Genesee & Wyoming Announces Premium Logistics Service in Partnership with Union Pacific Railroad: 'Speedlink' Shipments Door-to-Door on Third Morning

Apr 30, 2001, 01:00 ET from Genesee & Wyoming Inc.

    GREENWICH, Conn., April 30 /PRNewswire/ -- Genesee & Wyoming Inc. (GWI)
 (Nasdaq:   GNWR) announced today the formation of a new subsidiary, Genesee &
 Wyoming Logistics (GWL), and a partnership with Union Pacific Railroad
 (NYSE:   UNP) to offer a premium logistics service for shippers and receivers in
 Washington, Oregon, and Southern California.  GWL is a 100% owned subsidiary
 of GWI that will be managed under contract by Pacific Coast Corridor
 Corporation LLC and will operate under the "Speedlink" trade name.  On April
 27, the first Speedlink shipments arrived door-to-door from Los Angeles to
 Portland for third morning delivery.
     Speedlink's door-to-door service provides assured transit time that
 permits precise scheduling of freight movements for shippers.  The service
 accommodates shipments as small as a single pallet or as large as a truckload.
 Speedlink manages local pick up and delivery of freight by truck and the
 transloading of shipments to boxcars.  Union Pacific provides north-south line
 haul service in unit trains with no intermediate handling. All rail equipment
 is dedicated to the operation in order to ensure high quality service.
     Speedlink logistics services include purchase order verification,
 inventory management, reverse shipments and store-door deliveries.  In
 addition, transload facilities have been designed to ensure damage-free
 handling of high-value products such as paper and to assure the highest
 standards for handling food products. The service will initially be available
 within a 150-mile radius of terminals near Portland and Los Angeles.
     Mortimer B. Fuller III, Chief Executive Officer of GWI, commented, "We are
 excited by the establishment of Speedlink and to be working with Union Pacific
 to offer a premium logistics service.  We believe that our service has the
 potential to transform the role of railroads in the just-in-time supply chain
 and to increase the market share of rail. In addition, by taking freight off
 the roads, we believe that we can play a significant role in reducing traffic
 congestion on the I-5 corridor through a more safe and environmentally benign
 form of transportation."
     Mr. Fuller continued, "Our service seeks to capture the favorable
 economics of scheduled boxcar long distance service and to provide the
 flexibility of local truck pick-up and delivery. As a result we are able to
 offer a cost-effective, premium quality service."
 
     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 7,700 miles of owned and leased track.  It
 also operates over an additional 2,700 miles under track access arrangements.
 In October 2000, the Company was ranked 99th on Forbes magazine's list of the
 200 best small companies in America.
 
     This press release contains forward-looking statements regarding future
 events and the future performance of Genesee & Wyoming Inc. that involve risks
 and uncertainties that could cause actual results to differ materially
 including, but not limited to, economic conditions, customer demand, increased
 competition in the relevant market, and others.  The Company refers you to the
 documents that Genesee & Wyoming Inc. files from time to time with the
 Securities and Exchange Commission, such as the Company's Forms 10-Q and 10-K
 which contain additional important factors that could cause its actual results
 to differ from its current expectations and from the forward-looking
 statements contained in this press release.
 
 

SOURCE Genesee & Wyoming Inc.
    GREENWICH, Conn., April 30 /PRNewswire/ -- Genesee & Wyoming Inc. (GWI)
 (Nasdaq:   GNWR) announced today the formation of a new subsidiary, Genesee &
 Wyoming Logistics (GWL), and a partnership with Union Pacific Railroad
 (NYSE:   UNP) to offer a premium logistics service for shippers and receivers in
 Washington, Oregon, and Southern California.  GWL is a 100% owned subsidiary
 of GWI that will be managed under contract by Pacific Coast Corridor
 Corporation LLC and will operate under the "Speedlink" trade name.  On April
 27, the first Speedlink shipments arrived door-to-door from Los Angeles to
 Portland for third morning delivery.
     Speedlink's door-to-door service provides assured transit time that
 permits precise scheduling of freight movements for shippers.  The service
 accommodates shipments as small as a single pallet or as large as a truckload.
 Speedlink manages local pick up and delivery of freight by truck and the
 transloading of shipments to boxcars.  Union Pacific provides north-south line
 haul service in unit trains with no intermediate handling. All rail equipment
 is dedicated to the operation in order to ensure high quality service.
     Speedlink logistics services include purchase order verification,
 inventory management, reverse shipments and store-door deliveries.  In
 addition, transload facilities have been designed to ensure damage-free
 handling of high-value products such as paper and to assure the highest
 standards for handling food products. The service will initially be available
 within a 150-mile radius of terminals near Portland and Los Angeles.
     Mortimer B. Fuller III, Chief Executive Officer of GWI, commented, "We are
 excited by the establishment of Speedlink and to be working with Union Pacific
 to offer a premium logistics service.  We believe that our service has the
 potential to transform the role of railroads in the just-in-time supply chain
 and to increase the market share of rail. In addition, by taking freight off
 the roads, we believe that we can play a significant role in reducing traffic
 congestion on the I-5 corridor through a more safe and environmentally benign
 form of transportation."
     Mr. Fuller continued, "Our service seeks to capture the favorable
 economics of scheduled boxcar long distance service and to provide the
 flexibility of local truck pick-up and delivery. As a result we are able to
 offer a cost-effective, premium quality service."
 
     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 7,700 miles of owned and leased track.  It
 also operates over an additional 2,700 miles under track access arrangements.
 In October 2000, the Company was ranked 99th on Forbes magazine's list of the
 200 best small companies in America.
 
     This press release contains forward-looking statements regarding future
 events and the future performance of Genesee & Wyoming Inc. that involve risks
 and uncertainties that could cause actual results to differ materially
 including, but not limited to, economic conditions, customer demand, increased
 competition in the relevant market, and others.  The Company refers you to the
 documents that Genesee & Wyoming Inc. files from time to time with the
 Securities and Exchange Commission, such as the Company's Forms 10-Q and 10-K
 which contain additional important factors that could cause its actual results
 to differ from its current expectations and from the forward-looking
 statements contained in this press release.
 
 SOURCE  Genesee & Wyoming Inc.