JACKSONVILLE, Fla., Dec. 13, 2010 /PRNewswire/ -- RailAmerica, Inc. today reported that its total freight carloads for the month ended November 30, 2010 were 71,419, up 5.3% from 67,834 in November 2009. These results include the Ottawa Valley Railway (OVRR) operation.
The Company increased shipments in November 2010 in nine out of twelve commodity groups compared to November 2009. Much of the increase was due to shipments of Coal, Chemicals and Non-Metallic Minerals and Products. Coal increased primarily due to shipments in the Central U.S. Chemical volumes were up primarily due to increased shipments in the Midwest, Northeast and West regions. Non-Metallic Minerals and Products carloads increased primarily due to higher shipments in the Midwest, Central and Northeast regions. The largest declines were in Agricultural Products and Motor Vehicles. Agricultural Products were down primarily due to lower shipments in the Midwest and West regions, and Motor Vehicles were down primarily due to decreased shipments in the Midwest region.
RailAmerica, Inc. owns and operates short line and regional freight railroads in North America, operating a portfolio of 40 individual railroads with approximately 7,300 miles of track in 27 U.S. states and three Canadian provinces.
Cautionary Note Regarding Forward-Looking Statements
Certain items in this press release and other information we provide from time to time may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to future events and financial performance. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "appears," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements. RailAmerica, Inc. can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. Factors that could have a material adverse effect on our operations and future prospects or that could cause actual results to differ materially from RailAmerica, Inc.'s expectations include, but are not limited to, prolonged capital markets disruption and volatility, general economic conditions and business conditions, our relationships with Class I railroads and other connecting carriers, our ability to obtain railcars and locomotives from other providers on which we are currently dependent, legislative and regulatory developments including rulings by the Surface Transportation Board or the Railroad Retirement Board, strikes or work stoppages by our employees, our transportation of hazardous materials by rail, rising fuel costs, goodwill assessment risks, acquisition risks, competitive pressures within the industry, risks related to the geographic markets in which we operate; and other risks detailed in RailAmerica, Inc.'s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. In addition, new risks and uncertainties emerge from time to time, and it is not possible for RailAmerica, Inc. to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. RailAmerica, Inc. expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
RailAmerica, Inc. Carload Comparisons by Commodity Group Month Ended November 30, 2010 and 2009 November QTD November ------------------------ ----------------------- Commodity Group 2010 2009 % Chg 2010 2009 % Chg --------------- ------- -------- ------- ------ -------- ------- Coal 16,048 13,943 15.1% 28,972 27,997 3.5% Agricultural Products 11,738 13,333 -12.0% 23,818 25,474 -6.5% Chemicals 7,935 6,631 19.7% 16,461 13,774 19.5% Non-Metallic Minerals and Products 6,441 5,600 15.0% 13,660 11,509 18.7% Pulp, Paper & Allied Products 5,284 5,048 4.7% 10,568 10,353 2.1% Food or Kindred Products 4,730 4,179 13.2% 9,605 8,811 9.0% Waste & Scrap Materials 4,490 4,337 3.5% 9,472 9,301 1.8% Metallic Ores and Metals 4,489 3,985 12.6% 10,442 7,981 30.8% Petroleum 3,673 3,575 2.7% 7,078 7,018 0.9% Forest Products 3,347 3,433 -2.5% 7,183 7,413 -3.1% Other 2,594 1,929 34.5% 5,389 4,473 20.5% Motor Vehicles 650 1,841 -64.7% 1,597 3,889 -58.9% ---------------------- ------- -------- ------- ------ -------- ------ TOTAL 71,419 67,834 5.3% 144,245 137,993 4.5% OVRR (712) (707) (1,340) (1,294) TOTAL (excluding OVRR) 70,707 67,127 5.3% 142,905 136,699 4.5%
RailAmerica, Inc.
CONTACT: Investor, Ira Berger, Office: +1-904-538-6332, or Media, Donia
Crime, Office: +1-904-645-6200, or Cell: +1-404-271-1437
