| News Release |
| Genesee & Wyoming Inc. Reports Traffic for August 2007 |
GREENWICH, Conn., September 14, 2007 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for August 2007. GWI's traffic in August 2007 was 70,328 carloads, a decrease of 6,948 carloads, or 9.0 percent, compared with August 2006. GWI's Mexican operations, which are currently being liquidated and closed due to damage caused by Hurricane Stan in October 2005, generated zero carloads in August 2007 and 2,692 carloads in August 2006. Excluding carloads from GWI's Mexican operations, traffic in August 2007 decreased by 4,256 carloads, or 5.7 percent, compared with August 2006. The table below sets forth carloading information for August 2007 and August 2006:
August 2006
Genesee & Wyoming Inc. August 2007 % of Excluding % of
by Commodity Group Consolidated Total Mexico Total
Coal, Coke & Ores 17,468 24.8 % 17,257 23.2 %
Minerals & Stone 10,695 15.2 % 11,287 15.1 %
Pulp & Paper 10,175 14.5 % 11,657 15.6 %
Lumber & Forest Products 7,610 10.8 % 7,109 9.5 %
Farm & Food Products 6,747 9.6 % 8,071 10.8 %
Metals 6,078 8.7 % 7,331 9.8 %
Chemicals-Plastics 3,396 4.8 % 3,827 5.1 %
Petroleum Products 2,044 2.9 % 1,973 2.7 %
Autos & Auto Parts 1,188 1.7 % 1,032 1.4 %
Intermodal 222 0.3 % 367 0.5 %
Other 4,705 6.7 % 4,673 6.3 %
Total 70,328 100.0 % 74,584 100.0 %
Railroad
Operations
Excluding % of
August 2006 Mexico Mexico Consolidated Total
Coal, Coke & Ores 17,257 0 17,257 22.3 %
Minerals & Stone 11,287 1,320 12,607 16.3 %
Pulp & Paper 11,657 47 11,704 15.2 %
Lumber & Forest Products 7,109 92 7,201 9.3 %
Farm & Food Products 8,071 422 8,493 11.0 %
Metals 7,331 81 7,412 9.6 %
Chemicals-Plastics 3,827 21 3,848 5.0 %
Petroleum Products 1,973 590 2,563 3.3 %
Autos & Auto Parts 1,032 45 1,077 1.4 %
Intermodal 367 0 367 0.5 %
Other 4,673 74 4,747 6.1 %
Total 74,584 2,692 77,276 100.0 %
Same-railroad traffic in August 2007 decreased by 7,188 carloads, or 9.3 percent compared with August 2006. Same-railroad traffic excluding GWI's Mexican operations decreased by 4,496 carloads, or 6.0 percent, compared with August 2006. The decrease was principally due to a decline in pulp & paper products traffic of 1,482 carloads as a result of lower shipment volumes in GWI's Oregon and Southern Regions, a decline in farm & food products traffic of 1,387 carloads as a result of reduced grain shipments in GWI's Australia Region caused by drought conditions that negatively impacted the 2006 grain harvest and a decline in metals traffic of 1,289 carloads primarily as a result of an unplanned maintenance outage at a steel producing plant served by GWI's Canada Region. The maintenance work was completed in August. All other same-railroad traffic excluding GWI's Mexican operations decreased by a net 338 carloads. The table below sets forth carloading information for the third quarter of 2007 through August and the third quarter of 2006 through August:
Genesee & Wyoming Inc. by Commodity Group
Railroad
Operations
Excluding % of
QTD August 2007 Mexico Mexico Consolidated Total
Coal, Coke & Ores 34,789 0 34,789 24.4 %
Minerals & Stone 21,634 883 22,517 15.8 %
Pulp & Paper 20,329 0 20,329 14.3 %
Lumber & Forest Products 15,269 38 15,307 10.8 %
Farm & Food Products 13,322 167 13,489 9.5 %
Metals 12,728 39 12,767 9.0 %
Chemicals-Plastics 6,992 3 6,995 4.9 %
Petroleum Products 4,102 160 4,262 3.0 %
Autos & Auto Parts 1,826 0 1,826 1.3 %
Intermodal 441 0 441 0.3 %
Other 9,481 49 9,530 6.7 %
Total 140,913 1,339 142,252 100.0 %
Railroad
Operations
Excluding % of
QTD August 2006 Mexico Mexico Consolidated Total
Coal, Coke & Ores 34,872 0 34,872 22.8 %
Minerals & Stone 20,263 2,784 23,047 15.1 %
Pulp & Paper 23,355 101 23,456 15.4 %
Lumber & Forest Products 14,180 174 14,354 9.4 %
Farm & Food Products 16,645 784 17,429 11.4 %
Metals 14,596 149 14,745 9.7 %
Chemicals-Plastics 7,221 46 7,267 4.8 %
Petroleum Products 3,858 1,084 4,942 3.2 %
Autos & Auto Parts 1,860 90 1,950 1.3 %
Intermodal 751 0 751 0.5 %
Other 9,621 165 9,786 6.4 %
Total 147,222 5,377 152,599 100.0 %
GWI's traffic in the third quarter of 2007 through August was 142,252 carloads, a decrease of 10,347 carloads, or 6.8 percent compared with the third quarter of 2006 through August. Excluding carloads from GWI's Mexican operations, traffic in the third quarter of 2007 through August decreased 6,309 carloads, or 4.3 percent, compared with the third quarter of 2006 through August. Same-railroad traffic excluding GWI's Mexican operations in the third quarter of 2007 through August decreased by 6,743 carloads, or 4.6 percent. The decrease was principally due to declines in farm & food products traffic and pulp & paper products traffic. 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. GWI is a leading owner and operator of short line and regional freight railroads in the United States, Canada and Australia and owns a minority interest in a railroad in Bolivia. Operations currently consist of 47 railroads organized in nine regions, including service at 12 U.S. ports, contract coal loading and industrial switching. GWI operates more than 5,700 miles of owned and leased track and approximately 3,500 additional miles under track access arrangements.
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