||||||||||||||||||
Contacts:
Thomas D. Savage, 1-203-202-8900
Vice
President – Corporate Development & Treasurer
Web Site: http://www.gwrr.com