RailAmerica, Inc. Reports September 2010 Monthly Carloads

Oct 07, 2010, 16:30 ET from RailAmerica, Inc.

JACKSONVILLE, Fla., Oct. 7 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended September 30, 2010 were 72,833, up 8.0% from 67,410 in September 2009.  These results include the Ottawa Valley Railway (OVRR) operation.

The Company had increased shipments in September 2010 in eight out of twelve commodity groups compared to September 2009.  Much of the increase was due to shipments of Metallic Ores and Metals, Chemicals and Coal.  Metallic Ores and Metals carloads increased primarily due to higher shipments in the Northeast and Southeast regions.  Chemical volumes were up primarily due to increased shipments in the Midwest, Northeast and West regions.  Coal carloads increased primarily due to higher shipments in the Northeast region and Central U.S.  The largest declines were in Motor Vehicles and Petroleum.  Motor Vehicles were down primarily due to decreased shipments in the Midwest region.  Petroleum was down primarily due to lower shipments in the West 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, 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 September 30, 2010 and 2009
    
                                      September              QTD September
                             ------------------------  -----------------------
        Commodity Group       2010    2009    % Chg    2010     2009    % Chg
        ---------------     ------- -------- -------  ------ --------  -------
    Coal                     15,303  14,306     7.0%   47,176  46,806     0.8%
    Agricultural Products    10,680  10,006     6.7%   32,730  31,405     4.2%
    Chemicals                 8,301   6,995    18.7%   23,947  20,946    14.3%
    Non-Metallic Minerals and
     Products                 7,060   6,721     5.0%   21,421  20,081     6.7%
    Metallic Ores and Metals  6,288   3,757    67.4%   18,145  10,382    74.8%
    Pulp, Paper & Allied
     Products                 5,896   5,322    10.8%   17,565  16,267     8.0%
    Waste & Scrap Materials   4,771   4,545     5.0%   14,231  14,350    -0.8%
    Food or Kindred Products  4,503   4,468     0.8%   13,660  13,042     4.7%
    Forest Products           3,793   3,901    -2.8%   11,780  12,078    -2.5%
    Petroleum                 2,849   3,326   -14.3%    9,027   9,909    -8.9%
    Other                     2,423   2,580    -6.1%    7,175   8,958   -19.9%
    Motor Vehicles              966   1,483   -34.9%    2,642   4,047   -34.7%
    ----------------------   ------- -------- -------  ------ --------  ------
    TOTAL                    72,833  67,410     8.0%  219,499 208,271     5.4%
    
    OVRR                      (627)   (681)           (2,001) (2,035)
    TOTAL (excluding OVRR)   72,206  66,729     8.2%  217,498 206,236     5.5%

SOURCE RailAmerica, Inc.