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) |
Registrants 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. |
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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 |
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EXHIBIT INDEX
Exhibit No. |
Exhibit | |
Exhibit 99.1 | Press release, dated November 11, 2013, reporting traffic volumes for October 2013. |
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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 RAs 2012 carload information to conform with G&Ws reporting methodology.
G&Ws traffic in October 2013 was 163,829 carloads, an increase of 83,588 carloads, or 104.2%, compared to G&Ws 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 |
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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 | % | ||||||||||||||||
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Total carloads |
163,829 | 80,241 | 73,877 | 154,118 | 104.2 | % | 6.3 | % | ||||||||||||||||
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(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&Ws Southern, Northeast, Canada and Ohio Valley regions. Metallic ores traffic increased 2,397 carloads primarily due to increased iron ore shipments in G&Ws Australia Region. Petroleum products traffic increased 1,502 carloads primarily due to increased shipments of crude oil in G&Ws Pacific Region. Agricultural products traffic decreased 1,617 carloads primarily due to decreased shipments in G&Ws Midwest, Central and Pacific regions, partially offset by increased shipments in G&Ws 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 RailAmericas historically reported figures to remove duplication of traffic that interchanges with another owned railroad. This elimination conforms with G&Ws 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: |
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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 | % | ||||||||||||||||
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Total carloads |
145,894 | 64,388 | 73,877 | 138,265 | 126.6 | % | 5.5 | % | ||||||||||||||||
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(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 |
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Australian Operations: |
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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 | % | ||||||||
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Total carloads |
17,935 | 15,853 | 13.1 | % | ||||||||
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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