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