GREENWICH, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for December 2010 and the fourth quarter of 2010.
GWI’s traffic in December 2010 was 80,448 carloads, an increase of 18,389 carloads, or 29.6 percent, compared with December 2009. GWI's traffic in the fourth quarter of 2010 was 224,970 carloads, an increase of 36,533 carloads, or 19.4 percent, compared with the fourth quarter of 2010.
The table below sets forth consolidated carloading information for December 2010 and December 2009. Additional carload information for our North American and Australian operations is included as exhibits to this press release.
| Genesee & Wyoming Inc. | |||||||||||||||
| Continuing Operations | |||||||||||||||
| by Commodity Group | December | December | |||||||||||||
| 2010 | 2009 | % Change | |||||||||||||
| Consolidated: | |||||||||||||||
| Coal & Coke | 19,173 | 15,810 | 21.3% | ||||||||||||
| Minerals & Stone | 9,879 | 8,684 | 13.8% | ||||||||||||
| Farm & Food Products | 9,796 | 6,563 | 49.3% | ||||||||||||
| Pulp & Paper | 8,150 | 7,559 | 7.8% | ||||||||||||
| Intermodal* | 5,947 | 191 |
NM |
||||||||||||
| Lumber & Forest Products | 5,135 | 4,497 | 14.2% | ||||||||||||
| Chemicals & Plastics | 4,890 | 4,000 | 22.3% | ||||||||||||
| Metals | 4,816 | 4,463 | 7.9% | ||||||||||||
| Metallic Ores | 2,694 | 694 | 288.2% | ||||||||||||
| Petroleum Products | 2,556 | 2,786 | -8.3% | ||||||||||||
| Autos & Auto Parts | 608 | 726 | -16.3% | ||||||||||||
| Other | 6,804 | 6,086 | 11.8% | ||||||||||||
| Total carloads | 80,448 | 62,059 | 29.6% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
Excluding 7,488 carloads from the FreightLink acquisition which closed December 1, 2010, same-railroad traffic in December 2010 increased 10,901 carloads, or 17.6 percent, compared with December 2009. The increase was principally due to a 3,363 carload increase in coal & coke traffic, primarily in GWI’s Illinois Region, and a 3,233 carload increase in farm & food products, primarily in GWI’s Australia Region. All remaining traffic increased by a net 4,305 carloads.
The table below sets forth consolidated carloading information for the fourth quarter of 2010 and the fourth quarter of 2009. Additional carload information for our North American and Australian operations is included as exhibits to this press release.
| Genesee & Wyoming Inc. | |||||||||||||||
| Continuing Operations | |||||||||||||||
| by Commodity Group | 4th Qtr | 4th Qtr | |||||||||||||
| 2010 | 2009 | % Change | |||||||||||||
| Consolidated: | |||||||||||||||
| Coal & Coke | 56,099 | 46,839 | 19.8% | ||||||||||||
| Minerals & Stone | 31,217 | 30,852 | 1.2% | ||||||||||||
| Farm & Food Products | 27,137 | 17,628 | 53.9% | ||||||||||||
| Pulp & Paper | 23,153 | 20,869 | 10.9% | ||||||||||||
| Metals | 15,384 | 14,532 | 5.9% | ||||||||||||
| Lumber & Forest Products | 15,004 | 14,518 | 3.3% | ||||||||||||
| Chemicals & Plastics | 14,643 | 12,079 | 21.2% | ||||||||||||
| Petroleum Products | 7,700 | 7,233 | 6.5% | ||||||||||||
| Intermodal* | 6,487 | 1,253 | 417.7% | ||||||||||||
| Metallic Ores | 4,550 | 2,062 | 120.7% | ||||||||||||
| Autos & Auto Parts | 2,431 | 2,352 | 3.4% | ||||||||||||
| Other | 21,165 | 18,220 | 16.2% | ||||||||||||
| Total carloads | 224,970 | 188,437 | 19.4% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
Excluding 7,488 carloads from the FreightLink acquisition in Australia, same-railroad traffic in the fourth quarter of 2010 increased 29,045 carloads, or 15.4 percent, compared with the fourth quarter of 2009. The traffic increase was principally due to increases of 9,509 carloads of farm & food products traffic and 9,260 carloads of coal & coke traffic. All remaining traffic increased by a net 10,276 carloads.
Historically, GWI 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. Beginning with this press release and since acquiring the assets of FreightLink on December 1, 2010, GWI is reporting two new commodity groups, Intermodal and Metallic Ores. Intermodal units included in freight revenues are reported consistent with the Association of American Railroads (AAR) convention. Previously, Intermodal traffic was reported on a carload basis and included in the Other commodity group. Metallic Ores traffic had previously been included in the Coal, Coke & Ores, Minerals & Stone and Metals commodity groups. 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.
GWI owns and operates short line and regional freight railroads in the United States, Canada, Australia and the Netherlands. Operations currently include 63 railroads organized in nine regions, with approximately 7,400 miles of owned and leased track and approximately 2,000 additional miles under track access arrangements. GWI provides rail service at 16 ports in North America and Europe and performs contract coal loading and railcar switching for industrial customers.
The table below sets forth North American carloading information for December 2010 and December 2009:
| December | December | ||||||||||||||
| 2010 | 2009 | % Change | |||||||||||||
| North America Operations: | |||||||||||||||
| Coal & Coke | 19,173 | 15,810 | 21.3% | ||||||||||||
| Pulp & Paper | 8,150 | 7,559 | 7.8% | ||||||||||||
| Lumber & Forest Products | 5,135 | 4,497 | 14.2% | ||||||||||||
| Chemicals & Plastics | 4,890 | 4,000 | 22.3% | ||||||||||||
| Metals | 4,816 | 4,463 | 7.9% | ||||||||||||
| Minerals & Stone | 4,525 | 4,352 | 4.0% | ||||||||||||
| Farm & Food Products | 4,406 | 4,356 | 1.1% | ||||||||||||
| Petroleum Products | 2,521 | 2,786 | -9.5% | ||||||||||||
| Metallic Ores | 947 | 694 | 36.5% | ||||||||||||
| Autos & Auto Parts | 608 | 726 | -16.3% | ||||||||||||
| Intermodal* | 241 | 191 | 26.2% | ||||||||||||
| Other | 6,804 | 6,086 | 11.8% | ||||||||||||
| Total carloads | 62,216 | 55,520 | 12.1% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
The table below sets forth North American carloading information for the fourth quarter of 2010 and the fourth quarter of 2009:
| 4th Qtr | 4th Qtr | ||||||||||||||
| 2010 | 2009 | % Change | |||||||||||||
| North America Operations: | |||||||||||||||
| Coal & Coke | 56,099 | 46,839 | 19.8% | ||||||||||||
| Pulp & Paper | 23,153 | 20,869 | 10.9% | ||||||||||||
| Metals | 15,384 | 14,532 | 5.9% | ||||||||||||
| Minerals & Stone | 15,103 | 16,027 | -5.8% | ||||||||||||
| Lumber & Forest Products | 15,004 | 14,518 | 3.3% | ||||||||||||
| Chemicals & Plastics | 14,643 | 12,079 | 21.2% | ||||||||||||
| Farm & Food Products | 13,600 | 12,107 | 12.3% | ||||||||||||
| Petroleum Products | 7,665 | 7,233 | 6.0% | ||||||||||||
| Metallic Ores | 2,803 | 2,062 | 35.9% | ||||||||||||
| Autos & Auto Parts | 2,431 | 2,352 | 3.4% | ||||||||||||
| Intermodal* | 781 | 1,253 | -37.7% | ||||||||||||
| Other | 21,165 | 18,220 | 16.2% | ||||||||||||
| Total carloads | 187,831 | 168,091 | 11.7% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
The table below sets forth Australian carloading information for December 2010 and December 2009:
| December | December | ||||||||||||||
| 2010 | 2009 | % Change | |||||||||||||
| Australian Operations: | |||||||||||||||
| Intermodal* | 5,706 | - |
NM |
||||||||||||
| Farm & Food Products | 5,390 | 2,207 | 144.2% | ||||||||||||
| Minerals & Stone | 5,354 | 4,332 | 23.6% | ||||||||||||
| Metallic Ores | 1,747 | - |
NM |
||||||||||||
| Petroleum Products | 35 | - |
NM |
||||||||||||
| Total carloads | 18,232 | 6,539 | 178.8% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
The table below sets forth Australian carloading information for the fourth quarter of 2010 and the fourth quarter of 2009:
| 4th Qtr | 4th Qtr | ||||||||||||||
| 2010 | 2009 | % Change | |||||||||||||
| Australian Operations: | |||||||||||||||
| Minerals & Stone | 16,114 | 14,825 | 8.7% | ||||||||||||
| Farm & Food Products | 13,537 | 5,521 | 145.2% | ||||||||||||
| Intermodal* | 5,706 | - |
NM |
||||||||||||
| Metallic Ores | 1,747 | - |
NM |
||||||||||||
| Petroleum Products | 35 | - |
NM |
||||||||||||
| Total carloads | 37,139 | 20,346 | 82.5% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||