Genesee & Wyoming Inc. Reports Traffic for February 2009 GREENWICH, Conn., March 9, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for February 2009. GWI's traffic in February 2009 was 71,071 carloads, an increase of 9,631 carloads, or 15.7 percent, compared with February 2008. GWI's traffic in the first quarter of 2009 through February was 143,086 carloads, an increase of 17,482 carloads, or 13.9 percent, compared with the first quarter of 2008 through February. The table below sets forth carloading information for February 2009 and February 2008: Genesse & Wyoming Inc. February % of February % of by Commodity Group 2009 Total 2008 Total Coal, Coke & Ores 19,867 27.9% 14,127 23.0% Minerals & Stone 9,918 14.0% 10,558 17.2% Farm & Food Products 8,377 11.8% 6,224 10.1% Pulp & Paper 7,609 10.7% 9,424 15.3% Metals 6,647 9.3% 6,416 10.4% Lumber & Forest Products 5,278 7.4% 5,865 9.6% Chemicals-Plastics 4,338 6.1% 3,751 6.1% Petroleum Products 2,628 3.7% 2,400 3.9% Autos & Auto Parts 610 0.9% 1,096 1.8% Intermodal 58 0.1% 54 0.1% Other 5,741 8.1% 1,525 2.5% Total 71,071 100.0% 61,440 100.0% GWI railroads acquired within the last 12 months shipped a combined 13,555 carloads in February 2009. GWI's same-railroad traffic in February 2009 decreased by 3,924 carloads, or 6.4 percent, compared with February 2008. The decrease was principally due to declines in pulp & paper traffic of 2,231 carloads, metals traffic of 2,212 carloads and minerals & stone traffic of 1,179 carloads. These decreases were partially offset by a 1,476 carload increase in farm & food products traffic primarily due to increased grain shipments in GWI's Australia Region and a 1,432 carload increase in coal, coke & ores traffic primarily due to increased coal shipments in GWI's Illinois Region. All other same-railroad traffic decreased by a net 1,210 carloads. The table below sets forth carloading information for the first quarter of 2009 through February and the first quarter of 2008 through February: Genesee & Wyoming Inc. QTD Feb. % of QTD Feb. % of by Commodity Group 2009 Total 2008 Total Coal, Coke & Ores 39,796 27.8% 29,216 23.3% Minerals & Stone 19,936 13.9% 21,396 17.0% Farm & Food Products 16,877 11.8% 12,125 9.7% Pulp & Paper 16,299 11.4% 19,915 15.9% Metals 13,626 9.5% 12,692 10.1% Lumber & Forest Products 9,754 6.8% 11,982 9.5% Chemicals-Plastics 8,546 6.0% 7,581 6.0% Petroleum Products 5,421 3.8% 5,074 4.0% Autos & Auto Parts 1,062 0.8% 2,210 1.8% Intermodal 131 0.1% 182 0.1% Other 11,638 8.1% 3,231 2.6% Total 143,086 100.0% 125,604 100.0% GWI railroads acquired within the last 12 months shipped a combined 27,442 carloads in the first quarter of 2009 through February. Same-railroad traffic in the first quarter of 2009 through February decreased by 9,960 carloads, or 7.9 percent, compared with the first quarter of 2008 through February. The decrease was principally due to declines of 4,582 carloads of pulp & paper traffic and 4,232 carloads of metals traffic. These decreases were partially offset by a 3,377 carload increase in farm & food products traffic and a 2,110 carload increase in coal, coke & ores traffic. All other same-railroad traffic decreased by a net 6,633 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. 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 3,000 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.
