Press Release

Genesee & Wyoming Inc. Reports Traffic for June 2010 and the Second Quarter of 2010

GREENWICH, Conn., Jul 14, 2010 (BUSINESS WIRE) -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for June 2010 and the second quarter of 2010.

GWI's traffic in June 2010 was 73,347 carloads, an increase of 9,806 carloads, or 15.4 percent, compared with June 2009. GWI's traffic in the second quarter of 2010 was 217,029 carloads, an increase of 31,248 carloads, or 16.8 percent, compared to the second quarter of 2009.

The table below sets forth carloading information for June 2010 and June 2009:

Genesee & Wyoming Inc. June % of June % of
by Commodity Group 2010 Total 2009 Total
Coal, Coke & Ores 14,857 20.3% 15,573 24.5%
Minerals & Stone 11,976 16.3% 11,968 18.8%
Farm & Food Products 9,525 13.0% 6,452 10.1%
Metals 8,262 11.3% 5,062 8.0%
Pulp & Paper 7,861 10.7% 7,180 11.3%
Lumber & Forest Products 5,342 7.3% 5,225 8.2%
Chemicals-Plastics 5,136 7.0% 4,039 6.4%
Petroleum Products 2,588 3.5% 2,324 3.7%
Autos & Auto Parts 976 1.3% 681 1.1%
Other 6,824 9.3% 5,037 7.9%
Total 73,347 100.0% 63,541 100.0%

Metals traffic grew 3,200 carloads primarily due to increased steel shipments in GWI's New York/Ohio/Pennsylvania and Southern Regions. Farm & food products traffic grew 3,073 carloads primarily due to increased grain shipments in GWI's Australia Region. Traffic in GWI's other commodity group grew 1,787 carloads primarily due to increased overhead coal shipments in GWI's New York/Ohio/Pennsylvania Region. All other traffic increased by a net 1,746 carloads.

The table below sets forth carloading information for the second quarter of 2010 and the second quarter of 2009:

Genesee & Wyoming Inc. 2nd Qtr % of 2nd Qtr % of
by Commodity Group 2010 Total 2009 Total
Coal, Coke & Ores 44,044 20.3% 42,606 23.0%
Minerals & Stone 34,253 15.8% 35,167 18.9%
Farm & Food Products 29,630 13.7% 22,316 12.0%
Metals 24,836 11.4% 14,616 7.9%
Pulp & Paper 21,570 9.9% 21,228 11.4%
Lumber & Forest Products 16,766 7.7% 14,885 8.0%
Chemicals-Plastics 14,262 6.6% 12,137 6.5%
Petroleum Products 6,851 3.2% 6,624 3.6%
Autos & Auto Parts 3,013 1.4% 2,055 1.1%
Other 21,804 10.0% 14,147 7.6%
Total 217,029 100.0% 185,781 100.0%

The traffic increase in the second quarter of 2010 compared to the second quarter of 2009 was principally due to increases of 10,220 carloads of metals traffic, 7,657 carloads of other traffic, and 7,314 carloads of farm & food products traffic. All other traffic increased by a net 6,057 carloads.

On June 15, 2009 GWI announced its intent to discontinue operations of its Huron Central Railway (HCRY) in the fourth quarter of 2009. GWI now operates HCRY under a temporary service contract through August 14, 2010. Starting in August 2009 HCRY carloads are no longer included in this carloadings press release due to the structure of this temporary contract. To facilitate comparison to the prior year, GWI has excluded 735 total HCRY carloads from June 2009 and 2,408 carloads from the second quarter of 2009 in this press release. However, carloads reported in GWI's Form 10-Q will include HCRY traffic through July 2009.

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. Operations currently include 62 railroads organized in nine regions, with approximately 6,000 miles of owned and leased track and approximately 3,400 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.

SOURCE: Genesee & Wyoming Inc. 

Genesee & Wyoming Inc.
Matthew O. Walsh, 1-203-629-3722
Senior Vice President - Corporate Development and Treasurer
Web Site: http://www.gwrr.com