Genesee & Wyoming Inc. is a holding company that, through its subsidiaries and unconsolidated affiliates, owns and operates short line and regional freight railroads and provides related rail services in North America, South America and Australia

http://www.gwrr.com

Genesee & Wyoming Inc. Reports Traffic for December 2009 and the Fourth Quarter of 2009
GREENWICH, Conn., Jan. 14, 2010 /PRNewswire via COMTEX/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for December 2009 and the fourth quarter of 2009. 
GWI's traffic in December 2009 was 61,917 carloads, a decrease of 7,674 carloads, or 11.0 percent, compared with December 2008. GWI's traffic in the fourth quarter of 2009 was 187,471 carloads, a decrease of 33,982 carloads, or 15.3 percent, compared with the fourth quarter of 2008. 
The table below sets forth carloading information for December 2009 and December 2008: 
    Genesee & Wyoming Inc.      December        % of     December       % of
    by Commodity Group              2009       Total         2008      Total

    Coal, Coke & Ores             15,817       25.5%       19,072      27.4%
    Minerals & Stone               9,049       14.6%       10,226      14.7%
    Pulp & Paper                   7,559       12.2%        8,712      12.5%
    Farm & Food Products           6,563       10.6%        8,889      12.8%
    Metals                         4,785        7.7%        5,423       7.8%
    Lumber & Forest Products       4,497        7.3%        3,867       5.6%
    Chemicals-Plastics             4,000        6.5%        3,852       5.5%
    Petroleum Products             2,786        4.5%        2,200       3.2%
    Autos & Auto Parts               726        1.2%          298       0.4%
    Other                          6,135        9.9%        7,052      10.1%

    Total                         61,917      100.0%       69,591     100.0%
Coal, coke & ores traffic decreased 3,255 carloads primarily due to lower shipments in GWI's Illinois and New York/Ohio/Pennsylvania Regions. Farm & food products traffic decreased 2,326 carloads primarily due to fewer grain shipments in GWI's Australia Region resulting from temporary shipment delays for the 2009-2010 South Australian grain harvest. All other traffic decreased by a net 2,093 carloads. 

Genesee & Wyoming Reports Results for the Third Quarter of 2009
GREENWICH, Conn., Nov. 3, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) reported net income in the third quarter of 2009 of $21.7 million, compared with net income of $21.2 million in the third quarter of 2008. GWI's diluted earnings per share (EPS) in the third quarter of 2009 were $0.53 with 41.2 million weighted average shares outstanding, compared with diluted EPS of $0.58 with 36.6 million weighted average shares outstanding in the third quarter of 2008.
GWI's income from continuing operations in the third quarter of 2009 was $19.6 million, or $0.48 per diluted share, compared with income from continuing operations of $20.1 million, or $0.55 per diluted share in the third quarter of 2008. 
In the third quarter of 2009, GWI completed the sale of both its Mexican operations and Bolivian investment. The sale of GWI's Mexican operations resulted in a gain of $2.2 million ($2.4 million after-tax, or $0.06 per diluted share) in discontinued operations and GWI realized total cash proceeds of $2.2 million. The sale of GWI's Bolivian investment resulted in a gain of $0.4 million ($0.4 million after-tax, or $0.01 per diluted share) from continuing operations and cash proceeds of $3.8 million.
 

Genesee & Wyoming Inc. Reports Traffic for September 2009 and the Third Quarter of 2009
GREENWICH, Conn., Oct. 13, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for September 2009 and the third quarter of 2009.
GWI's traffic in September 2009 was 63,607 carloads, a decrease of 1,250 carloads, or 1.9 percent, compared with September 2008. GWI's traffic in the third quarter of 2009 was 197,087 carloads, a decrease of 4,457 carloads, or 2.2 percent, compared with the third quarter of 2008.
The table below sets forth carloading information for September 2009 and September 2008:
    Genesee & Wyoming Inc.         September      % of   September      % of
    by Commodity Group                  2009     Total        2008     Total

    Coal, Coke & Ores                 15,844     24.9%      14,842     22.9%
    Minerals & Stone                  12,058     19.0%      13,057     20.1%
    Pulp & Paper                       7,014     11.0%       9,736     15.0%
    Metals                             5,859      9.2%       7,799     12.0%
    Lumber & Forest Products           5,417      8.5%       6,534     10.1%
    Farm & Food Products               4,764      7.5%       4,357      6.7%
    Chemicals-Plastics                 3,945      6.2%       4,292      6.6%
    Petroleum Products                 2,233      3.5%       1,874      2.9%
    Autos & Auto Parts                   770      1.2%         911      1.4%
    Other                              5,703      9.0%       1,455      2.3%
    Total                             63,607    100.0%      64,857    100.0%
Genesee & Wyoming Inc. Reports Traffic for May 2009
GREENWICH, Conn., June 11, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for May 2009.
GWI's traffic in May 2009 was 61,043 carloads, a decrease of 2,993 carloads, or 4.7 percent, compared with May 2008. GWI's traffic in the second quarter of 2009 through May was 123,913 carloads, a decrease of 7,205 carloads, or 5.5 percent, compared with the second quarter of 2008 through May.
Genesee & Wyoming Inc. Provides Second Quarter 2009 Interim Update
GREENWICH, Conn., June 11, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI or the Company) (NYSE: GWR) today updated its outlook for the second quarter of 2009.
Revenue - GWI's traffic in the second quarter of 2009 through May decreased 5.5% compared with the second quarter of 2008 through May. On a same railroad basis, traffic decreased 21.4%. As a result, the Company now expects second quarter 2009 revenues of approximately $130 million, versus previous expectations of $140 - $145 million. 
Operating Expenses - In response to the revenue decline, the Company has furloughed an additional 70 employees since the end of the first quarter of 2009, bringing the year to date total to 234 employees, or approximately 9% of its workforce. Also, the Company has reduced its active locomotive fleet by an additional 17 units since the end of the first quarter. Currently, 64 locomotives, or approximately 12% of the Company's locomotive fleet, are stored. The Company now expects an operating ratio between 81% - 83% in the second quarter of 2009, compared with previous expectations of 79% - 80%. 
Earnings - GWI now expects second quarter 2009 earnings from continuing operations in the range of $0.35 - $0.37 per diluted share, compared with previous expectations of approximately $0.45. 
Cautionary Statement Concerning Forward-Looking Statements 

Genesee & Wyoming Inc. Reports Traffic for April 2009
GREENWICH, Conn., May 13, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today reported traffic volumes for April 2009.
GWI's traffic in April 2009 was 62,870 carloads, a decrease of 4,212 carloads, or 6.3 percent, compared with April 2008.
    The table below sets forth carloading information for April 2009 and April2008:
    Genesee & Wyoming Inc.           April      % of     April      % of
    by Commodity Group                2009     Total      2008     Total

    Coal, Coke & Ores               14,131     22.5%    14,967     22.3%
    Minerals & Stone                11,227     17.9%    11,949     17.8%
    Farm & Food Products             8,206     13.1%     6,950     10.4%
    Pulp & Paper                     7,564     12.0%    10,783     16.1%
    Lumber & Forest Products         5,156      8.2%     6,341      9.5%
    Metals                           4,724      7.5%     6,723     10.0%
    Chemicals-Plastics               3,991      6.3%     4,176      6.2%
    Petroleum Products               2,227      3.5%     2,042      3.0%
    Autos & Auto Parts                 699      1.1%     1,210      1.8%
    Other                            4,945      7.9%     1,941      2.9%

    Total                           62,870    100.0%    67,082    100.0%GWI railroads acquired within the last 12 months shipped a combined 10,389 carloads in April 2009. GWI's same-railroad traffic in April 2009 decreased by 14,601 carloads, or 21.8 percent, compared with April 2008. The decrease was principally due to declines in coal, coke and ores traffic of 3,725 carloads, pulp & paper traffic of 3,582 carloads, and metals traffic of 3,117 carloads. All other same-railroad traffic decreased by a net 4,177 carloads.
GWI railroads acquired within the last 12 months include: CAGY Industries, Inc., which GWI purchased on May 31, 2008, and the Georgia Southwestern Railroad and the Ohio Central Railroad System, both of which GWI purchased on October 1, 2008.
Starting in April 2009, Intermodal traffic has been classified within the "Other" commodity group due to its lack of materiality. Previously Intermodal traffic was presented on a stand-alone basis. Intermodal shipments were 52 carloads in April 2009 compared with 125 in April 2008.
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 and owns a minority interest in a railroad in Bolivia. Operations currently include 63 railroads organized in nine regions, with more than 6,800 miles of owned and leased track and approximately 3,000 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.

Genesee & Wyoming Reports Results for the First Quarter of 2009
GREENWICH, Conn., April 29, 2009 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) reported net income in the first quarter of 2009 of $13.9 million, compared with net income of $10.4 million in the first quarter of 2008. GWI's diluted earnings per share (EPS) in the first quarter of 2009 were $0.38 with 36.4 million weighted average shares outstanding, compared with diluted EPS of $0.29 with 36.0 million weighted average shares outstanding in the first quarter of 2008.
GWI's income from continuing operations in the first quarter of 2009 was $14.0 million, or $0.38 per diluted share, compared with income from continuing operations of $11.2 million, or $0.31 per diluted share, in the first quarter of 2008.
GWI's results in the first quarter benefited $0.05 per diluted share from the positive impact of the U.S. short line tax credit, which is in effect through 2009. Primarily as a result of the tax credit, GWI's effective income tax rate on its continuing operations decreased from 37.7% in the first quarter of 2008 to 27.0% in the first quarter of 2009.
Continuing Operations
In the first quarter of 2009, GWI's revenues decreased $2.2 million, or 1.6%, to $138.5 million, compared with $140.7 million in the first quarter of 2008. Same railroad revenues decreased $23.4 million, or 16.6%, partially offset by revenues of $21.2 million from acquisitions. The decrease in same railroad revenues included an $8.4 million decrease due to the depreciation of the Australian and Canadian dollars and a $5.5 million decrease due to a decline in third-party fuel sales. Excluding currency effects and fuel sales, GWI's same railroad revenues declined $9.5 million, or 6.8%.
Freight revenues in the first quarter of 2009 increased by $1.4 million, or 1.6%, to $89.2 million, compared with $87.7 million in the first quarter of 2008. Our acquisitions provided $16.0 million in freight revenues, partially offset by a decrease of $14.6 million in same railroad freight revenues. Same railroad freight revenues were reduced by $4.7 million due to the depreciation of the Australian and Canadian dollars. Excluding currency effects, GWI's same railroad freight revenues decreased by $9.9 million, or 11.3%.
GWI's traffic in the first quarter of 2009 increased 25,012 carloads, or 13.2%, compared with the first quarter of 2008. Same railroad traffic decreased by 15,759 carloads, or 8.3%. The decrease was principally due to declines of 7,292 carloads of pulp and paper traffic, 6,494 carloads of metals traffic and 3,616 carloads of lumber and forest products traffic. These decreases were partially offset by a 6,353 carload increase in farm and food products traffic primarily in Australia. All other same railroad traffic decreased by a net 4,710 carloads.
Average freight revenues per carload declined 10.2% in the first quarter of 2009. Same railroad average revenues per carload declined 9.1%. Same railroad average revenues per carload were negatively impacted by three factors: changes in commodity mix, the depreciation of the Canadian and Australian dollars and lower fuel surcharges, which reduced average revenues per carload by 5.4%, 5.2%, and 3.1%, respectively. Excluding these three factors, same railroad average revenues per carload increased 4.6%. In the United States and Canada, excluding currency effects, changes in commodity mix and changes in fuel surcharges, same railroad average revenues per carload increased 5.0%.
GWI's non-freight revenues in the first quarter of 2009 decreased $3.7 million, or 6.9%, compared with the first quarter of 2008. Same railroad non-freight revenues decreased $8.8 million, or 16.6%, partially offset by $5.1 million in non-freight revenues from acquisitions. The same railroad non-freight revenues decrease was composed of $3.7 million due to the depreciation of the Australian and Canadian dollars and $5.5 million due to a decline in third-party fuel sales. Excluding currency effects and fuel sales, GWI's same railroad non-freight revenues increased $0.4 million.
GWI's operating income in the first quarter of 2009 increased 22.5% to $26.1 million, compared with $21.3 million in the first quarter of 2008. The operating ratio was 81.1% in the first quarter of 2009, compared with an operating ratio of 84.9% in the first quarter of 2008. Excluding currency effects and changes in the cost of third-party fuel sales, GWI's same railroad operating expenses declined by $10.7 million, or 9.0%, in the first quarter of 2009 compared to the first quarter of 2008.