Exhibit 99.1

Genesee & Wyoming Reports Results for the Second Quarter of 2012

GREENWICH, Conn.--(BUSINESS WIRE)--August 2, 2012--Genesee & Wyoming Inc. (GWI) (NYSE: GWR) reported net income in the second quarter of 2012 of $36.4 million, compared with net income of $31.1 million in the second quarter of 2011. GWI's diluted earnings per share (EPS) in the second quarter of 2012 were $0.84 with 43.2 million weighted average shares outstanding, compared with diluted EPS of $0.73 with 42.8 million weighted average shares outstanding in the second quarter of 2011.

GWI’s effective tax rate was 33.6% in the second quarter of 2012 compared with 26.8% in the second quarter of 2011. The higher tax rate in the second quarter of the current year was driven primarily by the expiration of the U.S. short line tax credit on December 31, 2011.

In the second quarter of 2012 and 2011, GWI's results included certain significant items that are set forth in the following table ($ in millions, except per share amounts).

Jack Hellmann, President and CEO of GWI commented, “GWI’s business continued to perform well in the second quarter of 2012, as revenues were in line with our expectations at $217 million and our adjusted operating ratio improved by 0.9 percentage points to 75.5%. In our North American & European Operations, despite weakness in our U.S. coal traffic, we maintained an adjusted operating ratio of 75.8%. In our Australian Operations, the reopening of the Edith River Bridge significantly improved traffic flow to Darwin and our second quarter adjusted operating ratio improved to 74.9%.” (1)

“Over the past two weeks, GWI has announced a series of important transactions that we expect to strengthen our long-term earnings growth. In North America, the pending acquisition of RailAmerica will create an expanded national footprint for commercial and industrial development. In Australia, the announced expansion of our export iron ore contracts in South Australia, the acquisition of a freight and intermodal terminal in Alice Springs, as well as the final delivery of new, high-horsepower locomotives further strengthen our service position in central Australia. Finally, our announcement today that we have signed an agreement with Tata Steel Minerals Canada to construct and operate a rail line in the Labrador Trough once again highlights our expanding capabilities to serve the global mining industry.”

Results from Continuing Operations

In the second quarter of 2012, GWI's total operating revenues increased $7.8 million, or 3.7%, to $217.4 million, compared with $209.6 million in the second quarter of 2011. The increase included $6.9 million in revenues from new operations and a $1.0 million, or 0.5%, increase in same railroad operating revenues. During the second quarter of 2012, the depreciation of foreign currencies versus the U.S. dollar decreased same railroad operating revenues by $4.4 million, or 2.1%. Excluding the impact from foreign currency, GWI’s same railroad operating revenues increased $5.4 million, or 2.6%.

Same railroad freight revenues in the second quarter of 2012 increased $1.0 million, or 0.7%, to $147.8 million, compared with $146.8 million in the second quarter of 2011. Excluding a $3.0 million decrease from the impact of foreign currency depreciation, GWI’s same railroad freight revenues increased by $4.0 million, or 2.7%.

GWI's traffic in the second quarter of 2012 was 232,315 carloads, a decrease of 17,193 carloads, or 6.9%, compared with the second quarter of 2011. Traffic in the second quarter of 2012 included 4,315 carloads from new operations. Same railroad traffic decreased 21,508 carloads, or 8.6%, in the second quarter of 2012. The same railroad traffic decrease was principally due to decreases of 13,893 carloads of other commodity traffic, primarily related to a decrease in coal haulage moves, 7,834 carloads of coal traffic and 4,238 carloads of farm and food products traffic, partially offset by an increase of 1,983 carloads of metallic ores traffic and 1,487 carloads of intermodal traffic. All remaining traffic increased by a net 987 carloads.

Average same railroad freight revenues per carload increased 10.2% in the second quarter of 2012. A change in the mix of commodities and higher fuel surcharges increased average same railroad freight revenues per carload by 4.5% and 0.3%, respectively, partially offset by the depreciation of the Australian and Canadian dollars versus the U.S. dollar, which decreased average same railroad freight revenues per carload by 2.3%. Other than these factors, average same railroad freight revenues per carload increased 7.7%. Average same railroad freight revenues per carload were impacted by changes in the mix of customers within certain commodity groups, primarily other commodities and metals.

GWI’s same railroad non-freight revenues in the second quarter of 2012 were $62.8 million, equal to same railroad non-freight revenues in the second quarter of 2011. Excluding a $1.4 million decrease from the net impact from foreign currency depreciation, GWI’s same railroad non-freight revenues increased by $1.4 million, or 2.2%, primarily due to higher railcar switching revenues in the United States.

GWI's operating income in the second quarter of 2012 was $62.5 million, an increase of $11.3 million, compared with $51.2 million in the second quarter of 2011. GWI’s operating ratio in the second quarter of 2012 was 71.3%, compared with an operating ratio of 75.6% in the second quarter of 2011. Operating income in the second quarter of 2012 included gains on the sale of assets of $6.2 million and insurance recoveries of $5.2 million primarily related to a business interruption claim associated with lost profits incurred in the first quarter as a result of the Edith River Bridge derailment. This recovery represents a partial payment of our total expected business interruption claim. Additional recovery for business interruption losses is expected in the fourth quarter of 2012. Operating income in the second quarter of 2012 was negatively impacted by $1.9 million of business/corporate development costs and $0.5 million of lost income due to the 9-day strike of Canadian Pacific’s railroad engineers in May 2012. Operating income in the second quarter of 2011 included $1.1 million in gains on the sale of assets and $1.0 million in insurance recoveries, partially offset by $0.4 million of business/corporate development expenses. Excluding these items, GWI’s adjusted operating ratio was 75.5% in the second quarter of 2012, compared with 76.4% in the second quarter of 2011. (1)

Six Month Consolidated Results - Continuing Operations

For the six months ended June 30, 2012, GWI reported income from continuing operations of $58.6 million, a 10.1% increase over $53.3 million for the six months ended June 30, 2011. GWI's diluted earnings per share from continuing operations were $1.36 for the six months ended June 30, 2012 with 43.1 million weighted average shares outstanding, an 8.8% increase over $1.25 for the six months ended June 30, 2011 with 42.7 million weighted average shares outstanding. For the six months ended June 30, 2012, GWI's operating revenues increased $23.4 million, or 5.8%, to $424.9 million, compared with $401.5 million in the six months ended June 30, 2011. GWI's income from operations for the six months ended June 30, 2012 increased $13.4 million, or 14.8%, from $90.4 million for the six months ended June 30, 2011 to $103.8 million for six months ended June 30, 2012.

GWI's 2011 results include a tax benefit of $4.7 million ($0.11 per diluted share) associated with the short line tax credit, which expired in December 2011.

(a) The 2011 period represented the payment of Australian stamp duty related to the acquisition of FreightLink in Australia, which was accrued as of December 31, 2010, but paid in 2011.

GWI’s free cash flow from continuing operations for the six months ended June 30, 2012 was $10.7 million. GWI’s continuing operations generated free cash flow of $17.8 million for the six months ended June 30, 2011. (2)

Conference Call and Webcast Details

As previously announced, GWI's conference call to discuss financial results for the second quarter will be held Thursday, August 2, 2012, at 11 a.m. EDT. The dial-in number for the teleconference in the U.S. is (800) 230-1059; outside the U.S. is (612) 234-9960, 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 "Second Quarter Earnings Conference Call 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 August 2, 2012, until the following quarter’s earnings press release. Telephone replay is available for 30 days beginning at 1 p.m. EDT on August 2 by dialing (800) 475-6701 (or outside the U.S., dial 320-365-3844). The access code is 222299.

About Genesee & Wyoming Inc.

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 66 railroads organized in 10 regions, with more than 7,600 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," "trends," "outlook," 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 (including employee strikes or work stoppages); customer demand and changes in our operations, 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, including our ability to obtain government funding for capital projects; international complexities of operations, currency fluctuations, finance, tax and decentralized management; challenges of managing rapid growth including retention and development of senior leadership; unpredictability of fuel costs; susceptibility to various legal claims and lawsuits; increase in, or volatility associated with expenses associated with estimated claims, self-insured retention amounts, and insurance coverage limits; consummation of new business opportunities; exposure to the credit risk of customers and counterparties; severe weather conditions and other natural occurrences, which could result in shutdowns, derailments or other substantial disruption of operations; susceptibility to the risks of doing business in foreign countries; uncertainties as to the timing of the merger between us and RailAmerica, Inc. that was announced on July 23, 2012; the conditions imposed by the Surface Transportation Board to approve the merger; the possibilities that various closing conditions for the merger will not be satisfied or waived; our success integrating RailAmerica, Inc. into our operations and our ability to achieve synergies as a result of the merger; and others including but not limited to, those noted in our 2011 Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under “Risk Factors.” 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 does not undertake, and expressly disclaims, any duty to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

(1) The operating income 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 income, 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 its most directly comparable U.S. GAAP measures.

Adjusted Operating Income and Adjusted Operating Ratios Description and Discussion

Management views its Operating Income, calculated as Operating Revenues less Operating Expenses, and 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 Income and Operating Ratio for the three months ended June 30, 2012, used to calculate Adjusted Operating Income and Adjusted Operating Ratio, is presented excluding net gain on sale of assets, gain on insurance recoveries, business/corporate development expenses and the impact of the Canadian Pacific Railway strike. The Operating Income and Operating Ratio for the three months ended June 30, 2011, used to calculate Adjusted Operating Income and Adjusted Operating Ratio, is presented excluding net gain on sale of assets, gain on insurance recoveries and business/corporate development expenses. The Adjusted Operating Income and 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 Income and Operating Ratios calculated using amounts in accordance with GAAP. Adjusted Operating Income and Operating Ratios 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 Income and Operating Ratios by segment calculated using amounts determined in accordance with GAAP to the Adjusted Operating Income and Operating Ratios by segment 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 net cash paid/(received) for acquisitions/divestitures and the 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:
Genesee & Wyoming Inc.
Michael Williams, 1-203-629-3722
GWI Corporate Communications
mwilliams@gwrr.com