Adam B. Frankel Named Genesee & Wyoming Inc. Senior Vice President, General Counsel and Secretary

May 23, 2003

Mortimer B. Fuller III, Chairman and Chief Executive Officer of Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today the appointment of Adam B. Frankel as Senior Vice President, General Counsel and Secretary of GWI. In this new position, Mr. Frankel will report to Mr. Fuller.

Mr. Frankel joins GWI from Ford Motor Company where he served since 1999 as a corporate and transactions attorney in the Office of General Counsel and prior to that as a business manager for mergers and acquisitions in Diversified Consumer Services. Between 1995 and 1999, he was an associate with Simpson Thacher & Bartlett in London and New York.

Mr. Frankel received a B.A. in economics from Brown University in 1989 and his J.D. from Stanford University School of Law in 1993. He was an editor of the Stanford Law Review and an editor of the Stanford Law and Policy Review.

"Adam brings outstanding strength and experience as a corporate attorney to GWI," said Fuller. "Since this is a new position at GWI, we welcome the organization skills, perspective and energy he will contribute to our governance practices and our acquisition efforts."

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. The company operates in five countries on three continents over 8,000 miles of owned and leased track. It also operates an additional 3,000 miles under track access arrangements.

"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.