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Genesee & Wyoming Signs Agreement to Lease Rail Line in Southeast Alabama from Norfolk Southern

GREENWICH, Conn.--(BUSINESS WIRE)--Apr. 30, 2012-- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that its newly formed subsidiary, the Columbus & Chattahoochee Railroad, Inc. (CCR), has signed an agreement with Norfolk Southern Railway Company (NS) to lease and operate a 26-mile segment of NS track that runs from Girard, Alabama, to Mahrt, Alabama. The CCR will interchange with NS in Columbus, Georgia, where GWI’s Georgia Southwestern Railroad also has operations.

The CCR expects to commence operations on the leased line in July 2012 with 17 employees and six locomotives. The CCR anticipates handling approximately 17,000 carloads per year, consisting primarily of coated paperboard-related traffic as well as other general merchandise shipments. The CCR will be operated as part of GWI’s Southern Region under the leadership of Gerald T. Gates. Please see the link below for a map of the CCR and adjacent GWI railroads.

GWI owns and operates short line and regional freight railroads and provides railcar switching services 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 to the Australian interstate rail network in South Australia. Operations currently include 65 railroads organized in 10 regions, with more than 7,600 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.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Genesee & Wyoming's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.

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Source: Genesee & Wyoming Inc.

Genesee & Wyoming Inc.
Michael E. Williams, 203-413-2116
Director, Corporate Communications