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Press release from Business Wire

Genesee & Wyoming Reports Traffic for January 2013

Tuesday, February 12, 2013

Genesee & Wyoming Reports Traffic for January 201316:06 EST Tuesday, February 12, 2013 GREENWICH, Conn. (Business Wire) -- Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today reported traffic volumes for January 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 RA's 2012 carload information to conform with G&W's reporting methodology. G&W's traffic in January 2013 was 156,027 carloads, an increase of 83,140 carloads, or 114.1%, compared to G&W's traffic in January 2012, and an increase of 13,442 carloads, or 9.4%, compared to total January 2012 carloads pro forma for the RA acquisition. The tables below set forth consolidated summary carload information for January 2013 and January 2012.         January2013(1)         January 2012         % ChangeConsolidated G&WG&W         RA         Pro Forma(2)G&W         Pro Forma(2) Coal & Coke 27,367 13,136         12,342         25,478 108.3%         7.4% Agricultural Products 21,448 9,119 11,563 20,682 135.2% 3.7% Minerals & Stone 16,503 10,102 5,874 15,976 63.4% 3.3% Pulp & Paper 15,030 8,367 4,877 13,244 79.6% 13.5% Chemicals & Plastics 14,431 5,908 7,292 13,200 144.3% 9.3% Metals 14,396 8,921 6,218 15,139 61.4% -4.9% Lumber & Forest Products 11,269 5,283 3,971 9,254 113.3% 21.8% Petroleum Products 9,865 2,073 4,441 6,514 375.9% 51.4% Intermodal 5,363 3,528 - 3,528 52.0% 52.0% Metallic Ores 5,077 1,731 970 2,701 193.3% 88.0% Food or Kindred Products 4,473 771 4,068 4,839 480.2% -7.6% Waste 3,236 1,865 1,804 3,669 73.5% -11.8% Autos & Auto Parts 2,465 701 1,573 2,274 251.6% 8.4% Other 5,104 1,382         4,705         6,087 269.3% -16.1% Total carloads 156,027 72,887         69,698         142,585 114.1% 9.4% Carloads from New Railroads(3) 3,310 Same-railroad carloads 152,717 72,887         69,698         142,585 109.5% 7.1% (1)   Total carloads from G&W and RA (2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012 (3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, LLC; Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc. Excluding 3,310 total carloads from the Wellsboro & Corning Railroad, LLC, which RailAmerica acquired on April 9, 2012, Marquette Rail LLC, which RailAmerica acquired on May 1, 2012, and the Columbus & Chattahoochee Railroad, Inc., which G&W commenced operations on July 1, 2012, pro forma same-railroad traffic increased 10,132 carloads, or 7.1%, compared to January 2012. Petroleum products increased 3,156 carloads primarily due to increased shipments of crude oil and liquid propane gases in G&W's Pacific, Southern, Mountain West and Canada regions. Metallic ores traffic increased 2,376 carloads primarily due to increased shipments in G&W's Australia Region as a result of the start-up of a new iron ore mine and 2012 traffic levels being negatively affected by the Edith River Bridge closure. Lumber & forest products traffic increased 1,946 carloads primarily due to increased shipments in G&W's Pacific Region. Coal & coke traffic increased 1,889 carloads primarily due to increased shipments in G&W's Midwest Region, offset by a decline in G&W's Ohio Valley Region primarily due to the cessation of overhead coal shipments (formerly reported in G&W's Other commodity group). Intermodal traffic increased 1,835 units primarily due to increased shipments in G&W's Australia Region as a result of 2012 traffic levels being negatively affected by the Edith River Bridge closure. All remaining traffic decreased by a net 1,070 carloads. Carload Reporting for RailAmerica Inc. Traffic January 2012 carloads from RailAmerica Inc. railroads include eliminations of 2,039 carloads compared to RailAmerica's historically reported figures to remove duplication of traffic that interchanges with another owned railroad. This elimination conforms with G&W's 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 January 2013 and January 2012 on a consistent basis for these changes. Total pro forma 2012 carloads, as though G&W had acquired RA on January 1, 2012, are presented as an exhibit to this press release on a quarterly basis and inclusive of eliminations of 22,519 carloads. 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 more than 15,000 miles of owned and leased track, 4,500 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 January 2013 and January 2012:         January2013(1)         January 2012         % ChangeNorth American Operations:G&W         RA         Pro Forma(2)G&W         Pro Forma(2) Coal & Coke 27,367 13,136         12,342         25,478 108.3%         7.4% Agricultural Products 17,002 4,203 11,563 15,766 304.5% 7.8% Pulp & Paper 15,030 8,367 4,877 13,244 79.6% 13.5% Chemicals & Plastics 14,431 5,908 7,292 13,200 144.3% 9.3% Metals 14,396 8,921 6,218 15,139 61.4% -4.9% Minerals & Stone 11,572 5,077 5,874 10,951 127.9% 5.7% Lumber & Forest Products 11,269 5,283 3,971 9,254 113.3% 21.8% Petroleum Products 9,845 2,036 4,441 6,477 383.5% 52.0% Food or Kindred Products 4,473 771 4,068 4,839 480.2% -7.6% Waste 3,236 1,865 1,804 3,669 73.5% -11.8% Autos & Auto Parts 2,465 701 1,573 2,274 251.6% 8.4% Metallic Ores 1,747 920 970 1,890 89.9% -7.6% Intermodal 496 170 - 170 191.8% 191.8% Other 5,104 1,382         4,705         6,087 269.3% -16.1% Total carloads 138,433 58,740         69,698         128,438 135.7% 7.8% Carloads from New Railroads(3) 3,310 Same-railroad carloads 135,123 58,740         69,698         128,438 130.0% 5.2% (1)   Total carloads from G&W and RA (2) Pro forma as though G&W had acquired RailAmerica on January 1, 2012 (3) Total carloads from rail operations commenced or acquired by G&W and RA in the last 12 months, including Wellsboro & Corning Railroad, LLC; Marquette Rail LLC and Columbus & Chattahoochee Railroad, Inc. The table below sets forth Australian carloading information for January 2013 and January 2012:         January         January         Australian Operations:20132012         % Change Minerals & Stone 4,931 5,025 -1.9% Intermodal 4,867 3,358 44.9% Agricultural Products 4,446 4,916 -9.6% Metallic Ores 3,330 811 310.6% Petroleum Products 20 37 -45.9% Total carloads 17,594 14,147 24.4% The table below sets forth total pro forma G&W carloads for 2012 as though the RA railroads were acquired on January 1, 2012. Pro Forma 2012 G&W Carloads         Q1 2012         Q2 2012         Q3 2012         Q4 2012         Total 2012 Coal & Coke 72,594         72,513         88,582         73,602         307,291 Agricultural Products 64,237 63,819 50,440 57,312 235,808 Minerals & Stone 48,350 60,098 55,503 51,069 215,020 Metals 46,448 42,740 40,618 38,157 167,963 Pulp & Paper 38,800 38,383 41,860 40,410 159,453 Chemicals & Plastics 39,513 39,382 39,450 39,037 157,382 Lumber & Forest Products 28,929 31,952 32,090 32,647 125,618 Petroleum Products 19,061 17,576 20,820 23,855 81,312 Intermodal 13,456 16,710 17,754 18,786 66,706 Food or Kindred Products 14,229 13,928 14,395 14,193 56,745 Metallic Ores 9,862 13,578 14,109 14,197 51,746 Waste 10,288 10,519 10,987 10,944 42,738 Autos & Auto Parts 7,672 8,023 7,600 8,047 31,342 Other 17,478         17,462         17,985         16,662         69,587 Total Pro Forma G&W carloads430,917         446,683         452,193         438,918         1,768,711 Genesee & Wyoming Inc.Thomas D. Savage, 1-203-629-3722Vice President ? Corporate Development & TreasurerWeb Site: http://www.gwrr.com