Exhibit 99.2
Genesee & Wyoming Reports Traffic for November 2016
DARIEN, Conn. — (BUSINESS WIRE)— Dec. 9, 2016 — Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for November 2016.
G&W’s traffic in November 2016 was 247,470 carloads, an increase of 8,856 carloads, or 3.7%, compared with November 2015. Note that the carloadings do not include shipments from the Providence and Worcester Railroad Company, which was acquired and held in a voting trust on November 1, 2016.
G&W’s traffic in the fourth quarter of 2016 through November was 492,814 carloads, a decrease of 3,009 carloads, or 0.6%, compared with the fourth quarter of 2015 through November.
The table below sets forth summary total carloads by segment for November 2016 and November 2015.
Segment | November 2016 | November 2015 | Change | % Change | ||||||||||||
North American Operations | 133,689 | 124,220 | 9,469 | 7.6 | % | |||||||||||
Australian Operations | 15,036 | 16,189 | (1,153 | ) | (7.1 | %) | ||||||||||
U.K./European Operations | 98,745 | 98,205 | 540 | 0.5 | % | |||||||||||
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Total G&W Operations | 247,470 | 238,614 | 8,856 | 3.7 | % | |||||||||||
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November 2016 Highlights by Segment
• | North American Operations: Traffic in November 2016 was 133,689 carloads, an increase of 7.6% compared with November 2015. The increase was primarily due to increased coal & coke, agricultural products and metals traffic. |
• | Australian Operations: Traffic in November 2016 was 15,036 carloads, a decrease of 7.1% compared with November 2015. The decrease was primarily due to decreased agricultural products traffic, partially offset by increased metallic ores traffic. |
• | U.K./European Operations: Traffic in November 2016 was 98,745 carloads, an increase of 0.5% compared with November 2015. |
The table below sets forth North American Operations carload information for November 2016 and November 2015 by commodity group.
North American Operations: | November 2016 | November 2015 | Change | % Change | ||||||||||||
Agricultural Products | 19,067 | 16,863 | 2,204 | 13.1 | % | |||||||||||
Autos & Auto Parts | 2,439 | 1,974 | 465 | 23.6 | % | |||||||||||
Chemicals & Plastics | 14,574 | 14,454 | 120 | 0.8 | % | |||||||||||
Coal & Coke | 21,655 | 17,004 | 4,651 | 27.4 | % | |||||||||||
Food & Kindred Products | 5,121 | 4,753 | 368 | 7.7 | % | |||||||||||
Lumber & Forest Products | 11,110 | 10,839 | 271 | 2.5 | % | |||||||||||
Metallic Ores | 1,632 | 1,943 | (311 | ) | (16.0 | %) | ||||||||||
Metals | 11,264 | 9,541 | 1,723 | 18.1 | % | |||||||||||
Minerals & Stone | 16,282 | 15,509 | 773 | 5.0 | % | |||||||||||
Petroleum Products | 9,222 | 8,928 | 294 | 3.3 | % | |||||||||||
Pulp & Paper | 12,942 | 14,306 | (1,364 | ) | (9.5 | %) | ||||||||||
Waste | 3,989 | 3,275 | 714 | 21.8 | % | |||||||||||
Other | 4,392 | 4,831 | (439 | ) | (9.1 | %) | ||||||||||
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Total carloads | 133,689 | 124,220 | 9,469 | 7.6 | % | |||||||||||
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• | North American Operations traffic increased 9,469 carloads, or 7.6%. |
• | Coal & Coke traffic increased 4,651 carloads, or 27.4%, primarily due to increased shipments of utility coal in G&W’s Midwest and Central regions. |
• | Agricultural products traffic increased 2,204 carloads, or 13.1%, primarily due to increased shipments of grain in G&W’s Midwest and Central regions. |
• | Metals traffic increased 1,723 carloads, or 18.1%, primarily due to increased shipments in all of G&W’s North American regions. |
• | Pulp & Paper products traffic decreased 1,364 carloads, or 9.5%, primarily due to lower shipment volumes in all of G&W’s North American regions. |
• | All remaining traffic increased by a net 2,255 carloads. |
The table below sets forth Australian Operations carload information for November 2016 and November 2015 by commodity group.
Australian Operations: | November 2016 | November 2015 | Change | % Change | ||||||||||||
Agricultural Products | 2,864 | 4,570 | (1,706 | ) | (37.3 | %) | ||||||||||
Intermodal | 5,048 | 5,153 | (105 | ) | (2.0 | %) | ||||||||||
Metallic Ores | 1,587 | 925 | 662 | 71.6 | % | |||||||||||
Minerals & Stone | 5,505 | 5,514 | (9 | ) | (0.2 | %) | ||||||||||
Petroleum Products | 32 | 27 | 5 | 18.5 | % | |||||||||||
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Total carloads | 15,036 | 16,189 | (1,153 | ) | (7.1 | %) | ||||||||||
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• | Australian Operations traffic decreased 1,153 carloads, or 7.1%. |
• | Agricultural products traffic decreased 1,706 carloads, or 37.3%, primarily due to weather related delays to the start of the 2016-2017 harvest. |
• | Metallic ores traffic increased 662 carloads, or 71.6%, primarily due to the short-termre-opening of an iron ore mine in 2016. |
• | All remaining traffic decreased by a net 109 carloads. |
The table below sets forth U.K./European Operations carload information for November 2016 and November 2015 by commodity group.
U.K./European Operations: | November 2016 | November 2015 | Change | % Change | ||||||||||||
Agricultural Products | 238 | 37 | 201 | NM | ||||||||||||
Coal & Coke | 4,643 | 5,447 | (804 | ) | (14.8 | %) | ||||||||||
Intermodal | 78,520 | 77,921 | 599 | 0.8 | % | |||||||||||
Minerals & Stone | 15,344 | 14,800 | 544 | 3.7 | % | |||||||||||
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Total carloads | 98,745 | 98,205 | 540 | 0.5 | % | |||||||||||
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• | U.K./ Europe Operations traffic increased by 540 carloads, or 0.5% |
• | Coal & coke traffic decreased 804 carloads, or 14.8%, primarily due to lower shipment volumes in the U.K. and Poland. |
• | Intermodal traffic increased by 599 carloads, or 0.8%, due to the timing of shipments in continental Europe, partially offset by decreased intermodal volumes in the U.K. due to ongoing port congestion. |
• | Minerals & stone traffic increased by 544 carloads, or 3.7%, due to an increase in shipment volumes in Poland and the U.K. |
Fourth Quarter of 2016 Through November Traffic
The table below sets forth summary total carloads by segment for the fourth quarter of 2016 through November and the fourth quarter of 2015 through November.
Segment | QTD Nov 2016 | QTD Nov 2015 | Change | % Change | ||||||||||||
North American Operations | 268,628 | 261,852 | 6,776 | 2.6 | % | |||||||||||
Australian Operations | 29,189 | 29,988 | (799 | ) | (2.7 | %) | ||||||||||
U.K./European Operations | 194,997 | 203,983 | (8,986 | ) | (4.4 | %) | ||||||||||
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Total G&W Operations | 492,814 | 495,823 | (3,009 | ) | (0.6 | %) | ||||||||||
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The table below sets forth North American Operations carload information for the fourth quarter of 2016 through November and the fourth quarter of 2015 through November by commodity group.
North American Operations: | QTD Nov 2016 | QTD Nov 2015 | Change | % Change | ||||||||||||
Agricultural Products | 39,157 | 35,953 | 3,204 | 8.9 | % | |||||||||||
Autos & Auto Parts | 5,123 | 3,830 | 1,293 | 33.8 | % | |||||||||||
Chemicals & Plastics | 29,202 | 29,546 | (344 | ) | (1.2 | %) | ||||||||||
Coal & Coke | 42,392 | 36,327 | 6,065 | 16.7 | % | |||||||||||
Food & Kindred Products | 10,782 | 10,189 | 593 | 5.8 | % | |||||||||||
Intermodal | 36 | 23 | 13 | 56.5 | % | |||||||||||
Lumber & Forest Products | 22,578 | 23,101 | (523 | ) | (2.3 | %) | ||||||||||
Metallic Ores | 3,223 | 3,882 | (659 | ) | (17.0 | %) | ||||||||||
Metals | 21,934 | 19,481 | 2,453 | 12.6 | % | |||||||||||
Minerals & Stone | 33,702 | 35,221 | (1,519 | ) | (4.3 | %) | ||||||||||
Petroleum Products | 17,809 | 17,518 | 291 | 1.7 | % | |||||||||||
Pulp & Paper | 25,585 | 28,436 | (2,851 | ) | (10.0 | %) | ||||||||||
Waste | 8,021 | 6,919 | 1,102 | 15.9 | % | |||||||||||
Other | 9,084 | 11,426 | (2,342 | ) | (20.5 | %) | ||||||||||
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Total carloads | 268,628 | 261,852 | 6,776 | 2.6 | % | |||||||||||
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The table below sets forth Australian Operations carload information for the fourth quarter of 2016 through November and the fourth quarter of 2015 through November by commodity group.
Australian Operations: | QTD Nov 2016 | QTD Nov 2015 | Change | % Change | ||||||||||||
Agricultural Products | 5,036 | 6,196 | (1,160 | ) | (18.7 | %) | ||||||||||
Intermodal | 10,128 | 10,220 | (92 | ) | (0.9 | %) | ||||||||||
Metallic Ores | 2,829 | 2,592 | 237 | 9.1 | % | |||||||||||
Minerals & Stone | 11,149 | 10,927 | 222 | 2.0 | % | |||||||||||
Petroleum Products | 47 | 53 | (6 | ) | (11.3 | %) | ||||||||||
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Total carloads | 29,189 | 29,988 | (799 | ) | (2.7 | %) | ||||||||||
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The table below sets forth U.K./European Operations carload information for the fourth quarter of 2016 through November and the fourth quarter of 2015 through November by commodity group.
U.K./European Operations: | QTD Nov 2016 | QTD Nov 2015 | Change | % Change | ||||||||||||
Agricultural Products | 557 | 77 | 480 | NM | ||||||||||||
Coal & Coke | 8,781 | 10,627 | (1,846 | ) | (17.4 | %) | ||||||||||
Intermodal | 155,711 | 161,016 | (5,305 | ) | (3.3 | %) | ||||||||||
Lumber & Forest Products | 158 | 0 | 158 | NM | ||||||||||||
Metallic Ores | 108 | 0 | 108 | NM | ||||||||||||
Minerals & Stone | 29,682 | 32,263 | (2,581 | ) | (8.0 | %) | ||||||||||
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Total carloads | 194,997 | 203,983 | (8,986 | ) | (4.4 | %) | ||||||||||
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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 eight 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 operations in South Australia, the Northern Territory and New South Wales. This segment represents approximately 10% of G&W’s total operating revenues and approximately 10% of G&W’s total income from operations. |
• | The U.K./European Operations segment is comprised of operations in the U.K. and continental Europe. This segment represents approximately 30% of G&W’s total operating revenues and approximately 10% of G&W’s total income from operations. |
About G&W
Genesee & Wyoming owns or leases 122 freight railroads worldwide that are organized in 10 operating regions with approximately 7,300 employees and more than 2,800 customers.*
• | G&W’s eight 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 provides rail freight services in New South Wales, including in the Hunter Valley coal supply chain, the Northern Territory and South Australia, including operating the1,400-mileTarcoola-to-Darwin rail line. The Australia Region is 51% owned by G&W and 49% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets. |
• | 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.
* | This information includes G&W’s acquisition of the Providence and Worcester Railroad, which is subject to pending U.S. Surface Transportation Board approval. |
For more information, visit gwrr.com.
Contact:
Genesee & Wyoming Inc.
Thomas D. Savage,1-203-202-8900
Vice President – Corporate Development & Treasurer
Web Site:http://www.gwrr.com