Genesee & Wyoming Reports Traffic for February 2016

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for February 2016.

G&W’s traffic in February 2016 was 224,656 carloads, an increase of 79,529 carloads, or 54.8%, compared with February 2015. G&W’s same-railroad traffic in February 2016 was 140,967 carloads, a decrease of 4,160 carloads, or 2.9%, compared with February 2015.

G&W’s traffic in the first quarter of 2016 through February was 443,087 carloads, an increase of 130,611 carloads, or 41.8%, compared with the first quarter of 2015 through February. G&W’s same-railroad traffic in the first quarter of 2016 through February was 280,478 carloads, a decrease of 31,998 carloads, or 10.2%, compared with the first quarter of 2015 through February.

The table below sets forth summary total carloads by segment for February 2016 and February 2015.

February 2016 Highlights by Segment

• North American Operations: Traffic in February 2016 was 125,476 carloads, a decrease of 2.0% compared with February 2015. The decrease was primarily due to reduced coal & coke traffic, partially offset by increased metals traffic.
• Australian Operations: Traffic in February 2016 was 15,491 carloads, a decrease of 9.6% compared with February 2015. The decrease was primarily due to reduced metallic ores shipments from previously announced closures of customer iron ore and manganese mines in 2015.
• U.K./European Operations: Traffic was 83,689 carloads in February 2016. Traffic in February 2016 was led by intermodal traffic in the U.K. and continental Europe as well as minerals & stone traffic in Poland and the U.K.

The table below sets forth North American Operations carload information for February 2016 and February 2015 by commodity group.

• North American Operations traffic decreased 2,515 carloads, or 2.0%, primarily due to reduced shipments of coal & coke traffic, partially offset by increased metals traffic.
• Coal & coke traffic decreased 7,418 carloads, or 31.2%, primarily due to decreased shipments in G&W’s Midwest, Ohio Valley and Central regions.
• Metals traffic increased 1,776 carloads, or 17.4%, primarily due to increased shipments in G&W’s Southern and Northeast regions.
• All remaining traffic increased by a net 3,127 carloads.

The table below sets forth Australian Operations carload information for February 2016 and February 2015 by commodity group.

The decrease in Australian Operations traffic was primarily due to reduced metallic ores shipments from previously announced closures of customer iron ore and manganese mines in 2015.

The table below sets forth U.K./European Operations carload information for February 2016 by commodity group.

Traffic volumes in the U.K./Europe 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.

First Quarter of 2016 Through February Traffic

The table below sets forth summary total carloads by segment for the first quarter of 2016 through February and the first quarter of 2015 through February.

The table below sets forth North American Operations carload information for the first quarter of 2016 through February and the first quarter of 2015 through February by commodity group.

The table below sets forth Australian Operations carload information for the first quarter of 2016 through February and the first quarter of 2015 through February by commodity group.

The table below sets forth U.K./European Operations carload information for the first quarter of 2016 through February by commodity group.

Other

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.

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 metric 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 Canada. This segment represents approximately 60% of G&W’s total operating revenues and approximately 80% of G&W’s total income from operations.
• The Australian Operations segment is comprised of G&W’s existing operations in Australia and the newly-acquired Freightliner Australia operations. This segment represents approximately 10% of G&W’s total operating revenues and approximately 10% of G&W’s total income from operations. Revenues from Freightliner’s Australia operations are not reported as freight revenues and therefore are not included in this traffic report.
• The U.K./European Operations segment is comprised of Freightliner’s operations in the U.K. and continental Europe and G&W’s existing European port shunting operations. This segment represents approximately 30% of G&W’s total operating revenues and approximately 10% 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.

About G&W

Genesee & Wyoming owns or leases 120 freight railroads worldwide that are organized in 11 operating regions with 7,500 employees and more than 2,800 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.

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