Exhibit 99.1

Genesee & Wyoming Reports Results for the Third Quarter of 2016

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

Third Quarter Consolidated Highlights

• Operating revenues decreased 8.3% to $501.0 million from $546.3 million.
• Reported operating income decreased 21.9% to $91.9 million; Adjusted operating income decreased 19.0% to $95.8 million.⁽¹⁾
• Reported diluted earnings per common share (EPS) decreased 10.9% to $0.98; Adjusted diluted EPS decreased 13.6% to $0.95; Adjusted diluted EPS excluding the Short Line Tax Credit decreased 25.5% to $0.82.⁽¹⁾

Third Quarter Segment Highlights

• North America: Operating revenues from G&W's North American Operations decreased 1.4% to $310.2 million from $314.6 million, primarily due to lower fuel surcharges and a decline in coal shipments. Reported operating income from G&W's North American Operations decreased 3.8% to $87.2 million; Adjusted operating income from G&W's North American Operations decreased 3.2% to $87.8 million.⁽¹⁾
• Australia: Operating revenues from G&W's Australian Operations decreased 11.2% to $54.2 million from $61.0 million, primarily due to the loss of a fixed fee payment associated with a now closed iron ore mine and lower metallic ores shipments. Reported operating income from G&W's Australian Operations decreased 70.8% to $4.4 million; Adjusted operating income from G&W's Australian Operations decreased 52.6% to $7.4 million.⁽¹⁾
• U.K./Europe: Operating revenues from G&W's U.K./European Operations decreased 20.0% to $136.7 million from $170.7 million, or decreased 10.5% excluding an $18.1 million impact from foreign currency depreciation. Reported operating income from G&W's U.K./European Operations was $0.3 million; Adjusted operating income from G&W's U.K./European Operations was $0.6 million.^{(1) (2)}

Jack Hellmann, President and CEO of G&W, commented, "Our financial results for the third quarter of 2016 were consistent with our expectations with reported diluted EPS of $0.98 and adjusted diluted EPS of $0.95. In North America, better than expected steam coal shipments combined with strong cost controls yielded a better than expected operating ratio of 71.9%. In Australia, financial results were in-line with our outlook as we continued to effectively manage costs in the weak commodity environment. In the U.K./Europe, our financial results in the first full quarter since we restructured the U.K. coal business were below our expectations for three reasons: congestion in the port of Felixstowe which weakened U.K. intermodal shipments; unscheduled reductions in U.K. infrastructure services; and weak performance from continental European intermodal."⁽¹⁾

"Looking to year-end, our priorities by region are threefold. In North America, we remain focused on maximizing cost efficiency amidst an uneven economic environment. In Australia, we expect to close on the recently announced acquisition of Glencore Rail and the concurrent issuance of a 49% equity stake in our Australian subsidiary to Macquarie, in a transaction that yields a highly competitive Australian growth platform going forward. In the U.K./Europe, we continue to restructure the continental European business and to reduce costs in the U.K. Despite the weak third quarter, we see a clear path to improvement in the U.K./European segment as we finish the year and enter 2017."

"Over the past three months we have announced two important acquisitions, one in Australia, Glencore Rail (expected to close December 1), and one in North America, the Providence and Worcester (expected to close into a voting trust later today). In addition, we continue to be active with a significant pipeline of acquisition opportunities in multiple geographies for which we are maintaining close working relationships with potential financial partners. The broad reach of our global rail footprint is yielding an increasing number of contiguous or adjacent investment opportunities."

Financial Results

G&W's operating revenues decreased $45.3 million, or 8.3%, to $501.0 million in the third quarter of 2016, compared with $546.3 million in the third quarter of 2015. G&W's operating income in the third quarter of 2016 was $91.9 million, compared with $117.6 million in the third quarter of 2015. G&W's adjusted operating income in the third quarter of 2016 was $95.8 million, compared with $118.3 million in the third quarter of 2015.⁽¹⁾

G&W's reported net income in the third quarter of 2016 was $56.8 million, compared with reported net income of $63.4 million in the third quarter of 2015. Excluding the net impact of certain items affecting comparability between periods discussed below, G&W's adjusted net income in the third quarter of 2016 was $55.4 million, compared with $63.7 million in the third quarter of 2015.⁽¹⁾

G&W's reported diluted EPS in the third quarter of 2016 were $0.98 with 58.2 million weighted average shares outstanding, compared with reported diluted EPS in the third quarter of 2015 of $1.10 with 57.8 million weighted average shares outstanding. G&W's adjusted diluted EPS in the third quarter of 2016 were $0.95 with 58.2 million weighted average shares outstanding, compared with adjusted diluted EPS in the third quarter of 2015 of $1.10 with 57.8 million weighted average shares outstanding. G&W's adjusted diluted EPS excluding the Short Line Tax Credit in the third quarter of 2016 were $0.82 with 58.2 million weighted average shares outstanding, compared with adjusted diluted EPS in the third quarter of 2015 of $1.10 with 57.8 million weighted average shares outstanding.⁽¹⁾

Items Affecting Comparability

In the third 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 third quarter of 2016, G&W's results included corporate development and related costs of $4.3 million, primarily associated with the Glencore Rail and Providence and Worcester transactions, restructuring costs of $0.2 million and a net gain on the sale of assets of $0.5 million. The third quarter of 2016 also included an income tax benefit of $7.8 million associated with the U.S. Short Line Tax Credit, which was not in effect during the third quarter of 2015, as well as a tax benefit of $4.3 million associated with a reduction in the U.K. income tax rate, which was enacted in September 2016. The Short Line Tax Credit was extended retroactively in the fourth quarter of 2015 for calendar years 2015 and 2016.

In the third quarter of 2015, G&W's results included corporate development and related costs of $2.0 million, primarily related to the integration of Freightliner, and a net gain on the sale of assets of $1.2 million.

Third Quarter Results by Segment

Operating revenues from G&W's North American Operations decreased $4.4 million, or 1.4%, to $310.2 million in the third quarter of 2016, compared with $314.6 million in the third quarter of 2015. North American Operations revenues decreased primarily due to lower fuel surcharges and a decline in coal shipments.

North American Operations traffic decreased 17,572 carloads, or 4.2%, to 401,999 carloads in the third quarter of 2016. The traffic decrease was principally due to decreases of 8,169 carloads of coal and coke traffic (primarily in the Central, Northeast and Midwest regions), 3,549 carloads of pulp and paper traffic (primarily in the Southern, Canada and Northeast regions), 3,447 carloads of minerals and stone traffic (primarily in the Northeast Region), 2,529 carloads of metals traffic (primarily in the Southern, Coastal and Canada regions) and 2,257 carloads of other traffic (primarily in the Southern and Canada regions), partially offset by an increase of 3,014 carloads of agricultural products traffic (primarily in the Central and Pacific regions). All remaining traffic decreased by a net 635 carloads.

G&W's North American Operations had operating income of $87.2 million in the third quarter of 2016, compared with $90.6 million in the third quarter of 2015. The operating ratio for North American Operations was 71.9% in the third quarter of 2016, compared with an operating ratio of 71.2% in the third quarter of 2015. Adjusted operating income from G&W's North American Operations in the third quarter of 2016 was $87.8 million, compared with adjusted operating income of $90.7 million in the third quarter of 2015. The adjusted operating ratio for North American Operations was 71.7% in the third quarter of 2016, compared with an adjusted operating ratio of 71.2% in the third quarter of 2015.⁽¹⁾

Operating revenues from G&W's Australian Operations decreased $6.9 million, or 11.2%, to $54.2 million in the third quarter of 2016, compared with $61.0 million in the third quarter of 2015. Excluding a $2.7 million increase due to the impact of foreign currency appreciation, Australian Operations revenues decreased $9.6 million, or 15.0%, primarily due to the loss of a fixed fee payment associated with a now closed iron ore mine that we previously served and lower metallic ores shipments.⁽²⁾

Australian Operations traffic decreased 5,000 carloads, or 10.3%, to 43,532 carloads in the third quarter of 2016. The traffic decrease was principally due to decreases of 2,818 carloads of agricultural product traffic, 878 carloads of metallic ores traffic, 657 carloads of minerals and stone traffic and 628 carloads of intermodal traffic.

G&W's Australian Operations had operating income of $4.4 million in the third quarter of 2016, compared with $15.0 million in the third quarter of 2015. The operating ratio for Australian Operations was 91.9% in the third quarter of 2016, compared with an operating ratio of 75.5% in the third quarter of 2015. Adjusted operating income from G&W's Australian Operations was $7.4 million in the third quarter of 2016, compared with adjusted operating income of $15.6 million in the third quarter of 2015. The adjusted operating ratio for Australian Operations was 86.3% in the third quarter of 2016, compared with an adjusted operating ratio of 74.4% in the third quarter of 2015.⁽¹⁾

Operating revenues from G&W's U.K./European Operations decreased $34.1 million, or 20.0%, to $136.7 million in the third quarter of 2016, compared with $170.7 million in the third quarter of 2015. Excluding an $18.1 million decrease due to the impact of foreign currency depreciation, U.K./European revenues decreased $16.0 million, or 10.5%, primarily due to lower intermodal services and coal shipments.⁽²⁾

U.K./European Operations traffic decreased 10,264 carloads, or 3.4%, to 294,283 carloads in the third quarter of 2016. The traffic decrease was principally due to decreases of 8,402 carloads of coal and coke traffic (primarily in the U.K. and Poland) and 4,106 carloads of intermodal traffic (primarily in the U.K.), partially offset by an increase of 1,761 carloads of minerals and stone traffic.

G&W's U.K./European Operations had operating income of $0.3 million in the third quarter of 2016, compared with $12.0 million in the third quarter of 2015. The operating ratio for U.K./European Operations was 99.8% in the third quarter of 2016, compared with an operating ratio of 93.0% in the third quarter of 2015. Adjusted operating income from G&W's U.K./European Operations was $0.6 million in the third quarter of 2016, compared with adjusted operating income of $12.0 million in the third quarter of 2015. The adjusted operating ratio for U.K./European Operations was 99.5% in the third quarter of 2016, compared with an adjusted operating ratio of 93.0% in the third quarter of 2015.⁽¹⁾

Free Cash Flow ⁽¹⁾

G&W's free cash flow for the nine months ended September 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 third quarter of 2016 will be held on Tuesday, November 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 November 1, 2016, by dialing (800) 475-6701 (or outside the U.S., dial 320-365-3844). The access code is 372822.

About G&W

G&W owns or leases 121 freight railroads worldwide that are organized in 10 operating regions with approximately 7,200 employees and more than 2,800 customers.

• G&W's eight North American regions serve 41 U.S. states and four Canadian provinces and include 113 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 integrate acquired businesses successfully or 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

Adjusted Operating Income and Adjusted Operating Ratio

Adjusted Net Income and Adjusted Diluted Earnings Per Common Share

Free Cash Flow

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