GREENWICH, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for June 2012 and the second quarter of 2012.
GWI’s traffic in June 2012 was 76,153 carloads, a decrease of 8,846 carloads, or 10.4 percent, compared with June 2011. GWI’s traffic in the second quarter of 2012 was 232,315 carloads, a decrease of 17,193 carloads, or 6.9 percent, compared to the second quarter of 2011.
The table below sets forth consolidated carloading information for June 2012 and June 2011. Additional carload information for GWI’s North American and Australian operations is included as an exhibit to this press release.
| Genesee & Wyoming Inc. | |||||||||||||||
| by Commodity Group | June | June | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||||
| Consolidated: | |||||||||||||||
| Coal & Coke | 14,750 | 16,939 | -12.9% | ||||||||||||
| Minerals & Stone | 11,261 | 12,154 | -7.3% | ||||||||||||
| Farm & Food Products | 8,189 | 10,487 | -21.9% | ||||||||||||
| Pulp & Paper | 7,876 | 8,184 | -3.8% | ||||||||||||
| Metals | 6,902 | 6,834 | 1.0% | ||||||||||||
| Lumber & Forest Products | 6,083 | 5,891 | 3.3% | ||||||||||||
| Intermodal* | 5,818 | 4,796 | 21.3% | ||||||||||||
| Chemicals & Plastics | 5,565 | 4,845 | 14.9% | ||||||||||||
| Metallic Ores** | 3,510 | 2,994 | 17.2% | ||||||||||||
| Petroleum Products | 2,436 | 2,556 | -4.7% | ||||||||||||
| Autos & Auto Parts | 888 | 996 | -10.8% | ||||||||||||
| Other | 2,875 | 8,323 | -65.5% | ||||||||||||
| Total carloads | 76,153 | 84,999 | -10.4% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
| ** - Includes carloads and intermodal units | |||||||||||||||
Excluding 1,242 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011, and 121 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, same-railroad traffic in June 2012 decreased 10,209 carloads, or 12.0 percent, compared with June 2011. GWI’s other commodity group traffic decreased 5,448 carloads primarily due to no overhead coal shipments in GWI’s Ohio Region in June 2012. Farm & food products traffic decreased 2,370 carloads primarily due to decreased shipments in GWI’s Australia and Illinois Regions. The shipment decline in the Australia Region was primarily due to a maintenance outage at a customer’s terminal. The shipment decline in the Illinois Region was primarily due to elevated traffic in 2011 associated with carloads diverted around flooding in the Midwest. Coal & coke traffic decreased 2,189 carloads primarily due to lower shipments in GWI’s Illinois and New York/Pennsylvania Regions. These decreases were partially offset by a 1,022 unit increase in intermodal traffic primarily due to increased shipments in GWI’s Australia Region. All remaining traffic decreased by a net 1,224 carloads.
The table below sets forth consolidated carloading information for the second quarter of 2012 and the second quarter of 2011. Additional carload information for GWI’s North American and Australian operations is included as an exhibit to this press release.
| Genesee & Wyoming Inc. | |||||||||||||||
| by Commodity Group | 2nd Qtr | 2nd Qtr | |||||||||||||
| 2012 | 2011 | % Change | |||||||||||||
| Consolidated: | |||||||||||||||
| Coal & Coke | 39,697 | 47,531 | -16.5% | ||||||||||||
| Minerals & Stone | 35,403 | 35,330 | 0.2% | ||||||||||||
| Farm & Food Products | 28,299 | 32,315 | -12.4% | ||||||||||||
| Metals | 24,014 | 22,198 | 8.2% | ||||||||||||
| Pulp & Paper | 23,481 | 23,823 | -1.4% | ||||||||||||
| Lumber & Forest Products | 17,756 | 16,961 | 4.7% | ||||||||||||
| Intermodal* | 16,710 | 15,223 | 9.8% | ||||||||||||
| Chemicals & Plastics | 16,558 | 15,135 | 9.4% | ||||||||||||
| Metallic Ores** | 11,148 | 7,951 | 40.2% | ||||||||||||
| Petroleum Products | 7,449 | 7,041 | 5.8% | ||||||||||||
| Autos & Auto Parts | 2,546 | 2,881 | -11.6% | ||||||||||||
| Other | 9,254 | 23,119 | -60.0% | ||||||||||||
| Total carloads | 232,315 | 249,508 | -6.9% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
| ** - Includes carloads and intermodal units | |||||||||||||||
Excluding 3,843 carloads from AZER and 472 carloads from HAL, same-railroad traffic in the second quarter of 2012 decreased 21,508 carloads, or 8.6 percent, compared with the second quarter of 2011. The traffic decrease was principally due to decreases of 13,893 carloads of other commodity group traffic, 7,834 carloads of coal & coke traffic and 4,238 carloads of farm & food products traffic. All remaining traffic increased by a net 4,457 carloads.
Carload Reporting for Metallic Ores Traffic
Effective January 1, 2012, a portion of GWI’s metallic ores commodity group includes intermodal containers as a result of a change in rail logistics and equipment for a customer in GWI’s Australia Region. The impact of this change increased traffic by 460 carloads in June 2012 and 1,715 carloads in the second quarter of 2012.
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. 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 and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. In addition, we operate the Tarcoola to Darwin rail line, which links the Port of Darwin to the Australian interstate rail network in South Australia. Operations currently include 65 railroads organized in 10 regions, with more than 7,600 miles of owned and leased track and approximately 1,400 additional miles under track access arrangements. We provide rail service at 17 ports in North America and Europe and perform contract coal loading and railcar switching for industrial customers.
Exhibit
The table below sets forth North American carloading information for June 2012 and June 2011:
| June | June | ||||||||||||||
| 2012 | 2011 | % Change | |||||||||||||
| North America Operations: | |||||||||||||||
| Coal & Coke | 14,750 | 16,939 | -12.9% | ||||||||||||
| Pulp & Paper | 7,876 | 8,184 | -3.8% | ||||||||||||
| Metals | 6,902 | 6,834 | 1.0% | ||||||||||||
| Minerals & Stone | 6,098 | 7,191 | -15.2% | ||||||||||||
| Lumber & Forest Products | 6,083 | 5,891 | 3.3% | ||||||||||||
| Chemicals & Plastics | 5,565 | 4,845 | 14.9% | ||||||||||||
| Farm & Food Products | 3,665 | 4,484 | -18.3% | ||||||||||||
| Petroleum Products | 2,410 | 2,511 | -4.0% | ||||||||||||
| Metallic Ores | 953 | 796 | 19.7% | ||||||||||||
| Autos & Auto Parts | 888 | 996 | -10.8% | ||||||||||||
| Intermodal* | 530 | 143 | 270.6% | ||||||||||||
| Other | 2,875 | 8,323 | -65.5% | ||||||||||||
| Total carloads | 58,595 | 67,137 | -12.7% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
The table below sets forth North American carloading information for the second quarter of 2012 and the second quarter of 2011:
| 2nd Qtr | 2nd Qtr | ||||||||||||||
| 2012 | 2011 | % Change | |||||||||||||
| North America Operations: | |||||||||||||||
| Coal & Coke | 39,697 | 47,531 | -16.5% | ||||||||||||
| Metals | 24,014 | 22,198 | 8.2% | ||||||||||||
| Pulp & Paper | 23,481 | 23,823 | -1.4% | ||||||||||||
| Minerals & Stone | 19,444 | 20,127 | -3.4% | ||||||||||||
| Lumber & Forest Products | 17,756 | 16,961 | 4.7% | ||||||||||||
| Chemicals & Plastics | 16,558 | 15,135 | 9.4% | ||||||||||||
| Farm & Food Products | 11,991 | 13,881 | -13.6% | ||||||||||||
| Petroleum Products | 7,349 | 6,915 | 6.3% | ||||||||||||
| Metallic Ores | 2,883 | 2,096 | 37.5% | ||||||||||||
| Autos & Auto Parts | 2,546 | 2,881 | -11.6% | ||||||||||||
| Intermodal* | 1,624 | 1,010 | 60.8% | ||||||||||||
| Other | 9,254 | 23,119 | -60.0% | ||||||||||||
| Total carloads | 176,597 | 195,677 | -9.8% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
The table below sets forth Australian carloading information for June 2012 and June 2011:
| June | June | ||||||||||||||
| 2012 | 2011 | % Change | |||||||||||||
| Australian Operations: | |||||||||||||||
| Intermodal* | 5,288 | 4,653 | 13.6% | ||||||||||||
| Minerals & Stone | 5,163 | 4,963 | 4.0% | ||||||||||||
| Farm & Food Products | 4,524 | 6,003 | -24.6% | ||||||||||||
| Metallic Ores** | 2,557 | 2,198 | 16.3% | ||||||||||||
| Petroleum Products | 26 | 45 | -42.2% | ||||||||||||
| Total carloads | 17,558 | 17,862 | -1.7% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
| ** - Includes carloads and intermodal units | |||||||||||||||
The table below sets forth Australian carloading information for the second quarter of 2012 and the second quarter of 2011:
| 2nd Qtr | 2nd Qtr | ||||||||||||||
| 2012 | 2011 | % Change | |||||||||||||
| Australian Operations: | |||||||||||||||
| Farm & Food Products | 16,308 | 18,434 | -11.5% | ||||||||||||
| Minerals & Stone | 15,959 | 15,203 | 5.0% | ||||||||||||
| Intermodal* | 15,086 | 14,213 | 6.1% | ||||||||||||
| Metallic Ores** | 8,265 | 5,855 | 41.2% | ||||||||||||
| Petroleum Products | 100 | 126 | -20.6% | ||||||||||||
| Total carloads | 55,718 | 53,831 | 3.5% | ||||||||||||
| * - Represents intermodal units | |||||||||||||||
| ** - Includes carloads and intermodal units | |||||||||||||||