Exhibit 99.1

Genesee & Wyoming Reports Results for the Third Quarter of 2011

GREENWICH, Conn.--(BUSINESS WIRE)--November 1, 2011--Genesee & Wyoming Inc. (GWI) (NYSE: GWR) reported net income in the third quarter of 2011 of $32.9 million, compared with net income of $24.8 million in the third quarter of 2010. GWI's diluted earnings per share (EPS) in the third quarter of 2011 were $0.77 with 42.8 million weighted average shares outstanding, compared with diluted EPS of $0.59 with 41.9 million weighted average shares outstanding in the third quarter of 2010.

GWI’s income from continuing operations in the third quarter of 2011 was $33.0 million, or $0.77 per diluted share, compared with income from continuing operations of $22.1 million, or $0.53 per diluted share in the third quarter of 2010.

GWI's effective income tax rate in the third quarter of 2011 was 27.2%, compared with 35.4% in the third quarter of 2010, primarily due to a benefit of $2.8 million from the extension of the short line tax credit in the fourth quarter of 2010.

In the third quarter of 2011 and 2010, GWI's results included certain significant items that are set forth in the table below ($ in millions, except per share amounts).

Comments from the Chief Executive Officer

Jack Hellmann, President and CEO of GWI commented, “Our business continues to perform well, as third quarter operating revenues increased 39% to $217 million and third quarter operating income increased 46% to $56 million, both company records. Our operating ratio was 74.0% in North America and Europe, another company record, and our operating ratio in Australia was 74.7%.”

“We remain pleased with the performance of our recent acquisitions and investments. In the United States, the first month of operations of the Arizona Eastern Railway was in-line with our acquisition plan. In Canada, we are experiencing additional growth in iron ore shipments under our new contracts in the Labrador Trough. In Australia, shipments on the Alice Springs to Darwin rail line are strong and we expect that the recently completed acquisition of iron ore assets of WPG Resources by OneSteel will drive a significant increase in our iron ore traffic in South Australia starting in 2012. In addition, we remain actively engaged in several other potential acquisitions and investments particularly related to the natural resources sector in both North America and Australia.”

Results from Continuing Operations

In the third quarter of 2011, GWI's operating revenues increased $60.7 million, or 38.8%, to $217.2 million, compared with $156.5 million in the third quarter of 2010. Excluding $41.7 million in revenues from GWA (North) Pty Ltd (GWA North), GWI’s subsidiary that acquired certain assets of FreightLink on December 1, 2010, and the Arizona Eastern Railway (AZER), which GWI acquired on September 1, 2011, same railroad operating revenues increased $26.2 million, or 16.7%. During the third quarter of 2011, the appreciation of the Australian dollar, the Canadian dollar and the Euro versus the U.S. dollar, increased same railroad operating revenues by $5.3 million. Excluding the impact from foreign currency appreciation, GWI’s same railroad operating revenues increased $20.9 million, or 13.4%.

Same railroad freight revenues in the third quarter of 2011 increased $19.9 million, or 20.7%, to $115.7 million, compared with $95.9 million in the third quarter of 2010. Excluding the $2.3 million net impact from foreign currency appreciation, GWI’s same railroad freight revenues increased by $17.5 million, or 18.3%.

GWI's traffic in the third quarter of 2011 was 256,190 carloads, an increase of 37,867 carloads, or 17.3%, compared with the third quarter of 2010. Excluding 22,811 carloads from GWA North and AZER, same railroad traffic in the third quarter of 2011 increased 15,056 carloads, or 6.9%. The traffic increase was principally due to increases of 3,674 carloads of metals traffic, 3,664 carloads of farm and food products traffic, 3,539 carloads of coal traffic and 2,560 carloads of minerals and stone traffic. All remaining traffic increased by a net 1,619 carloads.

Same railroad average revenues per carload increased 13.0% in the third quarter of 2011. Higher fuel surcharges, the appreciation of the Australian and Canadian dollars versus the U.S. dollar and a favorable change in commodity mix increased average revenues per carload by 3.2%, 2.7% and 0.3%, respectively. Excluding these factors, same railroad average revenues per carload increased 6.8%.

GWI’s same railroad non-freight revenues in the third quarter of 2011 increased $6.4 million, or 10.5%, to $67.0 million compared with $60.6 million in the third quarter of 2010. Excluding the $3.0 million net impact from foreign currency appreciation, GWI’s same railroad non-freight revenues increased $3.4 million, or 5.6%, primarily due to higher switching revenues in the U.S., Australia and Canada.

GWI's operating income in the third quarter of 2011 was $56.0 million, an increase of $17.5 million, or 45.5%, compared with $38.5 million in the third quarter of 2010. The operating ratio was 74.2% in the third quarter of 2011 compared with an operating ratio of 75.4% in the third quarter of 2010. In the third quarter of 2011, operating income included $1.2 million of acquisition-related expenses and refinancing-related costs, partially offset by $0.6 million in net gain on sale of assets. In the third quarter of 2010, operating income benefited from $2.4 million in net gain on sale of assets and the reversal of $2.3 million of restructuring charges associated with the second quarter 2009 impairment of the Huron Central Railway, partially offset by FreightLink acquisition-related expenses of $3.0 million. Excluding these items, GWI's operating ratio was 73.9% in the third quarter of 2011, compared with an operating ratio of 76.5% in the third quarter of 2010, an improvement of 2.6 percentage points. (1)

Nine Month Consolidated Results – Continuing Operations

For the nine months ended September 30, 2011, GWI reported income from continuing operations of $86.2 million, a 46.8% increase over $58.7 million for the nine months ended September 30, 2010. GWI's diluted earnings per share from continuing operations were $2.02 for the nine months ended September 30, 2011 (with 42.7 million weighted average shares outstanding), a 43.3% increase over $1.41 for the nine months ended September 30, 2010 (with 41.7 million weighted average shares outstanding).

GWI’s nine month results for 2011 included a net tax benefit of $7.6 million (or $0.18 per diluted share) associated with the short line tax credit, which was extended in December 2010.

Free Cash Flow from Continuing Operations (2)

(a) The 2011 period primarily included $89.5 million in net cash paid for the acquisition of AZER.

(b) Reflects Australian stamp duty expenses accrued as of December 31, 2010, but paid in 2011.

GWI’s continuing operations generated free cash flow of $55.1 million and $98.9 million for the nine months ended September 30, 2011 and 2010, respectively. For the nine months ended September 30, 2011, changes in working capital decreased net cash flow from operating activities by $28.3 million. Of the $28.3 million, $13.7 million was due to an increase in accounts receivable driven by the increase in business in 2011 and $14.2 million was due to a reduction in accounts payable and accrued expenses. The $14.2 million included $13.0 million associated with the payment of Australian stamp duty for the acquisition of FreightLink in Australia. For the nine months ended September 30, 2010, changes in working capital increased net cash flow from operating activities by $11.9 million.

Net cash used in investing activities of $172.1 million for the nine months ended September 30, 2011, included $106.4 million in purchases of property and equipment, including $46.7 million for the investment in new Australian locomotives and wagons and $89.9 million in net cash paid for acquisitions, partially offset by $18.8 million in grant proceeds received from outside parties and $4.1 million from sales of assets. Net cash used in investing activities for the nine months ended September 30, 2010, included $57.6 million in purchases of property and equipment, partially offset by $25.2 million in grant proceeds received from outside parties and $4.1 million from sales of assets.

Conference Call and Webcast Details

As previously announced, GWI's conference call to discuss financial results for the third quarter will be held Tuesday, November 1, 2011, at 11 a.m. EDT. The dial-in number for the teleconference is (800) 230-1059; outside U.S., call (612) 234-9959, or the call may be accessed live over the Internet (listen only) under the "Investors" tab of GWI's website (http://www.gwrr.com), by selecting "Third Quarter Earnings Audio Webcast." Management will be referring to a slide presentation that will also be available under the “Investors” tab of GWI’s website prior to the conference call. An audio replay of the conference call will be accessible via the “Investors” tab of GWI's website starting at 1 p.m. EDT on November 1, 2011, until the following quarter’s results are posted. Telephone replay is available for 30 days beginning at 1 p.m. EDT on November 1, 2011, by dialing (800) 475-6701 (or outside U.S., dial 320-365-3844). The access code is 186288.

About Genesee & Wyoming Inc.

GWI owns and operates short line and regional freight railroads 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 approximately 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.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements regarding future events and the future performance of Genesee & Wyoming Inc. that are based on current expectations, estimates and projections about our industry, management's beliefs, and assumptions made by management. Words such as "anticipates," "intends," "plans," "believes," “should,” "seeks," "expects," "estimates," variations of these words and similar expressions are intended to identify these forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions, including the following risks applicable to all of our operations: risks related to the acquisition and integration of railroads; economic and competitive uncertainties and contingencies and third-party approvals; economic, political and industry conditions; customer demand, retention and contract continuation; legislative and regulatory developments, including changes in environmental and other laws and regulations to which we are subject; increased competition in relevant markets; funding needs and financing sources; unpredictability of fuel costs; susceptibility to various legal claims and lawsuits; strikes or work stoppages; severe weather conditions and other natural occurrences; and others including but not limited to, those noted in our 2010 Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors,” many of which are beyond our control. Therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements. Forward-looking statements speak only as of the date of this press release or as of the date they were made. GWI disclaims any intention to update the current expectations or forward-looking statements contained in this press release.

(1) The operating incomes and operating ratios that exclude the items described above are non-GAAP financial measures and are not intended to replace the operating income and operating ratios calculated using total operating expenses and total revenues, calculated on a basis consistent with GAAP. The information required by Item 10(e) of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934 and Regulation G under the Securities Exchange Act of 1934, including reconciliation to the operating income and operating ratios calculated using amounts determined in accordance with GAAP, is included in the tables attached to this press release.

(2) Free cash flow is a non-GAAP financial measure and is not intended to replace net cash provided by operating activities, its most directly comparable GAAP measure. The information required by Item 10(e) of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934 and Regulation G under the Securities Exchange Act of 1934, including a reconciliation to net cash provided by operating activities, is included in the tables attached to this press release.

Reconciliation of non-GAAP Financial Measures

This earnings release contains references to adjusted operating ratios and free cash flow, which are "non-GAAP financial measures" as this term is defined in Regulation G of the Securities Exchange Act of 1934. In accordance with Regulation G, GWI has reconciled these non-GAAP financial measures to their most directly comparable U.S. GAAP measures.

Adjusted Operating Ratios Description and Discussion

Management views its Operating Ratio, calculated as Operating Expenses divided by Operating Revenues, as an important measure of GWI’s operating performance. Because management believes this information is useful for investors in assessing GWI’s financial results compared with the same period in the prior year, the Operating Ratio for the three months ended September 30, 2011, used to calculate Adjusted Operating Ratio, is presented excluding acquisition and refinancing costs and net gain on sale of assets. The Operating Ratio for the three months ended September 30, 2010, used to calculate Adjusted Operating Ratio, is presented excluding net gain on sale of assets, restructuring charges associated with the second quarter 2009 impairment of the Huron Central Railway and FreightLink acquisition-related costs. The Adjusted Operating Ratios presented excluding these effects are not intended to represent, and should not be considered more meaningful than, or as an alternative to, the Operating Ratios calculated using amounts in accordance with GAAP. Adjusted Operating Ratio may be different from similarly-titled non-GAAP financial measures used by other companies.

The following table sets forth a reconciliation of GWI’s Operating Ratios calculated using amounts determined in accordance with GAAP to the Adjusted Operating Ratios described above ($ in millions):

Free Cash Flow Description and Discussion

Management views Free Cash Flow as an important financial measure of how well GWI is managing its assets. Subject to the limitations discussed below, Free Cash Flow is a useful indicator of cash flow that may be available for discretionary use by GWI. Free Cash Flow is defined as Net Cash Provided by Operating Activities from Continuing Operations less Net Cash Used in Investing Activities from Continuing Operations, excluding cash paid /(received) for acquisitions/divestitures and cash paid for acquisition-related expenses. Key limitations of the Free Cash Flow measure include the assumptions that GWI will be able to refinance its existing debt when it matures and meet other cash flow obligations from financing activities, such as principal payments on debt. Free Cash Flow is not intended to represent, and should not be considered more meaningful than, or as an alternative to, measures of cash flow determined in accordance with GAAP. Free Cash Flow may be different from similarly-titled non-GAAP financial measures used by other companies.

The following table sets forth a reconciliation of GWI’s Net Cash Provided by Operating Activities from Continuing Operations to GWI’s Free Cash Flow ($ in millions):

CONTACT:
GWI Corporate Communications
Michael Williams, 1-203-629-3722
mwilliams@gwrr.com