Genesee & Wyoming Inc. Appoints Chief Accounting Officer and Global Controller

March 23, 2004

Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that James M. Andres has been named the Company's new Chief Accounting Officer and Global Controller. Mr. Andres reports to John C. Hellmann, Chief Financial Officer, and replaces Alan R. Harris who is retiring after thirteen years with the Company.

"Alan Harris has played an important role in guiding GWI's expansion," said Hellmann. "When he started with us in 1990, we were a private company generating $21 million of revenue in the United States. Today, GWI is listed on the New York Stock Exchange and has interests in railroads that collectively generate more than $500 million of revenue in five countries. We wish Alan all the best in his retirement and thank him for his years of hard work."

Mr. Andres brings twenty-four years of domestic and international accounting experience to GWI, including seven years at KPMG and fourteen years in the automotive industry, both at Federal-Mogul Corporation and as Controller for a $1.8 billion division of New Venture Gear, a joint venture between DaimlerChrysler and General Motors. Mr. Andres is a C.P.A. who received a B.S. in accounting from the University of Detroit and an M.B.A. from Syracuse University. He will be based in GWI's administrative headquarters in Rochester, New York.

"Jim Andres brings outstanding experience in both domestic and international accounting environments," said Hellmann. "We welcome his leadership, skills and energy as we continue to build and strengthen GWI."

GWI is a leading operator of short line and regional freight railroads in the United States, Canada, Mexico, Australia and Bolivia. The Company operates over 8,100 miles of owned and leased track and more than 3,000 miles under track access arrangements.

SOURCE Genesee & Wyoming Inc.

"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.