EX-99.2 3 dex992.htm PRESS RELEASE DATED JUNE 11, 2009 Press release dated June 11, 2009

EXHIBIT 99.2

Genesee & Wyoming Inc. Reports Traffic for May 2009

GREENWICH, Conn., June 11, 2009 /PRNewswire-FirstCall/ — Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for May 2009.

GWI’s traffic in May 2009 was 61,043 carloads, a decrease of 2,993 carloads, or 4.7 percent, compared with May 2008. GWI’s traffic in the second quarter of 2009 through May was 123,913 carloads, a decrease of 7,205 carloads, or 5.5 percent, compared with the second quarter of 2008 through May.

The table below sets forth carloading information for May 2009 and May 2008:

 

Genesee & Wyoming Inc. by Commodity Group

   May
2009
   % of
Total
    May
2008
   % of
Total
 

Coal, Coke & Ores

   12,902    21.1   12,899    20.1

Minerals & Stone

   12,077    19.8   12,600    19.7

Farm & Food Products

   7,658    12.6   5,893    9.2

Pulp & Paper

   6,892    11.3   10,416    16.3

Metals

   5,502    9.0   6,527    10.2

Lumber & Forest Products

   4,718    7.7   6,377    10.0

Chemicals-Plastics

   4,171    6.8   4,035    6.3

Petroleum Products

   2,259    3.7   2,145    3.3

Autos & Auto Parts

   675    1.1   1,117    1.7

Other

   4,189    6.9   2,027    3.2

Total

   61,043    100.0   64,036    100.0

GWI railroads acquired within the last 12 months shipped a combined 10,401 carloads in May 2009. GWI’s same-railroad traffic in May 2009 decreased by 13,394 carloads, or 20.9 percent, compared with May 2008. Pulp & paper traffic decreased 3,810 carloads principally due to lower shipments in GWI’s Canada and Southern Regions. Coal, coke and ores traffic decreased 2,803 carloads principally due to lower shipments in western Pennsylvania and maintenance outages at two utilities in Illinois. Metals traffic decreased 2,416 carloads primarily due to lower steel shipments in GWI’s New York/Ohio/Pennsylvania and Canada Regions. All other same-railroad traffic decreased by a net 4,365 carloads.

The table below sets forth carloading information for the second quarter of 2009 through May and the second quarter of 2008 through May:

 

Genesee & Wyoming Inc. by Commodity Group

   QTD May
2009
   % of
Total
    QTD May
2008
   % of
Total
 

Coal, Coke & Ores

   27,033    21.8   27,866    21.2

Minerals & Stone

   23,304    18.8   24,549    18.7

Farm & Food Products

   15,864    12.8   12,843    9.8


Pulp & Paper

   14,456    11.7   21,199    16.2

Metals

   10,226    8.2   13,250    10.1

Lumber & Forest Products

   9,874    8.0   12,718    9.7

Chemicals-Plastics

   8,162    6.6   8,211    6.3

Petroleum Products

   4,486    3.6   4,187    3.2

Autos & Auto Parts

   1,374    1.1   2,327    1.8

Other

   9,134    7.4   3,968    3.0

Total

   123,913    100.0   131,118    100.0

GWI railroads acquired within the last 12 months shipped a combined 20,790 carloads in the second quarter of 2009 through May. Same-railroad traffic in the second quarter of 2009 through May decreased by 27,995 carloads, or 21.4 percent, compared with the second quarter of 2008 through May. The decrease was principally due to declines of 7,392 carloads of pulp & paper traffic, 6,528 carloads of coal, coke and ores traffic and 5,533 carloads of metals traffic. The decrease in coal, coke and ores traffic was principally due to lower shipments in western Pennsylvania, maintenance outages at two utilities in Illinois and maintenance outages at a mine and at a power facility served in Utah. All other same-railroad traffic decreased by a net 8,542 carloads.

GWI railroads acquired within the last 12 months include: CAGY Industries, Inc., which GWI purchased on May 31, 2008, and the Georgia Southwestern Railroad and the Ohio Central Railroad System, both of which GWI purchased on October 1, 2008.

Starting in April 2009, Intermodal traffic has been classified within the “Other” commodity group due to its lack of materiality. Previously Intermodal traffic was presented on a stand-alone basis. Intermodal shipments were 63 carloads in May 2009 compared with 124 in May 2008 and 115 carloads in the second quarter through May 2009 compared with 249 in the second quarter through May 2008.

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 owns and operates short line and regional freight railroads in the United States, Canada, Australia and the Netherlands and owns a minority interest in a railroad in Bolivia. Operations currently include 63 railroads organized in nine regions, with more than 6,800 miles of owned and leased track and approximately 3,100 additional miles under track access arrangements. GWI provides rail service at 16 ports in North America and Europe and performs contract coal loading and railcar switching for industrial customers.

CONTACT: Matthew O. Walsh, Senior Vice President - Corporate Development

and Treasurer, Genesee & Wyoming Inc. 203-629-3722

Web site: http://www.gwrr.com

SOURCE Genesee & Wyoming Inc.