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RRA Railamerica

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Share Name Share Symbol Market Type
Railamerica NYSE:RRA NYSE Ordinary Share
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RailAmerica Reports October Carloads

20/11/2006 9:45pm

Business Wire


Railamerica (NYSE:RRA)
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RailAmerica, Inc. (NYSE:RRA) (“RailAmerica” or the “Company”) today reported its freight carloads for the month ended October 31, 2006. Total carloads for October 2006 were 102,031, down 10,103 carloads, or 9.0%, from 112,134 in October 2005. The sale of the San Luis and Rio Grande Railroad, the E&N Railway and the three Alberta properties accounted for a decrease of 4,903 carloads. On a "same railroad" basis, October 2006 carloads decreased 5,200 carloads, or 4.8%, from 107,231 in October 2005. The October 2006 carloads were primarily affected by lower shipments of lumber and forest products, coal, minerals, and autos. Lumber and forest products carloads were impacted by the continued slow down in the housing market. For the ten months ended October 31, 2006, total carloads decreased 3.6% to 1,048,913 from 1,088,096 in 2005. On a "same railroad" basis for the same period, carloads were 1,021,500, down 1.9% from 1,041,137 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 October 31, 2006 and 2005. The Company also announced that, in light of its announcement on November 15, 2006, of its agreement to be acquired by an affiliate of Fortress Investment Group LLC, it will discontinue providing monthly carload announcements. 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® 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. RailAmerica, Inc.   Carload Comparisons by Commodity Group Month/Year-to-Date Ended October 31, 2006 and 2005   Consolidated Carloads   OCTOBER   YEAR-TO-DATE Commodity Group 2006  2005  % Chg 2006  2005  % Chg Bridge Traffic 16,003  16,627  -3.8% 172,525  170,128  1.4% Coal 11,001  12,601  -12.7% 124,420  125,227  -0.6% Chemicals 9,350  9,783  -4.4% 92,348  97,818  -5.6% Agricultural & Farm Products 9,290  9,429  -1.5% 91,944  96,342  -4.6% Lumber & Forest Products 8,577  11,589  -26.0% 101,308  115,926  -12.6% Metals 8,526  9,063  -5.9% 80,349  82,794  -3.0% Food Products 7,920  7,892  0.4% 72,263  73,118  -1.2% Metallic/Non-metallic Ores 7,848  7,859  -0.1% 75,981  59,043  28.7% Paper Products 6,975  8,734  -20.1% 67,426  88,849  -24.1% Other 4,735  4,566  3.7% 39,922  35,723  11.8% Minerals 4,396  5,307  -17.2% 48,845  49,658  -1.6% Petroleum Products 3,856  4,574  -15.7% 38,704  47,215  -18.0% Intermodal 1,919  1,720  11.6% 24,498  25,524  -4.0% Autos 1,635  2,390  -31.6% 18,380  20,731  -11.3% TOTAL 102,031  112,134  -9.0% 1,048,913  1,088,096  -3.6% “Same Railroad” Carloads   OCTOBER YEAR-TO-DATE Commodity Group 2006  2005  % Chg 2006  2005  % Chg Bridge Traffic 16,003  16,618  -3.7% 172,524  170,106  1.4% Coal 11,001  12,601  -12.7% 124,420  125,227  -0.6% Chemicals 9,350  9,422  -0.8% 90,973  94,369  -3.6% Agricultural & Farm Products 9,290  8,513  9.1% 91,465  89,348  2.4% Lumber & Forest Products 8,577  10,577  -18.9% 100,762  106,798  -5.7% Metals 8,526  9,036  -5.6% 78,663  82,185  -4.3% Food Products 7,920  7,882  0.5% 72,058  72,681  -0.9% Metallic/Non-metallic Ores 7,848  7,408  5.9% 56,107  54,879  2.2% Paper Products 6,975  7,230  -3.5% 66,289  74,941  -11.5% Other 4,735  4,539  4.3% 39,744  35,273  12.7% Minerals 4,396  5,288  -16.9% 48,643  49,511  -1.8% Petroleum Products 3,856  4,007  -3.8% 36,974  39,564  -6.5% Intermodal 1,919  1,720  11.6% 24,498  25,524  -4.0% Autos 1,635  2,390  -31.6% 18,380  20,731  -11.3% TOTAL 102,031  107,231  -4.8% 1,021,500  1,041,137  -1.9% RailAmerica, Inc. (NYSE:RRA) ("RailAmerica" or the "Company") today reported its freight carloads for the month ended October 31, 2006. Total carloads for October 2006 were 102,031, down 10,103 carloads, or 9.0%, from 112,134 in October 2005. The sale of the San Luis and Rio Grande Railroad, the E&N Railway and the three Alberta properties accounted for a decrease of 4,903 carloads. On a "same railroad" basis, October 2006 carloads decreased 5,200 carloads, or 4.8%, from 107,231 in October 2005. The October 2006 carloads were primarily affected by lower shipments of lumber and forest products, coal, minerals, and autos. Lumber and forest products carloads were impacted by the continued slow down in the housing market. For the ten months ended October 31, 2006, total carloads decreased 3.6% to 1,048,913 from 1,088,096 in 2005. On a "same railroad" basis for the same period, carloads were 1,021,500, down 1.9% from 1,041,137 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 October 31, 2006 and 2005. The Company also announced that, in light of its announcement on November 15, 2006, of its agreement to be acquired by an affiliate of Fortress Investment Group LLC, it will discontinue providing monthly carload announcements. 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. -0- *T RailAmerica, Inc. Carload Comparisons by Commodity Group Month/Year-to-Date Ended October 31, 2006 and 2005 Consolidated Carloads OCTOBER YEAR-TO-DATE ------------------------ ---------------------------- Commodity Group 2006 2005 % Chg 2006 2005 % Chg ================ ======== ======== ====== ========== ========== ====== Bridge Traffic 16,003 16,627 -3.8% 172,525 170,128 1.4% ---------------- -------- -------- ------ ---------- ---------- ------ Coal 11,001 12,601 -12.7% 124,420 125,227 -0.6% ---------------- -------- -------- ------ ---------- ---------- ------ Chemicals 9,350 9,783 -4.4% 92,348 97,818 -5.6% ---------------- -------- -------- ------ ---------- ---------- ------ Agricultural & Farm Products 9,290 9,429 -1.5% 91,944 96,342 -4.6% ---------------- -------- -------- ------ ---------- ---------- ------ Lumber & Forest Products 8,577 11,589 -26.0% 101,308 115,926 -12.6% ---------------- -------- -------- ------ ---------- ---------- ------ Metals 8,526 9,063 -5.9% 80,349 82,794 -3.0% ---------------- -------- -------- ------ ---------- ---------- ------ Food Products 7,920 7,892 0.4% 72,263 73,118 -1.2% ---------------- -------- -------- ------ ---------- ---------- ------ Metallic/Non- metallic Ores 7,848 7,859 -0.1% 75,981 59,043 28.7% ---------------- -------- -------- ------ ---------- ---------- ------ Paper Products 6,975 8,734 -20.1% 67,426 88,849 -24.1% ---------------- -------- -------- ------ ---------- ---------- ------ Other 4,735 4,566 3.7% 39,922 35,723 11.8% ---------------- -------- -------- ------ ---------- ---------- ------ Minerals 4,396 5,307 -17.2% 48,845 49,658 -1.6% ---------------- -------- -------- ------ ---------- ---------- ------ Petroleum Products 3,856 4,574 -15.7% 38,704 47,215 -18.0% ---------------- -------- -------- ------ ---------- ---------- ------ Intermodal 1,919 1,720 11.6% 24,498 25,524 -4.0% ---------------- -------- -------- ------ ---------- ---------- ------ Autos 1,635 2,390 -31.6% 18,380 20,731 -11.3% ---------------- -------- -------- ------ ---------- ---------- ------ TOTAL 102,031 112,134 -9.0% 1,048,913 1,088,096 -3.6% ---------------- -------- -------- ------ ---------- ---------- ------ *T -0- *T "Same Railroad" Carloads OCTOBER YEAR-TO-DATE ------------------------ ---------------------------- Commodity Group 2006 2005 % Chg 2006 2005 % Chg ================ ======== ======== ====== ========== ========== ====== Bridge Traffic 16,003 16,618 -3.7% 172,524 170,106 1.4% ---------------- -------- -------- ------ ---------- ---------- ------ Coal 11,001 12,601 -12.7% 124,420 125,227 -0.6% ---------------- -------- -------- ------ ---------- ---------- ------ Chemicals 9,350 9,422 -0.8% 90,973 94,369 -3.6% ---------------- -------- -------- ------ ---------- ---------- ------ Agricultural & Farm Products 9,290 8,513 9.1% 91,465 89,348 2.4% ---------------- -------- -------- ------ ---------- ---------- ------ Lumber & Forest Products 8,577 10,577 -18.9% 100,762 106,798 -5.7% ---------------- -------- -------- ------ ---------- ---------- ------ Metals 8,526 9,036 -5.6% 78,663 82,185 -4.3% ---------------- -------- -------- ------ ---------- ---------- ------ Food Products 7,920 7,882 0.5% 72,058 72,681 -0.9% ---------------- -------- -------- ------ ---------- ---------- ------ Metallic/Non- metallic Ores 7,848 7,408 5.9% 56,107 54,879 2.2% ---------------- -------- -------- ------ ---------- ---------- ------ Paper Products 6,975 7,230 -3.5% 66,289 74,941 -11.5% ---------------- -------- -------- ------ ---------- ---------- ------ Other 4,735 4,539 4.3% 39,744 35,273 12.7% ---------------- -------- -------- ------ ---------- ---------- ------ Minerals 4,396 5,288 -16.9% 48,643 49,511 -1.8% ---------------- -------- -------- ------ ---------- ---------- ------ Petroleum Products 3,856 4,007 -3.8% 36,974 39,564 -6.5% ---------------- -------- -------- ------ ---------- ---------- ------ Intermodal 1,919 1,720 11.6% 24,498 25,524 -4.0% ---------------- -------- -------- ------ ---------- ---------- ------ Autos 1,635 2,390 -31.6% 18,380 20,731 -11.3% ---------------- -------- -------- ------ ---------- ---------- ------ TOTAL 102,031 107,231 -4.8% 1,021,500 1,041,137 -1.9% ---------------- -------- -------- ------ ---------- ---------- ------ *T

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