RailAmerica to Participate in the Morgan Stanley Small Cap Executive Forum

Michael J. Howe, Executive Vice President and Chief
Financial Officer for RailAmerica, Inc. (NYSE:RRA), will address the
Morgan Stanley Small Cap Executive Forum on Friday, June 16, 2006 at
the Crowne Plaza Times Square in New York City.
   The presentation, scheduled to begin at 10:30 a.m. ET, will be
audio webcast live on RailAmerica's website:
http://www.railamerica.com. Following the live webcast, a replay of
the presentation will be available on the RailAmerica website.
   RailAmerica, Inc. (NYSE:RRA) is a leading short line and regional
rail service provider with 42 railroads operating approximately 7,800
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.