Genesee & Wyoming Update on Derailed Train

GREENWICH, CT--December 28, 2011: Genesee & Wyoming Inc. (GWI) today reported that a train operated by its subsidiary Genesee & Wyoming Australia Pty Ltd (GWA) derailed in the vicinity of the Edith River bridge approximately 40 km north of Katherine, Northern Territory, at approximately 5:45 a.m. local time December 27.

Flood waters associated with heavy rainfall from Cyclone Grant washed away the southern abutment of the Edith River bridge while a northbound GWA intermodal train consisting of three locomotives, an unoccupied crew van and 33 wagons was passing over en route to Darwin. The crew van, three wagons containing intermodal containers and two wagons containing copper concentrate were derailed into the river. One of the two GWA crew members received non-life-threatening injuries in the incident and is recovering in the hospital. The extent of any damage from the derailed loading will be determined following an investigation.

The railroad segment between Katherine and Darwin is out of service. Crews are inspecting the bridge and making plans for restoring service over the approximately 350-meter affected segment. It is not yet known how long repairs will take.

Further information will be announced as it becomes available.

GWA, a wholly owned subsidiary of GWI, operates the 2,200-km Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia.

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 with the Australian interstate rail network in South Australia. Operations currently include 64 railroads organized in 10 regions, with more than 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.