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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 September Carloads

12/10/2006 9:35pm

Business Wire


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RailAmerica, Inc. (NYSE:RRA) (“RailAmerica” or the “Company”) today reported its freight carloads for the month ended September 30, 2006. Total carloads for September 2006 were 100,385, down 7,185 carloads, or 6.7%, from 107,570 in September 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 1,540 carloads. On a "same railroad" basis, September 2006 carloads decreased 5,645 carloads, or 5.5%, to 97,842 from 103,487 in September 2005. The September 2006 carloads were primarily affected by lower shipments of Coal, Lumber & Forest Products, Paper Products and Minerals. Lumber & Forest Products carloads were affected by the continued slow down in the housing market and shipments of Paper Products continued to be negatively impacted by a work stoppage at a shipper’s facility in Nova Scotia. The facility is expected to resume production in mid October. For the nine months ended September 30, 2006, total carloads decreased 3.0% to 946,882 from 975,962 in 2005. On a "same railroad" basis for the same period, carloads were 919,469 down 1.5% from 933,906 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 September 30, 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® 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 September 30, 2006 and 2005   Consolidated Carloads     SEPTEMBER YEAR-TO-DATE Commodity Group 2006  2005  % Chg 2006  2005  % Chg Bridge Traffic 16,086  16,063  0.1% 156,522  153,501  2.0% Coal 11,187  12,746  -12.2% 113,419  112,626  0.7% Lumber & Forest Products 9,095  11,427  -20.4% 92,731  104,343  -11.1% Chemicals 8,939  9,279  -3.7% 82,998  88,036  -5.7% Agricultural & Farm Products 8,715  9,418  -7.5% 82,654  86,913  -4.9% Metals 8,590  8,853  -3.0% 71,823  73,731  -2.6% Metallic/Non-metallic Ores 7,556  6,040  25.1% 68,133  51,184  33.1% Food Products 6,874  7,191  -4.4% 64,343  65,246  -1.4% Paper Products 6,339  8,864  -28.5% 60,451  80,115  -24.5% Other 4,588  4,479  2.4% 35,187  31,215  12.7% Minerals 4,523  5,224  -13.4% 44,449  44,351  0.2% Petroleum Products 4,172  4,314  -3.3% 34,848  42,641  -18.3% Autos 1,945  2,244  -13.3% 16,745  18,341  -8.7% Intermodal 1,776  1,428  24.4% 22,579  23,719  -4.8% TOTAL 100,385  107,570  -6.7% 946,882  975,962  -3.0% “Same Railroad” Carloads     SEPTEMBER YEAR-TO-DATE Commodity Group 2006  2005  % Chg 2006  2005  % Chg Bridge Traffic 16,086  16,062  0.1% 156,521  153,488  2.0% Coal 11,187  12,746  -12.2% 113,419  112,626  0.7% Lumber & Forest Products 9,095  10,491  -13.3% 92,185  96,227  -4.2% Chemicals 8,852  9,065  -2.3% 81,623  84,948  -3.9% Agricultural & Farm Products 8,715  8,797  -0.9% 82,175  80,835  1.7% Metals 8,434  8,823  -4.4% 70,137  73,149  -4.1% Food Products 6,874  7,181  -4.3% 64,138  64,819  -1.1% Paper Products 6,339  7,651  -17.1% 59,314  67,711  -12.4% Metallic/Non-metallic Ores 5,407  5,616  -3.7% 48,259  47,471  1.7% Other 4,586  4,413  3.9% 35,009  30,792  13.7% Minerals 4,521  5,216  -13.3% 44,247  44,223  0.1% Petroleum Products 4,025  3,754  7.2% 33,118  35,557  -6.9% Autos 1,945  2,244  -13.3% 16,745  18,341  -8.7% Intermodal 1,776  1,428  24.4% 22,579  23,719  -4.8% TOTAL 97,842  103,487  -5.5% 919,469  933,906  -1.5% RailAmerica, Inc. (NYSE:RRA) ("RailAmerica" or the "Company") today reported its freight carloads for the month ended September 30, 2006. Total carloads for September 2006 were 100,385, down 7,185 carloads, or 6.7%, from 107,570 in September 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 1,540 carloads. On a "same railroad" basis, September 2006 carloads decreased 5,645 carloads, or 5.5%, to 97,842 from 103,487 in September 2005. The September 2006 carloads were primarily affected by lower shipments of Coal, Lumber & Forest Products, Paper Products and Minerals. Lumber & Forest Products carloads were affected by the continued slow down in the housing market and shipments of Paper Products continued to be negatively impacted by a work stoppage at a shipper's facility in Nova Scotia. The facility is expected to resume production in mid October. For the nine months ended September 30, 2006, total carloads decreased 3.0% to 946,882 from 975,962 in 2005. On a "same railroad" basis for the same period, carloads were 919,469 down 1.5% from 933,906 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 September 30, 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. -0- *T RailAmerica, Inc. Carload Comparisons by Commodity Group Month/Year-to-Date Ended September 30, 2006 and 2005 Consolidated Carloads SEPTEMBER YEAR-TO-DATE -------------------- ======================== ======================== Commodity Group 2006 2005 % Chg 2006 2005 % Chg ==================== ======== ======== ====== ======== ======== ====== Bridge Traffic 16,086 16,063 0.1% 156,522 153,501 2.0% -------------------- -------- -------- ------ -------- -------- ------ Coal 11,187 12,746 -12.2% 113,419 112,626 0.7% -------------------- -------- -------- ------ -------- -------- ------ Lumber & Forest Products 9,095 11,427 -20.4% 92,731 104,343 -11.1% -------------------- -------- -------- ------ -------- -------- ------ Chemicals 8,939 9,279 -3.7% 82,998 88,036 -5.7% -------------------- -------- -------- ------ -------- -------- ------ Agricultural & Farm Products 8,715 9,418 -7.5% 82,654 86,913 -4.9% -------------------- -------- -------- ------ -------- -------- ------ Metals 8,590 8,853 -3.0% 71,823 73,731 -2.6% -------------------- -------- -------- ------ -------- -------- ------ Metallic/Non- metallic Ores 7,556 6,040 25.1% 68,133 51,184 33.1% -------------------- -------- -------- ------ -------- -------- ------ Food Products 6,874 7,191 -4.4% 64,343 65,246 -1.4% -------------------- -------- -------- ------ -------- -------- ------ Paper Products 6,339 8,864 -28.5% 60,451 80,115 -24.5% -------------------- -------- -------- ------ -------- -------- ------ Other 4,588 4,479 2.4% 35,187 31,215 12.7% -------------------- -------- -------- ------ -------- -------- ------ Minerals 4,523 5,224 -13.4% 44,449 44,351 0.2% -------------------- -------- -------- ------ -------- -------- ------ Petroleum Products 4,172 4,314 -3.3% 34,848 42,641 -18.3% -------------------- -------- -------- ------ -------- -------- ------ Autos 1,945 2,244 -13.3% 16,745 18,341 -8.7% -------------------- -------- -------- ------ -------- -------- ------ Intermodal 1,776 1,428 24.4% 22,579 23,719 -4.8% -------------------- -------- -------- ------ -------- -------- ------ TOTAL 100,385 107,570 -6.7% 946,882 975,962 -3.0% -------------------- -------- -------- ------ -------- -------- ------ *T -0- *T "Same Railroad" Carloads SEPTEMBER YEAR-TO-DATE -------------------- ======================== ======================== Commodity Group 2006 2005 % Chg 2006 2005 % Chg ==================== ======== ======== ====== ======== ======== ====== Bridge Traffic 16,086 16,062 0.1% 156,521 153,488 2.0% -------------------- -------- -------- ------ -------- -------- ------ Coal 11,187 12,746 -12.2% 113,419 112,626 0.7% -------------------- -------- -------- ------ -------- -------- ------ Lumber & Forest Products 9,095 10,491 -13.3% 92,185 96,227 -4.2% -------------------- -------- -------- ------ -------- -------- ------ Chemicals 8,852 9,065 -2.3% 81,623 84,948 -3.9% -------------------- -------- -------- ------ -------- -------- ------ Agricultural & Farm Products 8,715 8,797 -0.9% 82,175 80,835 1.7% -------------------- -------- -------- ------ -------- -------- ------ Metals 8,434 8,823 -4.4% 70,137 73,149 -4.1% -------------------- -------- -------- ------ -------- -------- ------ Food Products 6,874 7,181 -4.3% 64,138 64,819 -1.1% -------------------- -------- -------- ------ -------- -------- ------ Paper Products 6,339 7,651 -17.1% 59,314 67,711 -12.4% -------------------- -------- -------- ------ -------- -------- ------ Metallic/Non- metallic Ores 5,407 5,616 -3.7% 48,259 47,471 1.7% -------------------- -------- -------- ------ -------- -------- ------ Other 4,586 4,413 3.9% 35,009 30,792 13.7% -------------------- -------- -------- ------ -------- -------- ------ Minerals 4,521 5,216 -13.3% 44,247 44,223 0.1% -------------------- -------- -------- ------ -------- -------- ------ Petroleum Products 4,025 3,754 7.2% 33,118 35,557 -6.9% -------------------- -------- -------- ------ -------- -------- ------ Autos 1,945 2,244 -13.3% 16,745 18,341 -8.7% -------------------- -------- -------- ------ -------- -------- ------ Intermodal 1,776 1,428 24.4% 22,579 23,719 -4.8% -------------------- -------- -------- ------ -------- -------- ------ TOTAL 97,842 103,487 -5.5% 919,469 933,906 -1.5% -------------------- -------- -------- ------ -------- -------- ------ *T

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