Genesee & Wyoming Inc. Completes Acquisition of Emons Transportation Group

February 25, 2002

Genesee & Wyoming Inc. (GWI) (Nasdaq:GNWR) announced today that it has completed the acquisition of Emons Transportation Group, Inc. (Emons) (Nasdaq:EMON) for $18.5 million in cash and the assumption by GWI of approximately $9.7 million of debt, net of cash. The cash payment was to purchase the outstanding shares of Emons at $2.50 per share and was funded using a portion of the proceeds from GWI's recent public offering of common stock. With the addition of 332 track miles from Emons in New England, Quebec and Pennsylvania, GWI now operates over more than 8,000 miles of owned and leased track worldwide.

GWI is a leading operator of short line and regional freight railroads in the United States, Canada, Mexico, Australia and Bolivia, and provides freight car switching and related services to industrial companies that have extensive railroad facilities within their complexes. The Company operates in five countries on three continents over more than 8,000 miles of owned and leased track. It also operates over an additional 2,700 miles under track access arrangements.

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Genesee & Wyoming's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

Genesee & Wyoming Inc.
John C. Hellmann, +1-203-629-3722
Chief Financial Officer