Welcome!

News Feed Item

RailAmerica, Inc. Reports December 2012 and Fourth Quarter 2012 Carloads

JACKSONVILLE, Fla., Jan. 15, 2013 /PRNewswire/ -- RailAmerica today reported that its total freight carloads for the month ended December 31, 2012 were 67,562, down 4.7% from 70,889 in December 2011. Total freight carloads in the fourth quarter of 2012 were 214,272 carloads, an increase of 1.1% from 211,848 carloads in the fourth quarter of 2011.

On October 1, 2012, RailAmerica, Inc. (RailAmerica) was acquired by Genesee & Wyoming Inc. (GWI) (NYSE: GWR) and simultaneously deregistered its common stock and delisted from the New York Stock Exchange.  Immediately following the closing of the acquisition, control of RailAmerica was placed into a voting trust until the U.S. Surface Transportation Board (STB) issued its decision on GWI's application to control RailAmerica's railroads. The STB issued a final decision that allowed GWI to control RailAmerica's railroads on December 28, 2012 and the voting trust that controlled RailAmerica was dissolved on that date.

For the fourth quarter of 2012, GWI accounted for its ownership of RailAmerica under the equity method of accounting and RailAmerica reported its carloadings independent of those of GWI.  This press release is posted on RailAmerica's website, www.railamerica.com. GWI's carload press release can be found on www.gwrr.com. GWI will report consolidated traffic volumes, including carloads from the RailAmerica railroads, beginning with the press release for January 2013 traffic.

RailAmerica's December 2012 shipments increased in six out of twelve commodity groups compared to December 2011.  Petroleum, Other, Forest Products and Chemicals showed the highest growth.  Petroleum traffic increases were mainly due to strength in the West region driven by LPG shipments.  Other increased mainly due to higher crude oil shipments in the Southeast and Northeast regions.  Forest Products shipments were up in all regions except the Southeast.  Chemicals were up primarily due to growth in the Midwest resulting from the Marquette Rail acquisition.

Motor Vehicles, Coal, Food or Kindred Products and Metallic Ores and Metals represented the largest declines.  Motor Vehicles were down mainly due to lower shipments in the Midwest and Northeast.  Coal declined primarily in the Central region.  Food or Kindred Products declines were largely due to lower shipments in the West, Midwest and Central regions.  Metallic Ores & Metals carloads were down in all regions except the Central.

December 2012 carloads include 1,605 carloads from acquisitions.  On a "same railroad" basis, December 2012 carloads decreased 7.0% compared to December 2011.   Fourth quarter 2012 carloads include 4,709 carloads from acquisitions. On a "same railroad" basis, fourth quarter carloads decreased 1.1% compared to the fourth quarter of 2011.

RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 45 individual railroads with approximately 7,500 miles of track in 28 U.S. states and three Canadian provinces.

RailAmerica, Inc.

Carload Comparisons by Commodity Group*

Month Ended December 31, 2012 and 2011



December

Fourth Quarter

Commodity Group

2012

2011

% Chg

2012

2011

% Chg

Agricultural Products

10,780

11,961

-9.9%

37,261

32,827

13.5%

Coal

10,575

13,606

-22.3%

33,504

40,925

-18.1%

Chemicals

7,606

6,813

11.6%

24,454

21,180

15.5%

Non-Metallic Minerals and Products

5,867

6,127

-4.2%

19,763

20,482

-3.5%

Pulp, Paper & Allied Products

5,688

5,236

8.6%

16,746

14,878

12.6%

Forest Products

4,678

4,099

14.1%

14,379

12,149

18.4%

Metallic Ores and Metals

4,675

5,500

-15.0%

13,623

17,436

-21.9%

Petroleum

4,517

3,672

23.0%

12,254

9,776

25.3%

Waste & Scrap Materials

4,463

4,384

1.8%

13,395

14,884

-10.0%

Food or Kindred Products

3,929

4,775

-17.7%

12,885

14,680

-12.2%

Other

3,328

2,801

18.8%

10,583

8,021

31.9%

Motor Vehicles

1,456

1,915

-24.0%

5,425

4,610

17.7%

             TOTAL

67,562

70,889

-4.7%

214,272

211,848

1.1%








Less WCOR and MQTR*

(1,605)



(4,709)



Same Railroad

65,957

70,889

-7.0%

209,563

211,848

-1.1%


* Wellsboro and Corning Railroad (WCOR) and Marquette Railroad (MQTR). Represents 100% of WCOR carloads, which is 70% owned by RailAmerica.

 

CONTACT: Thomas D. Savage, 1-203-629-3722

SOURCE RailAmerica, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Here are the Top 20 Twitter Influencers of the month as determined by the Kcore algorithm, in a range of current topics of interest from #IoT to #DeepLearning. To run a real-time search of a given term in our website and see the current top influencers, click on the topic name. Among the top 20 IoT influencers, ThingsEXPO ranked #14 and CloudEXPO ranked #17.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How do enterprises transform their architecture with technologies like containers without losing the reliable components of their current solutions? In his session at @DevOpsSummit at 21st Cloud Expo, Tony Campbell, Director, Educational Services at CoreOS, will explore the challenges organizations are facing today as they move to containers and go over how Kubernetes applications can deploy with lega...
In their session at @DevOpsSummit at 21st Cloud Expo, Michael Berman, VP Engineering at TidalScale, and Ivo Jimenez, Engineer at TidalScale, will describe how automating tests in TidalScale is easy thanks to WaveRunner. They will show how they use WaveRunner, Jenkins, and Docker to have agile delivery of TidalScale. Michael Berman is VP Engineering at TidalScale. TidalScale is developing a scale up compute and resource architecture for customers to perform big data exploration and real time anal...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...