Statement on Georgia Central Railway and Heart of Georgia Railroad Petition to Pilot Zero-Emission Rail-Freight Solution from Parallel Systems

Georgia Central Railway, L.P. (GC) and Heart of Georgia Railroad, Inc. (HOG), subsidiaries of Genesee & Wyoming Inc. (G&W), today filed a petition with the Federal Railroad Administration (FRA) to pilot new zero-emission rail-freight technology from Parallel Systems on portions of their rail lines.

GC and HOG believe the development and anticipated adoption of this technology has the potential to capture new container business moving to and from the Port of Savannah, as well as reinvigorate traffic on rural rail lines and revive inland ports in Georgia ? all while removing trucks from the region's roads and reducing carbon emissions.

If approved, the multi-phased pilot would begin next year and be overseen by the FRA, G&W and Parallel Systems ? allowing G&W and Parallel Systems to demonstrate the technology in a field setting while using carefully developed protocols to ensure the pilot is operated in a safe, controlled manner.

About GC
Georgia Central Railway, L.P. (GC) runs 211 miles from the Port of Savannah to Macon, Ga. The short line railroad interchanges with CSX and Norfolk Southern. It was acquired by G&W in 2005. Learn more at gwrr.com/gc.

About HOG
Heart of Georgia Railroad, Inc. (HOG) spans 233 miles from Midville, Ga., to Preston, Ga. The short line has one interchange with CSX as well as two with Norfolk Southern. HOG was acquired by G&W in 2017. Learn more at gwrr.com/hog.

About Parallel Systems
Parallel Systems is developing technology to allow railroads to expand their addressable markets alongside conventional operations and infrastructure. Founded in 2020 by a group of former SpaceX engineers, the company has created battery-electric rail vehicles to move freight cleaner, safer, and more cost effectively than traditional trucks. The company aims to increase the utilization of today's rail network by converting some of the $700 billion U.S. trucking business to rail. Headquartered in Los Angeles, California, the company's mission is to decarbonize freight by building a cleaner, automated rail future. To learn more, visit moveparallel.com or follow the company on LinkedIn.

Parallel's press kit can be found HERE and an explainer video detailing the company can be found HERE.