RailAmerica, Inc. Reports November 2010 Monthly Carloads

Dec 13, 2010, 17:01 ET from RailAmerica, Inc.

JACKSONVILLE, Fla., Dec. 13, 2010 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended November 30, 2010 were 71,419, up 5.3% from 67,834 in November 2009.  These results include the Ottawa Valley Railway (OVRR) operation.

The Company increased shipments in November 2010 in nine out of twelve commodity groups compared to November 2009.  Much of the increase was due to shipments of Coal, Chemicals and Non-Metallic Minerals and Products.  Coal increased primarily due to shipments in the Central U.S.  Chemical volumes were up primarily due to increased shipments in the Midwest, Northeast and West regions.  Non-Metallic Minerals and Products carloads increased primarily due to higher shipments in the Midwest, Central and Northeast regions. The largest declines were in Agricultural Products and Motor Vehicles.  Agricultural Products were down primarily due to lower shipments in the Midwest and West regions, and Motor Vehicles were down primarily due to decreased shipments in the Midwest region.  

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 November 30, 2010 and 2009
    
                                      November              QTD November
                             ------------------------  -----------------------
        Commodity Group       2010    2009    % Chg    2010     2009    % Chg
        ---------------     ------- -------- -------  ------ --------  -------
    Coal                     16,048  13,943    15.1%   28,972  27,997     3.5%
    Agricultural Products    11,738  13,333   -12.0%   23,818  25,474    -6.5%
    Chemicals                 7,935   6,631    19.7%   16,461  13,774    19.5%
    Non-Metallic Minerals and
     Products                 6,441   5,600    15.0%   13,660  11,509    18.7%
    Pulp, Paper & Allied
     Products                 5,284   5,048     4.7%   10,568  10,353     2.1%
    Food or Kindred Products  4,730   4,179    13.2%    9,605   8,811     9.0%
    Waste & Scrap Materials   4,490   4,337     3.5%    9,472   9,301     1.8%
    Metallic Ores and Metals  4,489   3,985    12.6%   10,442   7,981    30.8%
    Petroleum                 3,673   3,575     2.7%    7,078   7,018     0.9%
    Forest Products           3,347   3,433    -2.5%    7,183   7,413    -3.1%
    Other                     2,594   1,929    34.5%    5,389   4,473    20.5%
    Motor Vehicles              650   1,841   -64.7%    1,597   3,889   -58.9%
    ----------------------   ------- -------- -------  ------ --------  ------
    TOTAL                    71,419  67,834     5.3%  144,245 137,993     4.5%
    
    OVRR                       (712)   (707)           (1,340) (1,294)
    TOTAL (excluding OVRR)   70,707  67,127     5.3%  142,905 136,699     4.5%

SOURCE RailAmerica, Inc.