Railamerica (NYSE:RRA)
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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