Genesee & Wyoming Inc. Reports Traffic for October 2012

  Genesee & Wyoming Inc. Reports Traffic for October 2012

Business Wire

GREENWICH, Conn. -- November 13, 2012

Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for
October 2012.

GWI’s traffic in October 2012 was 80,241 carloads, a decrease of 4,090
carloads, or 4.8 percent, compared with October 2011.

The table below sets forth consolidated carloading information for October
2012 and October 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          October      October     
                                  2012              2011              % Change
Consolidated:
Coal & Coke                       15,558            17,127            -9.2%
Minerals & Stone                  11,769            12,084            -2.6%
Pulp & Paper                      8,752             7,732             13.2%
Metals                            7,270             8,254             -11.9%
Lumber & Forest                   6,744             5,541             21.7%
Products
Intermodal*                       6,540             5,767             13.4%
Farm & Food Products              6,395             9,309             -31.3%
Chemicals & Plastics              5,530             5,236             5.6%
Metallic Ores**                   4,012             3,044             31.8%
Petroleum Products                3,035             2,579             17.7%
Autos & Auto Parts                861               812               6.0%
Other                             3,775             6,846             -44.9%
Total carloads                    80,241            84,331            -4.8%
                                                                      
* - Represents intermodal units
** - Includes carloads and intermodal units


Excluding 125 carloads from the Hilton & Albany Railroad, Inc. (HAL), which
commenced operations on January 1, 2012, and 1,249 carloads from the Columbus
& Chattahoochee Railroad, Inc. (CCH), which commenced operations on July 1,
2012, same-railroad traffic in October 2012 decreased 5,464 carloads, or 6.5
percent, compared with October 2011. GWI’s other commodity group traffic
decreased 3,071 carloads in October 2012 primarily due to no overhead coal
shipments in GWI’s Ohio Region. Farm & food products traffic decreased 3,014
carloads primarily due to reduced shipments in GWI’s Australia Region as a
result of an accelerated shipping schedule earlier in 2012, as well as a
mechanical failure at an export grain terminal in Adelaide, South Australia.
Coal & coke traffic decreased 1,569 carloads primarily due to reduced
shipments in GWI’s Ohio and Illinois Regions. Metals traffic decreased 1,045
carloads primarily due to reduced shipments in GWI’s Rail Link Region. These
decreases were partially offset by a 1,168 carload increase in lumber & forest
products traffic primarily due to increased shipments in GWI’s Oregon Region.
All remaining traffic increased by a net 2,067 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 544 carloads in October 2012.

RailAmerica, Inc. Acquisition and Carload Reporting

On October 1, 2012, GWI acquired RailAmerica, Inc. (RailAmerica), at which
time RailAmerica simultaneously deregistered its common stock and delisted
from the New York Stock Exchange. Immediately following the closing of the
acquisition, control of RailAmerica was placed into a voting trust with R.
Lawrence McCaffrey appointed as trustee. The trust will remain in effect until
the U.S. Surface Transportation Board (STB) issues its decision on GWI’s
application to control RailAmerica and its railroads, which decision could be
as early as the fourth quarter of 2012 or as late as the first quarter of
2013. For the pendency of the trust, GWI will account for its ownership of
RailAmerica under the equity method of accounting and RailAmerica will
continue to report its carloadings independent of those of GWI. RailAmerica’s
October 2012 carloadings press release is posted on RailAmerica’s website
www.railamerica.com.

Other

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, GWI operates the Tarcoola to Darwin rail
line, which links the Port of Darwin with the Australian interstate rail
network in South Australia. Operations currently include 66 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 23 ports in North America, Australia and Europe and
perform contract coal loading and railcar switching for industrial customers.

RailAmerica, Inc. owns and operates short line and regional freight railroads
in North America, operating a portfolio of 45 individual railroads with
approximately 7,500 miles of track in 28 U.S. states and three Canadian
provinces.

Exhibit

The table below sets forth North American carloading information for October
2012 and October 2011:


                            October      October     
                                  2012              2011              % Change
North America
Operations:
Coal & Coke                       15,558            17,127            -9.2%
Pulp & Paper                      8,752             7,732             13.2%
Metals                            7,270             8,254             -11.9%
Lumber & Forest                   6,744             5,541             21.7%
Products
Minerals & Stone                  6,311             7,439             -15.2%
Chemicals & Plastics              5,530             5,236             5.6%
Farm & Food Products              4,818             3,748             28.5%
Petroleum Products                3,001             2,538             18.2%
Metallic Ores                     1,091             1,083             0.7%
Autos & Auto Parts                861               812               6.0%
Intermodal*                       677               286               136.7%
Other                             3,775             6,846             -44.9%
Total carloads                    64,388            66,642            -3.4%
                                                                      
* - Represents intermodal units


The table below sets forth Australian carloading information for October 2012
and October 2011:


                            October      October     
                                  2012              2011              % Change
Australian
Operations:
Intermodal*                       5,863             5,481             7.0%
Minerals & Stone                  5,458             4,645             17.5%
Metallic Ores**                   2,921             1,961             49.0%
Farm & Food Products              1,577             5,561             -71.6%
Petroleum Products                34                41                -17.1%
Total carloads                    15,853            17,689            -10.4%
                                                                      
* - Represents intermodal units
** - Includes carloads and intermodal units


Contact:

Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-629-3722
Vice President – Corporate Development & Treasurer
http://www.gwrr.com
 
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