RailAmerica, Inc. Reports February 2011 Monthly Carloads

Mar 14, 2011, 17:30 ET from RailAmerica, Inc.

JACKSONVILLE, Fla., March 14, 2011 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended February 28, 2011 were 63,347, down 5.5% from 67,041 in February 2010.  

The Company had decreased shipments in February 2011 in nine out of twelve commodity groups compared to February 2010.  Carloads were negatively impacted by weather, which resulted in temporary disruptions of service at certain railroads.  Much of the decrease was due to shipments of Coal, Agricultural Products, and Metallic Ores and Metals.  Coal declined primarily due to shipments in the Central U.S.  Agricultural Product shipments were down primarily due to lower shipments in the Midwest and Northeast regions.  Metallic Ores and Metals carloads declined primarily due to lower shipments in the Northeast and Southeast regions.  The largest increases were in Pulp, Paper & Allied Products and Chemicals.  Pulp, Paper & Allied Products was up primarily due to higher shipments in the Southeast and Central regions, and Chemical carloads were higher due to increased shipments in the Northeast and Southeast regions.

RailAmerica, Inc. owns and operates short line and regional freight railroads in North America, operating a portfolio of 40 individual railroads with approximately 7,300 miles of track in 27 U.S. states and three Canadian provinces.

Cautionary Note Regarding Forward-Looking Statements

Certain items in this press release and other information we provide from time to time may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to future events and financial performance. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "appears," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements. RailAmerica, Inc. can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. Factors that could have a material adverse effect on our operations and future prospects or that could cause actual results to differ materially from RailAmerica, Inc.'s expectations include, but are not limited to, prolonged capital markets disruption and volatility, general economic conditions and business conditions, our relationships with Class I railroads and other connecting carriers, our ability to obtain railcars and locomotives from other providers on which we are currently dependent, legislative and regulatory developments including rulings by the Surface Transportation Board or the Railroad Retirement Board, strikes or work stoppages by our employees, our transportation of hazardous materials by rail, rising fuel costs, goodwill assessment risks, acquisition risks, competitive pressures within the industry, risks related to the geographic markets in which we operate; and other risks detailed in RailAmerica, Inc.'s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.  In addition, new risks and uncertainties emerge from time to time, and it is not possible for RailAmerica, Inc. to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. RailAmerica, Inc. expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    
    
                                   RailAmerica, Inc.
                       Carload Comparisons by Commodity Group
                       Month Ended February 28, 2011 and 2010
    
                                         February            QTD February
                                   --------------------  ---------------------
    Commodity Group                 2011   2010   % Chg   2011    2010   % Chg
    ---------------                ------ ------  -----  ------  ------  -----
    Coal                           12,608 14,847 -15.1%  26,504  28,682  -7.6%
    Agricultural Products           8,851 10,028 -11.7%  19,440  21,882 -11.2%
    Chemicals                       7,551  7,094   6.4%  15,929  14,550   9.5%
    Non-Metallic Minerals and
     Products                       5,717  5,690   0.5%  11,816  10,926   8.1%
    Pulp, Paper & Allied Products   5,484  4,699  16.7%  11,246  10,052  11.9%
    Metallic Ores and Metals        4,754  5,238  -9.2%   9,819  10,313  -4.8%
    Food or Kindred Products        4,242  4,447  -4.6%   8,988   8,949   0.4%
    Waste & Scrap Materials         3,980  4,401  -9.6%   7,841   8,698  -9.9%
    Forest Products                 3,604  3,788  -4.9%   7,005   7,131  -1.8%
    Petroleum                       3,600  3,650  -1.4%   7,711   7,808  -1.2%
    Other                           2,182  2,201  -0.9%   4,458   4,218   5.7%
    Motor Vehicles                    774    958 -19.2%   1,553   1,996 -22.2%
    ---------------                ------ ------  -----  ------  ------  -----
    TOTAL                          63,347 67,041  -5.5% 132,310 135,205  -2.1%

SOURCE RailAmerica, Inc.