RailAmerica, Inc. Reports May 2010 Monthly Carloads

Jun 14, 2010, 06:00 ET from RailAmerica, Inc.

JACKSONVILLE, Fla., June 14 /PRNewswire-FirstCall/ -- RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended May 31, 2010 were 70,293, up 9.1% from 64,418 in May 2009.  These results exclude the discontinued Ottawa Valley Railway operation.

The Company had increased shipments in May 2010 in eight out of twelve commodity groups compared to May 2009.  Much of the increase was due to shipments of Metallic Ores and Metals, Chemicals, and Waste and Scrap Materials.  Metallic Ores and Metals carloads increased primarily due to higher shipments in the Central, Midwest, Northeast and Southeast regions.  Chemical volumes were up primarily due to increased shipments in the Midwest, Northeast, Southeast and West regions.  Waste and Scrap carloads increased primarily due to higher shipments in the Northeast and Southeast regions.  The largest declines were in Coal and Other.  Coal was down primarily due to lower shipments in the Central U.S.  Other was down primarily due to decreased shipments in the Midwest and Northeast regions.

RailAmerica, Inc. owns and operates short line and regional freight railroads in North America, operating a portfolio of 40 individual railroads with approximately 7,400 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, 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 filed with the Commission on March 26, 2010.  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 / Quarter to Date Ended May 31, 2010 and 2009
                                        May                   QTD May
                              ----------------------  ----------------------
    Commodity Group             2010    2009   % Chg    2010    2009   % Chg
    ---------------           ------  ------   -----  ------  ------   -----
    Coal                      14,111  15,041   -6.2%  28,887  31,628   -8.7%
    Agricultural Products      9,921   9,291    6.8%  20,629  18,998    8.6%
    Chemicals                  7,878   6,573   19.9%  16,516  13,206   25.1%
    Non-Metallic Minerals
     & Products                6,670   5,916   12.7%  13,463  12,210   10.3%
    Metallic Ores & Metals     5,674   2,998   89.3%  10,571   6,277   68.4%
    Waste & Scrap Materials    5,314   4,255   24.9%  10,904   7,869   38.6%
    Food or Kindred Products   4,849   4,217   15.0%   9,770   8,402   16.3%
    Pulp, Paper & Allied
     Products                  4,647   4,671   -0.5%   9,395   9,598   -2.1%
    Forest Products            4,289   4,071    5.4%   8,809   7,830   12.5%
    Petroleum                  3,378   3,077    9.8%   6,871   5,930   15.9%
    Other                      2,418   2,896  -16.5%   5,234   5,745   -8.9%
    Motor Vehicles             1,144   1,412  -19.0%   2,380   2,816  -15.5%
    --------------            ------  ------  ------ ------- -------  ------
    TOTAL                     70,293  64,418    9.1% 143,429 130,509    9.9%

The results in the table above exclude the discontinued Ottawa Valley Railway operation.

SOURCE RailAmerica, Inc.