Genesee & Wyoming Reports Traffic for February 2018

Genesee & Wyoming Inc. (G&W) (NYSE:GWR) today reported traffic volumes for February 2018.

G&W’s traffic in February 2018 was 254,270 carloads, an increase of 2,042 carloads, or 0.8%, compared with February 2017. G&W’s same-railroad traffic in February 2018 was 253,833 carloads, an increase of 1,605 carloads, or 0.6%, compared with February 2017.

G&W’s traffic in the first quarter of 2018 through February was 531,401 carloads, an increase of 905 carloads, or 0.2%, compared with the first quarter of 2017 through February. G&W’s same-railroad traffic in the first quarter of 2018 through February was 530,463 carloads, or flat, compared with the first quarter of 2017 through February.

The table below sets forth summary total carloads by segment.

Highlights by Segment

• North American Operations: Traffic in February 2018 was 127,344 carloads, an increase of 0.7% compared with February 2017, including carloads from the Heart of Georgia Railroad, Inc. (HOG), which was acquired on May 31, 2017. On a same-railroad basis, North American traffic increased 0.3%, due to traffic increases across several commodity groups, partially offset by decreased agricultural products traffic and by lower than expected steam coal shipments in February 2018 in G&W’s Midwest region due to mild winter weather and unscheduled utility maintenance outages.
• Australian Operations: Traffic in February 2018 was 43,338 carloads, an increase of 3.1% compared with February 2017, primarily due to increased coal & coke traffic. Carload information for G&W’s 51.1% owned Australian Operations is presented on a 100% basis.
• U.K./European Operations: Traffic in February 2018 was 83,588 carloads, a decrease of 0.1% compared with February 2017, primarily due to decreased coal & coke traffic in the U.K. and intermodal traffic in Continental Europe, partially offset by increased minerals & stone traffic in Poland.

The table below sets forth North American Operations carload information by commodity group.

The following highlights relate to North American same-railroad traffic, excluding traffic from HOG, which was acquired on May 31, 2017.

• Agricultural products traffic decreased 1,470 carloads, or 8.3%, primarily due to decreased grain shipments in G&W’s Midwest and Central regions.
• All remaining traffic increased by a net 1,889 carloads.

The table below sets forth carload information for G&W’s 51.1% owned Australian Operations by commodity group.

• Coal & coke traffic increased 1,941 carloads, or 7.3%.
• All remaining traffic decreased by a net 654 carloads.

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

• Coal & coke traffic decreased 1,508 carloads, or 44.7%, primarily due to decreased shipments in the U.K.
• Intermodal traffic decreased 895 carloads, or 1.3%, primarily due to decreased shipments in Continental Europe due to the discontinuance of certain routes as part of the restructuring of ERS.
• Minerals & stone traffic increased 2,428 carloads, or 21.7%, primarily due to increased shipments in Poland.
• All remaining traffic decreased by a net 126 carloads.

First Quarter of 2018 Through February Traffic

The table below sets forth summary total carloads by segment.

The table below sets forth North American Operations carload information by commodity group.

The table below sets forth carload information for G&W’s 51.1% owned Australian Operations by commodity group.

The table below sets forth U.K./European Operations carload information 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, operating income or net income. Please refer to the documents G&W files from time to time with the Securities and Exchange Commission, such as its Form 10-Q and 10-K, which contain additional information on G&W’s freight traffic and segment reporting.

About G&W

G&W owns or leases 122 freight railroads organized in nine locally managed operating regions with 8,000 employees serving 3,000 customers.

• G&W’s seven North American regions serve 41 U.S. states and four Canadian provinces and include 115 short line and regional freight railroads with more than 13,000 track-miles.
• G&W’s Australia Region serves New South Wales, the Northern Territory and South Australia and operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by G&W and 48.9% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.
• G&W’s UK/Europe Region includes the U.K.’s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.

G&W subsidiaries and joint ventures also provide rail service at more than 40 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, contract coal loading, and industrial railcar switching and repair.

For more information, visit gwrr.com.

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