0001193125-13-440264.txt : 20131113 0001193125-13-440264.hdr.sgml : 20131113 20131113163259 ACCESSION NUMBER: 0001193125-13-440264 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131111 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131113 DATE AS OF CHANGE: 20131113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENESEE & WYOMING INC CENTRAL INDEX KEY: 0001012620 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 060984624 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31456 FILM NUMBER: 131215032 BUSINESS ADDRESS: STREET 1: 20 WEST AVENUE CITY: DARIEN STATE: CT ZIP: 06820 BUSINESS PHONE: 2032028900 MAIL ADDRESS: STREET 1: 20 WEST AVENUE CITY: DARIEN STATE: CT ZIP: 06820 8-K 1 d627014d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): November 11, 2013

 

 

Genesee & Wyoming Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-31456   06-0984624

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

20 West Avenue, Darien, Connecticut   06820
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (203) 202-8900

Not Applicable Former name or former address, if changed since last report

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 8.01. Other Events.

On November 11, 2013, Genesee & Wyoming Inc. issued a press release reporting traffic volumes for October 2013. For information regarding this matter, Genesee & Wyoming Inc. hereby incorporates by reference herein the information set forth in its press release, dated November 11, 2013, a copy of which is attached hereto as Exhibit 99.1.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

   

Exhibit

Exhibit 99.1    Press release, dated November 11, 2013, reporting traffic volumes for October 2013.

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      GENESEE & WYOMING INC.
Date:  

November 13, 2013

     By:  

/s/ Timothy J. Gallagher

        Name:   Timothy J. Gallagher
        Title:   Chief Financial Officer

 

3

EXHIBIT INDEX

 

Exhibit No.

   

Exhibit

Exhibit 99.1    Press release, dated November 11, 2013, reporting traffic volumes for October 2013.

 

4

EX-99.1 2 d627014dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Genesee & Wyoming Reports Traffic for October 2013

DARIEN, Conn. — (BUSINESS WIRE) — Nov. 11, 2013 — Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for October 2013.

Beginning in January 2013, G&W is reporting consolidated traffic volumes including carloads from RailAmerica Inc. (RA) railroads that were previously reported separately. To provide comparative context for 2013 consolidated traffic volumes, G&W is providing supplemental 2012 carload information on a pro forma basis as though the RA railroads were owned by G&W on January 1, 2012. In addition, G&W has amended RA’s 2012 carload information to conform with G&W’s reporting methodology.

G&W’s traffic in October 2013 was 163,829 carloads, an increase of 83,588 carloads, or 104.2%, compared to G&W’s traffic in October 2012, and an increase of 9,711 carloads, or 6.3%, compared to total October 2012 carloads pro forma for the RA acquisition.

The table below sets forth consolidated summary carload information for October 2013 and October 2012:

 

            October 2012      % Change  
     October
2013(1)		      G&W      RA      Pro Forma(2)      G&W     Pro Forma(2)  

Consolidated G&W

                 

Coal & Coke

      26,698         15,553         10,447         26,000         71.7 %      2.7 % 

Minerals & Stone

      19,920         11,807         7,014         18,821         68.7 %      5.8 % 

Agricultural Products

      18,774         5,533         14,858         20,391         239.3 %      -7.9 % 

Metals

      15,518         7,250         5,226         12,476         114.0 %      24.4 % 

Pulp & Paper

      14,508         8,817         5,064         13,881         64.5 %      4.5 % 

Chemicals & Plastics

      14,021         5,819         7,566         13,385         141.0 %      4.8 % 

Lumber & Forest Products

      11,912         6,646         4,826         11,472         79.2 %      3.8 % 

Petroleum Products

      9,008         2,485         5,021         7,506         262.5 %      20.0 % 

Metallic Ores

      7,189         4,012         780         4,792         79.2 %      50.0 % 

Intermodal

      6,923         6,540         —           6,540         5.9 %      5.9 % 

Food or Kindred Products

      5,615         1,178         4,193         5,371         376.7 %      4.5 % 

Waste

      4,224         2,150         1,814         3,964         96.5 %      6.6 % 

Autos & Auto Parts

      3,503         861         2,126         2,987         306.9 %      17.3 % 

Other

      6,016         1,590         4,942         6,532         278.4 %      -7.9 % 
  

 

 

     

 

 

     

 

 

     

 

 

       

Total carloads

      163,829         80,241         73,877         154,118         104.2 %      6.3 % 
  

 

 

     

 

 

     

 

 

     

 

 

       

 

(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012

Metals traffic increased 3,042 carloads primarily due to increased shipments in G&W’s Southern, Northeast, Canada and Ohio Valley regions. Metallic ores traffic increased 2,397 carloads primarily due to increased iron ore shipments in G&W’s Australia Region. Petroleum products traffic increased 1,502 carloads primarily due to increased shipments of crude oil in G&W’s Pacific Region. Agricultural products traffic decreased 1,617 carloads primarily due to decreased shipments in G&W’s Midwest, Central and Pacific regions, partially offset by increased shipments in G&W’s Australia Region. All remaining traffic increased by a net 4,387 carloads.

Carload Reporting for RailAmerica Inc. Traffic

October 2012 carloads from RailAmerica Inc. railroads include eliminations of 1,956 carloads, compared to RailAmerica’s historically reported figures to remove duplication of traffic that interchanges with another owned railroad. This elimination conforms with G&W’s reporting policy. Also, starting in January 2013, G&W has re-allocated certain products within the reported commodity groups. The carload information included in this release presents both 2013 and 2012 on a consistent basis for these changes.

Other

Historically, G&W 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. Car movements related to railcar switching, including activities at port terminals, are excluded from our carload information as the resulting revenues are classified as non-freight.

About G&W

G&W owns and operates short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, G&W operates the 1,400-mile Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 111 railroads organized in 11 regions, with nearly 15,000 miles of owned and leased track, 4,600 employees and over 2,000 customers. We provide rail service at 35 ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.

For more information, visit gwrr.com.

Exhibit

The table below sets forth North American carloading information for October 2013 and October 2012:

 

            October 2012      % Change  
     October
2013(1)		      G&W      RA      Pro Forma(2)      G&W     Pro Forma(2)  

North American Operations:

                 

Coal & Coke

      26,698         15,553         10,447         26,000         71.7 %      2.7 % 

Agricultural Products

      16,483         3,956         14,858         18,814         316.7 %      -12.4 % 

Metals

      15,518         7,250         5,226         12,476         114.0 %      24.4 % 

Minerals & Stone

      15,392         6,349         7,014         13,363         142.4 %      15.2 % 

Pulp & Paper

      14,508         8,817         5,064         13,881         64.5 %      4.5 % 

Chemicals & Plastics

      14,021         5,819         7,566         13,385         141.0 %      4.8 % 

Lumber & Forest Products

      11,912         6,646         4,826         11,472         79.2 %      3.8 % 

Petroleum Products

      8,978         2,451         5,021         7,472         266.3 %      20.2 % 

Food or Kindred Products

      5,615         1,178         4,193         5,371         376.7 %      4.5 % 

Waste

      4,224         2,150         1,814         3,964         96.5 %      6.6 % 

Autos & Auto Parts

      3,503         861         2,126         2,987         306.9 %      17.3 % 

Metallic Ores

      1,844         1,091         780         1,871         69.0 %      -1.4 % 

Intermodal

      1,182         677         —           677         74.6 %      74.6 % 

Other

      6,016         1,590         4,942         6,532         278.4 %      -7.9 % 
  

 

 

     

 

 

     

 

 

     

 

 

       

Total carloads

      145,894         64,388         73,877         138,265         126.6 %      5.5 % 
  

 

 

     

 

 

     

 

 

     

 

 

       

(1) Total carloads from G&W and RA
(2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012

The table below sets forth Australian carloading information for October 2013 and October 2012:

 

     October
2013		      October
2012		      %
Change		  

Australian Operations:

         

Intermodal

      5,741         5,863         -2.1 % 

Metallic Ores

      5,345         2,921         83.0 % 

Minerals & Stone

      4,528         5,458         -17.0 % 

Agricultural Products

      2,291         1,577         45.3 % 

Petroleum Products

      30         34         -11.8 % 
  

 

 

     

 

 

     

Total carloads

      17,935         15,853         13.1 % 
  

 

 

     

 

 

     

SOURCE: Genesee & Wyoming Inc.

Genesee & Wyoming Inc.

Thomas D. Savage, 1-203-202-8900

Vice President – Corporate Development & Treasurer

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