Exhibit 99.1

Genesee & Wyoming Reports Results for the Second Quarter of 2016

DARIEN, Conn.--(BUSINESS WIRE)--August 1, 2016--Genesee & Wyoming Inc. (G&W) (NYSE:GWR)

Second Quarter Consolidated Highlights

• Operating revenues decreased 7.5% to $501.4 million from $542.2 million.
• Reported operating income decreased 12.3% to $87.2 million; Adjusted operating income decreased 5.3% to $94.4 million.⁽¹⁾
• Reported diluted earnings per common share (EPS) decreased 9.8% to $0.83; Adjusted diluted EPS remained constant at $0.93; Adjusted diluted EPS excluding the Short Line Tax Credit decreased 12.9% to $0.81.⁽¹⁾

Second Quarter Segment Highlights

• North America (approximately 80% of G&W's annual operating income): Operating revenues from G&W's North American Operations decreased 2.1% to $304.6 million from $311.0 million. Reported operating income from G&W's North American Operations increased 3.1% to $79.0 million; Adjusted operating income from G&W's North American Operations increased 4.8% to $80.8 million.⁽¹⁾
• Australia (approximately 10% of G&W's annual operating income): Operating revenues from G&W's Australian Operations decreased 17.3% to $55.3 million from $66.8 million, primarily due to declining metallic ores shipments. Reported operating income from G&W's Australian Operations decreased 38.0% to $9.4 million; Adjusted operating income from G&W's Australian Operations decreased 31.6% to $10.2 million.⁽¹⁾
• U.K./Europe (approximately 10% of G&W's annual operating income): Operating revenues from G&W's U.K./European Operations decreased 13.9% to $141.5 million from $164.4 million primarily due to the consolidation of Continental Europe intermodal routes, a decline in coal shipments and lower minerals and stone shipments. Reported operating loss from G&W's U.K./European Operations was $1.2 million, primarily due to the restructuring of the U.K. coal business; Adjusted operating income from G&W's U.K./European Operations was $3.4 million.⁽¹⁾

Jack Hellmann, President and CEO of G&W, commented, "Our financial results for the second quarter of 2016 were well ahead of our outlook, primarily due to good performance from our North American Operations. Despite a 7% decline in North American carloads, favorable revenue mix and effective management of costs led to an improvement in our reported North American operating ratio of 1.3 percentage points to 74.1%, and a modest increase in our operating income. Meanwhile, our Australian and U.K./Europe Operations performed generally in-line with our expectations and we successfully completed the restructuring of our U.K. coal business."

"While we are pleased with our second quarter results, our reported diluted EPS declined 10% and our adjusted diluted EPS excluding the Short Line Tax Credit declined 13% compared to last year. As a result, we remain focused on improving the efficiency of our operations amidst uneven business environments in each of our three segments worldwide. At the same time, this economic uncertainty continues to provide acquisition and investment opportunities that we are carefully evaluating in multiple geographies within our global footprint."⁽¹⁾

Financial Results

G&W's operating revenues decreased $40.8 million, or 7.5%, to $501.4 million in the second quarter of 2016, compared with $542.2 million in the second quarter of 2015. G&W's operating income in the second quarter of 2016 was $87.2 million, compared with $99.5 million in the second quarter of 2015. G&W's adjusted operating income in the second quarter of 2016 was $94.4 million, compared with $99.8 million in the second quarter of 2015.⁽¹⁾

G&W's reported net income in the second quarter of 2016 was $48.4 million, compared with reported net income of $52.8 million in the second quarter of 2015. Excluding the net impact of certain items affecting comparability between periods discussed below, G&W's adjusted net income in the second quarter of 2016 was $54.0 million, compared with $53.0 million in the second quarter of 2015.⁽¹⁾

G&W's reported diluted EPS in the second quarter of 2016 were $0.83 with 58.1 million weighted average shares outstanding, compared with reported diluted EPS in the second quarter of 2015 of $0.92 with 57.1 million weighted average shares outstanding. G&W's adjusted diluted EPS in the second quarter of 2016 were $0.93 with 58.1 million weighted average shares outstanding, compared with adjusted diluted EPS in the second quarter of 2015 of $0.93 with 57.1 million weighted average shares outstanding. G&W's adjusted diluted EPS excluding the Short Line Tax Credit in the second quarter of 2016 were $0.81 with 58.1 million weighted average shares outstanding, compared with adjusted diluted EPS in the second quarter of 2015 of $0.93 with 57.1 million weighted average shares outstanding.⁽¹⁾

Items Affecting Comparability

In the second quarter of 2016 and 2015, G&W's results included certain items affecting comparability between the periods that are set forth in the following table (in millions, except per share amounts):

In the second quarter of 2016, G&W's results included restructuring costs of $5.0 million, primarily associated with our U.K./European Operations, corporate development and related costs of $2.6 million and a net gain on the sale of assets of $0.3 million. The second quarter of 2016 also included an income tax benefit of $7.2 million associated with the U.S. Short Line Tax Credit, which was not in effect during the second quarter of 2015. The Short Line Tax Credit was extended retroactively in the fourth quarter of 2015 for calendar years 2015 and 2016.

In the second quarter of 2015, G&W's results included corporate development and related expenses of $0.8 million, primarily related to the Freightliner integration, and a net gain on the sale of assets of $0.5 million.

Second Quarter Results by Segment

Operating revenues from G&W's North American Operations decreased $6.4 million, or 2.1%, to $304.6 million in the second quarter of 2016, compared with $311.0 million in the second quarter of 2015. Excluding a $1.2 million decrease due to the impact of foreign currency depreciation, North American Operations revenues decreased $5.2 million, or 1.7%, primarily due to declines in coal, grain and pulp and paper shipments.⁽²⁾

North American Operations traffic decreased 27,765 carloads, or 6.7%, to 386,123 carloads in the second quarter of 2016. The traffic decrease was principally due to decreases of 17,208 carloads of coal and coke traffic (primarily in the Midwest and Northeast regions), 4,360 carloads of agricultural products traffic (primarily in the Midwest and Mountain West regions), 4,174 carloads of pulp and paper traffic (primarily in the Midwest, Northeast, Southern, Canada and Pacific regions) and 3,990 carloads of minerals and stone traffic (primarily in the Northeast Region). All remaining traffic increased by a net 1,967 carloads.

G&W's North American Operations had operating income of $79.0 million in the second quarter of 2016, compared with $76.6 million in the second quarter of 2015. The operating ratio for North American Operations was 74.1% in the second quarter of 2016, compared with an operating ratio of 75.4% in the second quarter of 2015. Despite a 6.7% decline in North American carloads, favorable revenue mix and effective management of costs led to an improvement in our reported North American operating ratio and a modest increase in our operating income. Adjusted operating income from G&W's North American Operations in the second quarter of 2016 was $80.8 million, compared with adjusted operating income of $77.1 million in the second quarter of 2015. The adjusted operating ratio for North American Operations was 73.5% in the second quarter of 2016, compared with an adjusted operating ratio of 75.2% in the second quarter of 2015.⁽¹⁾

Operating revenues from G&W's Australian Operations decreased $11.5 million, or 17.3%, to $55.3 million in the second quarter of 2016, compared with $66.8 million in the second quarter of 2015. Excluding a $2.7 million decrease due to the impact of foreign currency depreciation, Australian Operations revenues decreased $8.8 million, or 13.8%, primarily due to the impact of declining metallic ores shipments.⁽²⁾

Australian Operations traffic decreased 7,853 carloads, or 15.1%, to 44,251 carloads in the second quarter of 2016. The traffic decrease was principally due to a decrease of 5,119 carloads of metallic ores traffic and 4,312 carloads of agricultural products traffic, partially offset by an increase of 1,913 carloads of minerals and stone traffic. All remaining traffic decreased by a net 335 carloads.

G&W's Australian Operations had operating income of $9.4 million in the second quarter of 2016, compared with $15.1 million in the second quarter of 2015. The operating ratio for Australian Operations was 83.0% in the second quarter of 2016, compared with an operating ratio of 77.4% in the second quarter of 2015. Adjusted operating income from G&W's Australian Operations was $10.2 million in the second quarter of 2016, compared with adjusted operating income of $15.0 million in the second quarter of 2015. The adjusted operating ratio for Australian Operations was 81.5% in the second quarter of 2016, compared with an adjusted operating ratio of 77.6% in the second quarter of 2015.⁽¹⁾

Operating revenues from G&W's U.K./European Operations decreased $22.9 million, or 13.9%, to $141.5 million in the second quarter of 2016, compared with $164.4 million in the second quarter of 2015. Excluding a $7.1 million decrease due to the impact of foreign currency depreciation, U.K./European revenues decreased $15.9 million, or 10.1%, primarily due to the impact of the consolidation of Continental Europe intermodal routes, declining coal shipments and lower minerals and stone shipments.⁽²⁾

U.K./European Operations traffic decreased 5,338 carloads, or 1.9%, to 276,542 carloads in the second quarter of 2016. The traffic decrease was principally due to a decrease of 14,130 carloads of coal and coke (primarily in the U.K.) and 6,010 carloads of minerals and stone, partially offset by an increase of 14,316 carloads of intermodal traffic. All remaining traffic increased by 486 carloads.

G&W's U.K./European Operations had an operating loss of $1.2 million in the second quarter of 2016, compared with operating income of $7.7 million in the second quarter of 2015. Adjusted operating income from G&W's U.K./European Operations was $3.4 million in the second quarter of 2016, compared with adjusted operating income of $7.7 million in the second quarter of 2015.⁽¹⁾

Free Cash Flow ⁽¹⁾

G&W's free cash flow for the six months ended June 30, 2016 and 2015 was as follows (in millions):

Conference Call and Webcast Details

As previously announced, G&W's conference call to discuss financial results for the second quarter of 2016 will be held on Monday, August 1, 2016, at 11 a.m. EDT. The dial-in number for the teleconference in the U.S. is (800) 230-1074; outside the U.S. is (612) 288-0337, or the call may be accessed live over the Internet (listen only) at www.gwrr.com/investors. Management will be referring to a slide presentation that will also be available at gwrr.com/investors. The webcast will be archived at www.gwrr.com/investors until the following quarter's earnings press release. Telephone replay is available for 30 days beginning at 1 p.m. EDT on August 1, 2016, by dialing (800) 475-6701 (or outside the U.S., dial 320-365-3844). The access code is 372877.

About G&W

G&W owns or leases 121 freight railroads worldwide that are organized in 10 operating regions with 7,500 employees and more than 2,800 customers. "During the second quarter of 2016, G&W's Ohio Valley Region railroads were consolidated into G&W's Northeast and Midwest regions. This consolidation reduced the number of G&W operating regions from 11 to 10."

• G&W's eight North American regions serve 41 U.S. states and four Canadian provinces and include 114 short line and regional freight railroads with more than 13,000 track-miles.
• G&W's Australia Region provides rail freight services in New South Wales, the Northern Territory and South Australia and operates the 1,400-mile Tarcoola-to-Darwin rail line.
• G&W's U.K./European Region is led by Freightliner, the U.K.'s largest rail maritime intermodal operator and second-largest rail freight company. Operations also include heavy-haul in Poland and Germany and cross-border intermodal services connecting Northern European seaports with key industrial regions throughout the continent.

G&W subsidiaries provide rail service at more than 40 major ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.

From time to time, we may use our website as a channel of distribution of material company information. Financial and other material information regarding G&W is routinely posted on and accessible at www.gwrr.com/investors. In addition, you may automatically receive email alerts and other information about us by enrolling your email address in the "Email Alerts" section of www.gwrr.com/investors. The information contained on or connected to our Internet website is not deemed to be incorporated by reference in this press release or filed with the SEC.

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,” “could,” “should,” “seeks,” “expects,” “will,” “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 that are difficult to forecast, including the following: risks related to the operation of our railroads; severe weather conditions and other natural occurrences, which could result in shutdowns, derailments, railroad network congestion or other substantial disruption of operations; customer demand and changes in our operations; exposure to the credit risk of customers and counterparties; changes in commodity prices; consummation and integration of acquisitions; economic, political and industry conditions (including employee strikes or work stoppages); 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 related to estimated claims, self-insured retention amounts, and insurance coverage limits; consummation of new business opportunities; decrease in revenues and/or increase in costs and expenses; susceptibility to the risks of doing business in foreign countries; our ability to realize the expected synergies associated with acquisitions; and others including, but not limited to, those noted in our 2015 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. G&W 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.

* Represents physical railcars and the estimated railcar equivalents of commodities transported by metric ton or other measure, as well as intermodal units.

* Represents physical railcars and the estimated railcar equivalents of commodities transported by metric ton or other measure, as well as intermodal units.

Non-GAAP Financial Measures

This earnings release contains references to adjusted operating income, adjusted operating ratio, adjusted net income, adjusted diluted earnings per common share (EPS) and free cash flow, which are "non-GAAP financial measures" as this term is defined in 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. In accordance with these rules, G&W has reconciled these non-GAAP financial measures to their most directly comparable U.S. GAAP measures.

Management views these non-GAAP financial measures as important measures of G&W's operating performance or, in the case of free cash flow, an important financial measure of how well G&W is managing its assets and a useful indicator of cash flow that may be available for discretionary use by G&W. Management also views these non-GAAP financial measures as a way to assess comparability between periods. Key limitations of the free cash flow measure include the assumptions that G&W 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.

These non-GAAP financial measures are not intended to represent, and should not be considered more meaningful than, or as an alternative to, their most directly comparable GAAP measures. These non-GAAP financial measures may be different from similarly-titled non-GAAP financial measures used by other companies.

The following tables set forth reconciliations of each of these non-GAAP financial measures to their most directly comparable GAAP measure ($ in millions, except per share amounts).

Reconciliations of Non-GAAP Financial Measures

CONTACT:
G&W Corporate Communications
Michael Williams, 1-203-202-8900
mwilliams@gwrr.com