JACKSONVILLE, Fla., July 12, 2012 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended June 30, 2012 were 72,820, up 3.7% from 70,238 in June 2011.
The Company increased shipments in June 2012 in seven out of twelve commodity groups compared to June 2011. The largest increases were in Agricultural Products, Other and Motor Vehicles. Agricultural Products volumes were up primarily due to more shipments in the Central and West regions. Other increased primarily due to higher shipments in the Northeast region. Motor Vehicles were higher primarily due to increased carloads in the Midwest and Northeast regions.
The largest declines were in Metallic Ores and Metals and Coal. Metallic Ores and Metals were lower primarily due to reduced shipments in the Northeast region. Coal decreased primarily due to lower shipments in the Midwest, Central and Northeast regions.
June 2012 carloads include 1,855 carloads from acquisitions. On a "same railroad" basis, carloads increased 1.0%.
RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 45 individual railroads with approximately 7,500 miles of track in 28 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.
INVESTOR CONTACT Ira Berger Vice President & Treasurer Office: 904.538.6332
MEDIA CONTACT Donia Crime Office: 904.645.6200 Cell: 404.271.1437
Carload Comparisons by Commodity Group
Month Ended June 30, 2012 and 2011
Non-Metallic Minerals and Products
Pulp, Paper & Allied Products
Metallic Ores and Metals
Food or Kindred Products
Waste & Scrap Materials
Less TNHR, WGCR & COEH, WCOR and MQTR*
* Three Notch Railroad (TNHR), Wiregrass Central Railroad (WGCR), Conecuh Valley Railroad (COEH),Wellsboro and Corning Railroad (WCOR), and Marquette Railroad (MQTR). Represents 100% of WCOR carloads. TNHR, WGCR and COEH acquired May 11, 2011.
** June 2012 and Q2 2012 carloads exclude 471 and 1,372 carloads respectively from WCOR that are eliminated as part of an intercompany transaction between WCOR and TransRail North America, a transload entity.