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Press release from Business Wire

Genesee & Wyoming Inc. Reports Traffic for November 2012

Thursday, December 13, 2012

Genesee & Wyoming Inc. Reports Traffic for November 201206:30 EST Thursday, December 13, 2012 GREENWICH, Conn. (Business Wire) -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for November 2012. GWI's traffic in November 2012 was 75,048 carloads, a decrease of 5,406 carloads, or 6.7 percent, compared with November 2011. GWI's traffic in the fourth quarter of 2012 through November was 155,289 carloads, a decrease of 9,496 carloads, or 5.8 percent, compared to the fourth quarter of 2011 through November. The table below sets forth consolidated carloading information for November 2012 and November 2011. Additional carload information for GWI's North American and Australian operations is included as an exhibit to this press release.   Genesee & Wyoming Inc. by Commodity Group         November       November       2012 2011 % Change Consolidated: Coal & Coke 13,643 15,201 -10.2% Minerals & Stone 10,964 11,822 -7.3% Pulp & Paper 8,458 7,617 11.0% Metals 7,096 7,396 -4.1% Farm & Food Products 6,265 9,322 -32.8% Lumber & Forest Products 6,257 4,922 27.1% Intermodal* 6,055 5,733 5.6% Chemicals & Plastics 5,484 5,413 1.3% Metallic Ores** 3,674 3,241 13.4% Petroleum Products 2,885 2,606 10.7% Autos & Auto Parts 959 742 29.2% Other 3,308 6,439 -48.6% Total carloads 75,048 80,454 -6.7%   * - Represents intermodal units ** - Includes carloads and intermodal units   Excluding 210 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, and 1,408 carloads from the Columbus & Chattahoochee Railroad, Inc. (CCH), which commenced operations on July 1, 2012, same-railroad traffic in November 2012 decreased 7,024 carloads, or 8.7 percent, compared with November 2011. Farm & food products traffic decreased 3,156 carloads primarily due to reduced shipments in GWI's Australia Region as a result of an accelerated shipping schedule earlier in 2012, as well as an ongoing mechanical failure at an export grain terminal in Adelaide, South Australia.GWI's other commodity group traffic decreased 3,131 carloads in November 2012 primarily due to the cessation of overhead coal shipments in GWI's Ohio Region. Coal & coke traffic decreased 1,558 carloads primarily due to reduced shipments in GWI's Ohio Region, largely due to planned upgrades at a coal utility customer. Minerals & stone traffic decreased 1,102 carloads primarily due to reduced salt shipments in GWI's New York/Pennsylvania Region resulting from the mild 2011/2012 winter weather. These decreases were partially offset by a 1,304 carload increase in lumber & forest products traffic primarily due to increased shipments in GWI's Oregon Region. All remaining traffic increased by a net 619 carloads. The table below sets forth consolidated carloading information for the fourth quarter of 2012 through November and the fourth quarter of 2011 through November. Additional carload information for GWI's North American and Australian operations is included as an exhibit to this press release.   Genesee & Wyoming Inc. by Commodity Group         QTD Nov       QTD Nov       2012 2011 % Change Consolidated: Coal & Coke 29,201 32,328 -9.7% Minerals & Stone 22,733 23,906 -4.9% Pulp & Paper 17,210 15,349 12.1% Metals 14,366 15,650 -8.2% Lumber & Forest Products 13,001 10,463 24.3% Farm & Food Products 12,660 18,631 -32.0% Intermodal* 12,595 11,500 9.5% Chemicals & Plastics 11,014 10,649 3.4% Metallic Ores** 7,686 6,285 22.3% Petroleum Products 5,920 5,185 14.2% Autos & Auto Parts 1,820 1,554 17.1% Other 7,083 13,285 -46.7% Total carloads 155,289 164,785 -5.8%   * - Represents intermodal units ** - Includes carloads and intermodal units   Excluding 335 carloads from HAL and 2,657 carloads from CCH, same-railroad traffic in the fourth quarter of 2012 through November decreased 12,488 carloads, or 7.6 percent, compared with the fourth quarter of 2011 through November. The traffic decrease was principally due to decreases of 6,202 carloads of other commodity group traffic (primarily overhead coal in GWI's Ohio Region), 6,170 carloads of farm & food products traffic (primarily grain in GWI's Australia Region), and 3,127 carloads of coal & coke traffic (primarily GWI's Ohio Region), partially offset by an increase of 2,472 carloads of lumber & forest products traffic (primarily GWI's Oregon Region). All remaining traffic increased by a net 539 carloads. Carload Reporting for Metallic Ores Traffic Effective January 1, 2012, a portion of GWI's metallic ores commodity group includes intermodal containers as a result of a change in rail logistics and equipment for a customer in GWI's Australia Region. The impact of this change increased traffic by 448 carloads in November 2012 and 992 carloads in the fourth quarter of 2012 through November. RailAmerica, Inc. Acquisition and Carload Reporting On October 1, 2012, GWI acquired RailAmerica, Inc. (RailAmerica), at which time RailAmerica simultaneously deregistered its common stock and delisted from the New York Stock Exchange. Immediately following the closing of the acquisition, control of RailAmerica was placed into a voting trust with R. Lawrence McCaffrey appointed as trustee. The trust will remain in effect until the U.S. Surface Transportation Board (STB) issues its decision on GWI's application to control RailAmerica and its railroads, which decision will be issued no later than January 4, 2013, which by statute would be effective no later than February 3, 2013. For the pendency of the trust, GWI will account for its ownership of RailAmerica under the equity method of accounting and RailAmerica will continue to report its carloadings independent of those of GWI. RailAmerica's November 2012 carloadings press release is posted on RailAmerica's website www.railamerica.com. Other 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 and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. In addition, GWI operates the Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 66 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 23 ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers. RailAmerica, Inc. owns and operates short line and regional freight railroads in North America, operating a portfolio of 45 individual railroads with approximately 7,500 miles of track in 28 U.S. states and three Canadian provinces. Exhibit The table below sets forth North American carloading information for November 2012 and November 2011:           November       November       2012 2011 % Change North America Operations: Coal & Coke 13,643 15,201 -10.2% Pulp & Paper 8,458 7,617 11.0% Metals 7,096 7,396 -4.1% Lumber & Forest Products 6,257 4,922 27.1% Minerals & Stone 5,761 7,380 -21.9% Chemicals & Plastics 5,484 5,413 1.3% Farm & Food Products 4,772 3,927 21.5% Petroleum Products 2,862 2,568 11.4% Autos & Auto Parts 959 742 29.2% Metallic Ores 880 1,095 -19.6% Intermodal* 376 226 66.4% Other 3,308 6,439 -48.6% Total carloads 59,856 62,926 -4.9%   * - Represents intermodal units   The table below sets forth North American carloading information for the fourth quarter of 2012 through November and the fourth quarter of 2011 through November:           QTD Nov       QTD Nov       2012 2011 % Change North America Operations: Coal & Coke 29,201 32,328 -9.7% Pulp & Paper 17,210 15,349 12.1% Metals 14,366 15,650 -8.2% Lumber & Forest Products 13,001 10,463 24.3% Minerals & Stone 12,072 14,819 -18.5% Chemicals & Plastics 11,014 10,649 3.4% Farm & Food Products 9,590 7,675 25.0% Petroleum Products 5,863 5,106 14.8% Metallic Ores 1,971 2,178 -9.5% Autos & Auto Parts 1,820 1,554 17.1% Intermodal* 1,053 512 105.7% Other 7,083 13,285 -46.7% Total carloads 124,244 129,568 -4.1%   * - Represents intermodal units   The table below sets forth Australian carloading information for November 2012 and November 2011:           November       November       2012 2011 % Change Australian Operations: Intermodal* 5,679 5,507 3.1% Minerals & Stone 5,203 4,442 17.1% Metallic Ores** 2,794 2,146 30.2% Farm & Food Products 1,493 5,395 -72.3% Petroleum Products 23 38 -39.5% Total carloads 15,192 17,528 -13.3%   * - Represents intermodal units ** - Includes carloads and intermodal units   The table below sets forth Australian carloading information for the fourth quarter of 2012 through November and the third quarter of 2011 through November:   QTD Nov   QTD Nov   2012 2011 % Change Australian Operations: Intermodal* 11,542 10,988 5.0% Minerals & Stone 10,661 9,087 17.3% Metallic Ores** 5,715 4,107 39.2% Farm & Food Products 3,070 10,956 -72.0% Petroleum Products 57 79 -27.8% Total carloads 31,045 35,217 -11.8%   * - Represents intermodal units ** - Includes carloads and intermodal units   Genesee & Wyoming Inc.Thomas D. Savage, 1-203-629-3722Vice President ? Corporate Development & Treasurerhttp://www.gwrr.com