Genesee & Wyoming and SEACOR Form Joint Venture to Own and Operate Rail Ferry Service, CG Railway, Between the U.S. and Mexico

DARIEN, Conn. & FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Genesee
& Wyoming Inc. (G&W) (NYSE:GWR) and SEACOR
Holdings Inc. (SEACOR) (NYSE:CKH) today announced the formation of a
50/50 joint venture to own and operate CG Railway, LLC (CGR), a
subsidiary of SEACOR recently acquired through its acquisition of
International Shipholding Corporation. Terms of the joint venture were
not disclosed.

CGR operates a freight railroad providing four-day rail ferry service
between the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz. The
rail ferry presents a faster and more cost-effective alternative to the
traditional land route between the southeast U.S. and southeast Mexico.
The joint venture plans to immediately invest in the existing rail ferry
vessels to enhance service reliability.

Established in 2001, the ferry service currently transports
approximately 10,000 annual carloads of commodities such as chemicals &
plastics, fructose & refined sugar, steel and pulp & paper.

The CGR business is comprised of:

• a U.S. Class III freight railroad that connects in Mobile with G&W’s
  Alabama & Gulf Coast Railway (AGR), BNSF (via AGR), Canadian National
  (CN), CSX, Kansas City Southern (via CN) and Norfolk Southern and
  connects in Coatzacoalcos with Ferrosur, the railroad serving central
  and southern Mexico;
• two 585’ roll-on/roll-off rail ferries, each with the capacity to
  transport approximately 115 railcars per voyage;
• Long-term agreements to operate purpose-built rail ferry terminals in
  the ports of Mobile and Coatzacoalcos;
• a 10,000-square-foot, food-grade, truck-to-rail transload facility and
  a railcar repair shop both located in Mobile.

“We are committed to improve the rail ferry’s on-time performance by
leveraging SEACOR’s expertise in marine operations,” says CGR Senior
Vice President Kevin Wild. “Combining reliable service with the cost
efficiency of short sea shipping and the 50% shorter transit time versus
land routes, we create a compelling alternative for customers moving
goods between the eastern U.S. and Canada to and from central and
southern Mexico.”

“CGR creates a natural extension of our rail services to reach the
rapidly growing market in central and southern Mexico,” says G&W Chief
Commercial Officer Michael Miller. “We look forward to working with
Ferrosur and Ferromex to expand the current customer base. Since G&W’s
short line railroads maintain close commercial relationships with
customers and connecting Class I railroads across the southeastern U.S.,
we also look forward to offering a more direct option for these shippers
and others east of the Mississippi to reach central and southern Mexico.”

About Genesee & Wyoming Inc.

G&W owns or leases 122 freight railroads worldwide that are organized in
10 operating regions with approximately 8,000 employees and 3,000
customers.

• G&W’s eight North American regions serve 41 U.S. states and four
  Canadian provinces and include 115 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, including in the Hunter Valley coal supply chain, the Northern
  Territory and South Australia, and operates the 1,400-mile
  Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by
  G&W and 48.9% owned by a consortium of funds and clients managed by
  Macquarie Infrastructure and Real Assets.
• G&W’s U.K./Europe 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,
  intermodal services connecting Northern European seaports with key
  industrial regions in Germany, and regional rail services in the
  Netherlands and Belgium.

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.

About SEACOR Holdings Inc.

SEACOR Holdings Inc. (NYSE: CKH) headquartered in Fort Lauderdale,
Florida is a diversified holding company principally focused on domestic
and international transportation, logistics, and risk management
consultancy.

• Through its shipping services businesses, SEACOR owns marine equipment
  operating coastwise in the U.S. transporting bulk liquids and dry
  cargo; operates vessels that support the movement of U.S. food aid and
  military cargo globally; and offers customers turnkey logistics
  solutions to move goods and materials from Florida into the Caribbean
  on a fleet of shallow draft vessels. SEACOR’s tug fleet assists
  vessels docking in U.S. ports and the Caribbean and provides offshore
  towing services.
• SEACOR’s inland river services businesses own and operate a fleet of
  domestic dry cargo barges, towboats, and infrastructure throughout the
  Mississippi River System and offers customers integrated services such
  as fleeting, storage, throughput, and elevation. SEACOR also provides
  inland river services in Latin America.
• CLEANCOR, a SEACOR subsidiary, distributes alternative energy
  solutions to end-customers looking to adopt fuels that have a
  favorable environmental footprint and the potential to economically
  displace legacy petroleum-based fuels.

SEACOR’s consulting business, Witt O’Brien’s, offers a full range of
crisis and emergency management solutions to help private and public
organizations prepare, respond, and recover before and after
catastrophic events. This includes unrivalled experience recovering from
manmade and natural disasters including Hurricanes Harvey, Katrina,
Rita, Ike, and the Deepwater Horizon explosion in the Gulf of Mexico.

"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Genesee &
Wyoming's and SEACOR’s businesses 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 each company’s Annual Report on Form
10-K for the most recently ended fiscal year.

Contacts

G&W Corporate Communications
Michael Williams, 1-203-202-8900
http://www.gwrr.com
or
SEACOR
Investor Relations
Molly Hottinger, 1-954-627-5278
http://www.seacorholdings.com