RailAmerica Gains Freight via 34 Customers' Growth

RailAmerica Gains Freight via 34 Customers' Growth

RailAmerica said 34 of its customers in the first half of the year announced plans to build, expand or reopen facilities, generating more than 25,000 annual carloads for the short line operator within the next 18 months.

RailAmerica said its industrial development team and its engineering and construction company, Atlas Railroad Construction, work with customers to address their shipping needs. The Jacksonville, Fla.-based company operates 43 railways totaling 7,400 miles in 27 U.S. states and three Canadian provinces.

By the Numbers: U.S. Rail Cargo

“Our clients and the communities that host them benefit from a number of advantages that arise when raw materials and finished products move by rail versus other modes of transportation, said Gary Lewis, the company’s vice president of industrial development. “The environmental benefits, energy-cost savings and overall efficiency of rail transportation are all compelling drivers of continued development on our railroads.”

RailAmerican swung to an $8.7 million profit in the April-June quarter on continuing operations, from a $4.2 million loss a year earlier. Weaker coal traffic pushed the company’s rail carloadings down 6.8 percent in July from the same period ago.

-- Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @Szakonyi_JOC