Genesee & Wyoming Inc. Reports Traffic for September 2011 and the Third Quarter of 2011

Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for September 2011 and the third quarter of 2011.

GWI's traffic in September 2011 was 83,608 carloads, an increase of 9,837 carloads, or 13.3 percent, compared with September 2010. GWI's traffic in the third quarter of 2011 was 256,190 carloads, an increase of 33,629 carloads, or 15.1 percent, compared to the third quarter of 2010.

The table below sets forth consolidated carloading information for September 2011 and September 2010. Additional carload information for GWI's North American and Australian operations is included as an exhibit to this press release.

Excluding 7,147 carloads from the FreightLink Acquisition(1), which closed December 1, 2010, and 1,176 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011, same-railroad traffic in September 2011 increased 1,514 carloads, or 2.1 percent, compared with September 2010. The increase was principally due to a 1,864 carload increase in coal & coke traffic primarily in GWI's Illinois Region. All remaining traffic decreased by a net 350 carloads.

The table below sets forth consolidated carloading information for the third quarter of 2011 and the third quarter of 2010. Additional carload information for GWI's North American and Australian operations is included as an exhibit to this press release.

Excluding 21,635 carloads from the FreightLink Acquisition(1) and 1,176 carloads from AZER, same-railroad traffic in the third quarter of 2011 increased 10,818 carloads, or 4.9 percent, compared with the third quarter of 2010. The traffic increase was principally due to increases of 3,664 carloads of farm & food products, 3,539 carloads of coal & coke traffic and 2,347 carloads of minerals & stone traffic. All remaining traffic increased by a net 1,268 carloads.

Carload Reporting for Huron Central Railway

The carloads in this press release include traffic from the Huron Central Railway (HCRY) as follows: 1,281 carloads in September 2011, 1,422 carloads in September 2010, 4,185 carloads in the third quarter of 2011 and 4,238 carloads in the third quarter of 2010. On June 15, 2009, GWI announced its intent to discontinue operations of HCRY. After negotiations with certain customers and government entities, HCRY entered into an interim agreement to continue operations. Because of the nature of the temporary agreement, during this interim period, which lasted from August 15, 2009 through December 31, 2010, GWI did not include HCRY's carloads in its monthly carloading press release. On January 1, 2011, HCRY started operating under a new agreement with certain customers and GWI resumed including HCRY traffic in its monthly carloading press release. To facilitate comparison to the prior year in this press release, GWI has included HCRY carloads from September 2010 and the third quarter of 2010 which were not previously included in the press release for the same period in 2010.

Carload Reporting After FreightLink Acquisition

Since acquiring FreightLink, GWI is reporting two new commodity groups, Intermodal and Metallic Ores. Intermodal units included in freight revenues are reported consistent with the Association of American Railroads (AAR) convention. Previously, Intermodal traffic was reported on a carload basis and included in the Other commodity group. The change in reporting intermodal traffic on a unit basis rather than on a carload basis increases previously reported September 2010 volume by an additional 228 carloads and the third quarter of 2010 by an additional 933 carloads. Metallic Ores traffic had previously been included in three commodity groups: Coal, Coke & Ores, Minerals & Stone and Metals commodity groups.

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. 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.

GWI owns and operates short line and regional freight railroads in the United States, Australia, Canada, the Netherlands and Belgium. In addition, we operate the Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 64 railroads organized in 10 regions, with approximately 7,500 miles of owned and leased track and approximately 1,400 additional miles under track access arrangements. We provide rail service at 17 ports in North America and Europe and perform contract coal loading and railcar switching for industrial customers.

(1) On December 1, 2010 GWI purchased certain assets from FreightLink Pty Ltd (receivers and managers appointed) (FL), Asia Pacific Transport Pty Ltd (receivers and managers appointed) (APT) and the other APT joint venture sellers (together with FL and APT, “FreightLink Acquisition” or "FreightLink")

Exhibit

The table below sets forth North American carloading information for September 2011 and September 2010:

The table below sets forth North American carloading information for the third quarter of 2011 and the third quarter of 2010:

The table below sets forth Australian carloading information for September 2011 and September 2010:

The table below sets forth Australian carloading information for the third quarter of 2011 and the third quarter of 2010: