Genesee & Wyoming Reports Traffic for June 2015 and the Second Quarter of 2015

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for June 2015 and the second quarter of 2015.

G&W’s traffic in June 2015 was 153,996 carloads, a decrease of 13,731 carloads, or 8.2%, compared with June 2014. G&W’s same-railroad traffic in June 2015 was 150,626 carloads, a decrease of 17,101 carloads, or 10.2%, compared with June 2014. Traffic from G&W’s Freightliner acquisition, which was completed on March 25, 2015, is not included in this press release.

G&W’s traffic in the second quarter of 2015 was 465,992 carloads, a decrease of 43,639 carloads, or 8.6%, compared with the second quarter of 2014. G&W’s same-railroad traffic in the second quarter of 2015 was 446,710 carloads, a decrease of 62,921 carloads, or 12.3%, compared with the second quarter of 2014.

The table below sets forth consolidated summary carload information for June 2015 and June 2014 by commodity group.

Same-railroad Highlights:

The following highlights relate to same-railroad traffic, excluding traffic from the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad, which were acquired on January 5, 2015.

• North American traffic decreased 14,140 carloads, or 9.5%, primarily due to decreases in coal & coke and metals traffic.
• Australian traffic decreased 2,961 carloads, or 15.1%, primarily due to decreased metallic ores traffic.
• Coal & coke traffic decreased 11,215 carloads, or 36.9%, primarily due to decreased shipments in G&W’s Midwest, Central and Ohio Valley regions.
• Metallic ores traffic decreased 3,244 carloads, or 45.7%, primarily due to decreased iron ore shipments in G&W’s Australia Region.
• Metals traffic decreased 2,636 carloads, or 17.2%, primarily due to decreased shipments in G&W’s Northeast, Southern and Ohio Valley regions.
• All remaining traffic decreased by a net 6 carloads.

The table below sets forth consolidated summary carload information for the second quarter of 2015 and the second quarter of 2014 by commodity group.

Same-railroad Highlights:

The following highlights relate to same-railroad traffic, excluding April and May 2015 traffic from the Rapid City, Pierre & Eastern Railroad, which commenced operations on June 1, 2014 and excluding Q2 2015 traffic from the Arkansas Midland Railroad, the Prescott & Northwestern Railroad and the Warren & Saline River Railroad, which were acquired on January 5, 2015.

• North American traffic decreased 56,887 carloads, or 12.6%, primarily due to decreases in coal & coke, metals, agricultural products and other commodity group traffic.
• Australian traffic decreased 6,034 carloads, or 10.4%, primarily due to decreased metallic ores traffic, partially offset by increased minerals & stone traffic.
• Coal & coke traffic decreased 25,969 carloads, or 29.0%, primarily due to decreased shipments in G&W’s Midwest, Central, Ohio Valley and Mountain West regions.
• Metals traffic decreased 14,051 carloads, or 29.0%, primarily due to decreased shipments in G&W’s Southern, Northeast, Ohio Valley and Coastal regions.
• G&W’s Other commodity group traffic decreased 7,603 carloads, or 30.4%, primarily due to decreased overhead Class 1 shipments.
• Metallic ores traffic decreased 6,642 carloads, or 33.5%, primarily due to decreased iron ore shipments in G&W’s Australia Region.
• Agricultural products traffic decreased 6,585 carloads, or 9.5%, primarily due to decreased shipments in G&W’s Midwest, Ohio Valley and Canada regions.
• All remaining traffic decreased by a net 2,071 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

Genesee & Wyoming owns or leases 120 freight railroads worldwide that are organized in 11 operating regions with 7,700 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 Australia Region provides rail freight services in New South Wales, the Northern Territory and South Australia and operates the 1,400-mile Tarcoola-to-Darwin rail line.
• G&W’s U.K./Europe Region 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 Poland and Germany 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 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 June 2015 and June 2014 by commodity group.

The table below sets forth North American carload information for the second quarter of 2015 and the second quarter of 2014 by commodity group.

The table below sets forth Australian carload information for June 2015 and June 2014 by commodity group.

The table below sets forth Australian carload information for the second quarter of 2015 and the second quarter of 2014 by commodity group.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150714006684/en/

Genesee & Wyoming Inc.
Thomas D. Savage, 1-203-202-8900
Vice President – Corporate Development & Treasurer
Web Site: http://www.gwrr.com

Source: Genesee & Wyoming Inc.

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