Railamerica (NYSE:RRA)
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RailAmerica, Inc. (NYSE:RRA) ("RailAmerica" or the
"Company") today reported its freight carloads for the month ended
July 31, 2006.
Total carloads for July 2006 were 100,540, down 1.6% from 102,157
in July 2005. The sale of the San Luis and Rio Grande Railroad, the
E&N Railway and the three Alberta properties, net of the impact of the
acquisition of the Alcoa railroads and the Fremont line in Michigan,
accounted for a decrease of 1,623 carloads. On a "same railroad"
basis, July 2006 carloads were flat at 97,587 compared to 97,581 in
July 2005. The July 2006 carloads were primarily affected by an
increase in shipments of Metal Products, offset by lower shipments of
Lumber & Forest Products, Paper Products and Coal. Lumber & Forest
Products carloads were affected by the continued slow down in the
housing market and shipments of Paper Products continue to be
negatively impacted by a work stoppage at a shipper's facility in Nova
Scotia.
For the seven months ended July 31, 2006, total carloads decreased
2.6% to 739,472 from 759,105 in 2005. On a "same railroad" basis for
the same period, carloads were 714,842 down 1.5% from 725,824 in 2005.
"Same railroad" totals exclude carloads associated with railroads, or
portions of railroads, sold or acquired by the Company after January
1, 2005.
Historically, the Company has found that carload information may
be indicative of freight revenue on its railroads, but may not be
indicative of total revenue, operating expenses, operating income or
net income. Attached is a comparison of carloads by commodity group
for the periods ended July 31, 2006 and 2005.
RailAmerica, Inc. (NYSE:RRA) is a leading short line and regional
rail service provider with 42 railroads operating approximately 7,800
track miles in the United States and Canada. The Company is a member
of the Russell 2000(R) Index. Its website may be found at
http://www.railamerica.com.
DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains forward-looking statements regarding future events
that involve risks and uncertainties that could cause actual results
to differ materially. Forward-looking statements speak only as of the
date the statement was made. The Company assumes no obligation to
update forward-looking information to reflect actual results, changes
in assumptions or changes in other factors affecting forward-looking
information. If the Company does update any forward-looking statement,
no inference should be drawn that the Company will make additional
updates with respect to that statement or any other forward-looking
statements. We refer you to the documents that RailAmerica files from
time to time with the Securities and Exchange Commission, such as the
Form 10-K, Form 10-Q and Form 8-K, which contain additional important
factors that could cause its actual results to differ from its current
expectations and from the forward-looking statements contained in this
press release.
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RailAmerica, Inc.
Carload Comparisons by Commodity Group
Month/Year-to-Date Ended July 31, 2006 and 2005
Consolidated Carloads
JULY YEAR-TO-DATE
------------------- ------------------------ ------------------------
Commodity Group 2006 2005 % Chg 2006 2005 % Chg
------------------- -------- -------- ------ -------- -------- ------
Bridge Traffic 15,456 15,129 2.2% 122,908 120,934 1.6%
------------------- -------- -------- ------ -------- -------- ------
Coal 11,528 12,307 -6.3% 90,575 86,754 4.4%
------------------- -------- -------- ------ -------- -------- ------
Lumber & Forest
Products 9,027 11,480 -21.4% 73,372 80,950 -9.4%
------------------- -------- -------- ------ -------- -------- ------
Agricultural & Farm
Products 8,835 9,037 -2.2% 64,953 68,064 -4.6%
------------------- -------- -------- ------ -------- -------- ------
Metals 8,434 7,104 18.7% 54,352 56,590 -4.0%
------------------- -------- -------- ------ -------- -------- ------
Chemicals 8,782 9,502 -7.6% 64,470 69,101 -6.7%
------------------- -------- -------- ------ -------- -------- ------
Metallic/Non-
metallic Ores 8,051 5,699 41.3% 52,590 38,569 36.4%
------------------- -------- -------- ------ -------- -------- ------
Paper Products 6,571 8,722 -24.7% 47,057 62,214 -24.4%
------------------- -------- -------- ------ -------- -------- ------
Food Products 6,448 6,406 0.7% 50,035 50,688 -1.3%
------------------- -------- -------- ------ -------- -------- ------
Minerals 4,932 4,957 -0.5% 34,824 33,943 2.6%
------------------- -------- -------- ------ -------- -------- ------
Petroleum Products 4,176 4,361 -4.2% 26,632 33,968 -21.6%
------------------- -------- -------- ------ -------- -------- ------
Other 3,967 3,457 14.8% 25,758 23,008 12.0%
------------------- -------- -------- ------ -------- -------- ------
Intermodal 2,751 2,698 2.0% 19,042 20,334 -6.4%
------------------- -------- -------- ------ -------- -------- ------
Autos 1,582 1,298 21.9% 12,904 13,988 -7.7%
------------------- -------- -------- ------ -------- -------- ------
TOTAL 100,540 102,157 -1.6% 739,472 759,105 -2.6%
------------------- -------- -------- ------ -------- -------- ------
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"Same Railroad" Carloads
JULY YEAR-TO-DATE
--------------------- ---------------------- ------------------------
Commodity Group 2006 2005 % Chg 2006 2005 % Chg
--------------------- ------- ------- ------ -------- -------- ------
Bridge Traffic 15,456 15,127 2.2% 122,907 120,925 1.6%
--------------------- ------- ------- ------ -------- -------- ------
Coal 11,528 12,307 -6.3% 90,575 86,754 4.4%
--------------------- ------- ------- ------ -------- -------- ------
Lumber & Forest
Products 9,027 10,668 -15.4% 72,825 74,629 -2.4%
--------------------- ------- ------- ------ -------- -------- ------
Agricultural & Farm
Products 8,824 8,456 4.4% 64,463 63,162 2.1%
--------------------- ------- ------- ------ -------- -------- ------
Metals 8,234 6,992 17.8% 53,009 56,128 -5.6%
--------------------- ------- ------- ------ -------- -------- ------
Chemicals 8,716 9,041 -3.6% 63,178 66,462 -4.9%
--------------------- ------- ------- ------ -------- -------- ------
Paper Products 6,445 7,361 -12.4% 45,250 52,652 -14.1%
--------------------- ------- ------- ------ -------- -------- ------
Food Products 6,434 6,397 0.6% 49,597 50,371 -1.5%
--------------------- ------- ------- ------ -------- -------- ------
Metallic/Non-metallic
Ores 5,822 5,427 7.3% 36,686 35,731 2.7%
--------------------- ------- ------- ------ -------- -------- ------
Minerals 4,871 4,940 -1.4% 34,290 33,842 1.3%
--------------------- ------- ------- ------ -------- -------- ------
Petroleum Products 3,990 3,462 15.3% 24,990 28,140 -11.2%
--------------------- ------- ------- ------ -------- -------- ------
Other 3,964 3,407 16.3% 25,585 22,706 12.7%
--------------------- ------- ------- ------ -------- -------- ------
Intermodal 2,751 2,698 2.0% 19,042 20,334 -6.4%
--------------------- ------- ------- ------ -------- -------- ------
Autos 1,525 1,298 17.5% 12,445 13,988 -11.0%
--------------------- ------- ------- ------ -------- -------- ------
TOTAL 97,587 97,581 0.0% 714,842 725,824 -1.5%
--------------------- ------- ------- ------ -------- -------- ------
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