Genesee & Wyoming Reports Traffic for October 2015

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Genesee & Wyoming Reports Traffic for October 2015

<location value="LU/us.ct.darien" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">DARIEN, Conn.</location>--(BUSINESS WIRE)--Nov. 11, 2015-- <org value="NYSE:GWR" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">Genesee & Wyoming Inc.</org> (G&W) (NYSE:GWR) today reported traffic volumes for <chron style="font-family: Arial, sans-serif;">October 2015</chron>.
Based on G&W’s significant increase in operations in the U.K. and continental Europe resulting from the acquisition of the <location value="LU/gb.eng.london" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">London</location>-based <org style="font-family: Arial, sans-serif;">Freightliner Group Limited</org> (Freightliner) in <chron style="font-family: Arial, sans-serif;">March 2015</chron>, G&W is now presenting traffic information in three reportable segments: North American Operations, Australian Operations and U.K./European Operations.
Historically, G&W has found that traffic information may be indicative of freight revenues on its railroads. Freight revenues are revenues for which G&W is paid on a per car, per container or per ton basis to move freight. Activities such as railcar switching, port terminal shunting, traction services and other similar freight-related services are excluded from our traffic information as the resulting revenues are not classified as freight revenue. Traffic information may not be indicative of total operating revenues, operating expenses, income from operations or net income.
G&W’s three reportable segments are summarized as follows:

The North American Operations segment is comprised of nine operating regions in the U.S. and <location value="LC/ca;LB/nam" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">Canada</location>. This segment represents approximately 57% of G&W’s total operating revenues and approximately 75% of G&W’s total income from operations.
The Australian Operations segment is comprised of G&W’s existing operations in <location value="LC/au;LB/anz" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">Australia</location> and the newly-acquired Freightliner Australia operations. This segment represents approximately 12% of G&W’s total operating revenues and approximately 14% of G&W’s total income from operations. Revenues from Freightliner’s <location value="LC/au;LB/anz" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">Australia</location> operations are not reported as freight revenues and therefore are not included in this traffic report.
The <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">U.K.</location>/European Operations segment is comprised of Freightliner’s operations in the <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">U.K.</location> and continental <location value="LR/eur" idsrc="xmltag.org" style="font-family: Arial, sans-serif;">Europe</location> and G&W’s existing European port shunting operations. This segment represents approximately 31% of G&W’s total operating revenues and approximately 11% of G&W’s total income from operations. G&W’s existing European port shunting operations are not reported as freight revenues and therefore are not included in this traffic report. As a result, there is no traffic information provided for the comparative period in the prior year for this segment.

<chron>October 2015</chron> Traffic
G&W’s traffic in <chron>October 2015</chron> was 258,284 carloads, an increase of 83,519 carloads, or 47.8%, compared with <chron>October 2014</chron>. G&W’s same-railroad traffic in <chron>October 2015</chron> was 149,007 carloads, a decrease of 25,758 carloads, or 14.7%, compared with <chron>October 2014</chron>. The term carload represents physical railcars and estimated railcar equivalents of commodities for which G&W is paid on a metric ton or other measure to move freight, as well as intermodal units.
The table below sets forth summary total carloads by segment for <chron>October 2015</chron> and <chron>October 2014</chron>.


Segment	October 2015	October 2014	Change	% Change
North American Operations	137,632	158,234	(20,602)	(13.0%)
Australian Operations	13,799	16,531	(2,732)	(16.5%)
U.K./European Operations[SUP](1)[/SUP]	106,853	n/a	n/a	n/a
Total G&W Operations	258,284	174,765	83,519	47.8%

(1) Operations from the Freightliner Group acquired on March 25, 2015

<chron>October 2015</chron> Highlights by Segment

North American Operations: Traffic in <chron>October 2015</chron> was 137,632 carloads, a decrease of 13.0% compared with <chron>October 2014</chron>. On a same-railroad basis, traffic declined 23,026 carloads, or 14.6%. The decrease was primarily due to reduced shipments of coal & coke, metals and autos & auto parts.
Australian Operations: Traffic in <chron>October 2015</chron> was 13,799 carloads, a decrease of 16.5% compared with <chron>October 2014</chron>. The decrease was primarily due to reduced metallic ores shipments from previously announced closures of customer iron ore mines.
<location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org">U.K.</location>/European Operations: Traffic was 106,853 carloads in <chron>October 2015</chron>. Traffic in <chron>October 2015</chron> was led by intermodal traffic in the <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org">U.K.</location> and continental <location value="LR/eur" idsrc="xmltag.org">Europe</location> as well as minerals & stone traffic in <location value="LC/pl;LB/eeur" idsrc="xmltag.org">Poland</location> and the <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org">U.K.</location>

The table below sets forth North American Operations carload information for <chron>October 2015</chron> and <chron>October 2014</chron> by commodity group.


North American Operations:	October 2015	October 2014	Change	% Change
Agricultural Products	19,090	18,675	415	2.2%
Autos & Auto Parts	1,856	3,399	(1,543)	(45.4%)
Chemicals & Plastics	15,092	14,619	473	3.2%
Coal & Coke	19,323	28,830	(9,507)	(33.0%)
Food & Kindred Products	5,436	5,915	(479)	(8.1%)
Intermodal	23	332	(309)	(93.1%)
Lumber & Forest Products	12,262	12,457	(195)	(1.6%)
Metallic Ores	1,939	1,903	36	1.9%
Metals	9,940	16,963	(7,023)	(41.4%)
Minerals & Stone	19,712	19,646	66	0.3%
Petroleum Products	8,590	9,553	(963)	(10.1%)
Pulp & Paper	14,130	15,252	(1,122)	(7.4%)
Waste	3,644	3,647	(3)	(0.1%)
Other	6,595	7,043	(448)	(6.4%)
Total carloads	137,632	158,234	(20,602)	(13.0%)
Carloads from New Railroads[SUP](1)[/SUP]	2,424
Same-railroad carloads	135,208	158,234	(23,026)	(14.6%)

(1) Total carloads from North American rail operations commenced or acquired by G&W in the last 12 months, including the <org>Arkansas Midland Railroad</org>, the <org>Prescott & Northwestern Railroad</org> and the <org>Warren & Saline River Railroad</org>. These railroads contributed 1,078 carloads of minerals & stone traffic, 498 carloads of lumber & forest products traffic, 422 carloads of chemicals & plastics traffic and 426 carloads from all other commodities.
The following highlights relate to North American same-railroad traffic, excluding traffic from the <org>Arkansas Midland Railroad</org>, the <org>Prescott & Northwestern Railroad</org> and the <org>Warren & Saline River Railroad</org>, which were acquired on <chron>January 5, 2015</chron>.

North American Operations traffic decreased 23,026 carloads, or 14.6%, primarily due to reduced shipments of coal & coke, metals and autos & auto parts.
Coal & coke traffic decreased 9,507 carloads, or 33.0%, primarily due to decreased shipments in G&W’s Midwest, <location>Ohio Valley</location>, Mountain West and Central regions.
Metals traffic decreased 7,116 carloads, or 42.0%, primarily due to decreased shipments in G&W’s Southern, <location>Ohio Valley</location> and Northeast regions.
Autos & auto parts traffic decreased 1,543 carloads, or 45.4%, primarily due to decreased shipments in G&W’s Pacific and <location>Ohio Valley</location> regions.
All remaining traffic decreased by a net 4,860 carloads.

The table below sets forth Australian Operations carload information for <chron>October 2015</chron> and <chron>October 2014</chron> by commodity group.


Australian Operations:	October 2015	October 2014	Change	% Change
Agricultural Products	1,626	1,629	(3)	(0.2%)
Intermodal	5,067	5,516	(449)	(8.1%)
Metallic Ores	1,667	4,859	(3,192)	(65.7%)
Minerals & Stone	5,413	4,504	909	20.2%
Petroleum Products	26	23	3	13.0%
Total carloads	13,799	16,531	(2,732)	(16.5%)

The decrease in Australian Operations traffic was primarily due to reduced metallic ores shipments from previously announced closures of customer iron ore mines.
The table below sets forth <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org">U.K.</location>/European Operations carload information for <chron>October 2015</chron> by commodity group.


U.K./European Operations:					October 2015
Agricultural Products					40
Coal & Coke					5,180
Intermodal					83,095
Minerals & Stone					17,463
Other					1,075
Total carloads					106,853

Traffic volumes in the <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org">U.K.</location>/European operating segment include operations from Freightliner. G&W’s existing European operations are not reported as freight revenues and therefore are not included in this traffic report. As a result, there is no traffic information provided for the comparative period in the prior year for this segment.
About G&W
<org value="NYSE:GWR" idsrc="xmltag.org">Genesee & Wyoming</org> owns or leases 120 freight railroads worldwide that are organized in 11 operating regions with 7,500 employees and more than 2,500 customers.

G&W’s nine North American regions serve 41 U.S. states and four Canadian provinces and include 113 short line and regional freight railroads with more than 13,000 track-miles.
G&W’s <location value="LC/au;LB/anz" idsrc="xmltag.org">Australia</location> Region provides rail freight services in <location value="LU/au..nwswls" idsrc="xmltag.org">New South Wales</location>, the Northern Territory and <location value="LC/au;LB/anz" idsrc="xmltag.org">South Australia</location> and operates the 1,400-mile Tarcoola-to-Darwin rail line.
G&W’s <location value="LC/gb;LB/neur;LC/uk" idsrc="xmltag.org">U.K.</location>/<location value="LR/eur" idsrc="xmltag.org">Europe Region</location> is led by Freightliner, the U.K.’s largest rail maritime intermodal operator and second-largest rail freight company. Operations also include heavy-haul in <location value="LC/pl;LB/eeur" idsrc="xmltag.org">Poland</location> and <location value="LC/de;LB/weur" idsrc="xmltag.org">Germany</location> and cross-border intermodal services connecting Northern European seaports with key industrial regions throughout the continent.

G&W subsidiaries provide rail service at more than 40 major ports in <location value="LB/nam" idsrc="xmltag.org">North America</location>, <location value="LC/au;LB/anz" idsrc="xmltag.org">Australia</location> and <location value="LR/eur" idsrc="xmltag.org">Europe</location> and perform contract coal loading and railcar switching for industrial customers.
For more information, visit gwrr.com.

Genesee & Wyoming Reports Traffic for October 2015

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