RailAmerica

RailAmerica, Inc.
Type Public (NYSE: RA)
Industry Rail transport
Founded 1986
Headquarters Jacksonville, Florida, United States
Services Short line and regional railroads
Revenue US$410.6 million (2009) [1]
Owner(s) Fortress Investment Group
Website www.railamerica.com

RailAmerica, Inc., based in Jacksonville, Florida, is a holding company of a number of short-line railroads and regional railroads in the United States and Canada.

In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the New York Stock Exchange with the ticker symbol RRA.[2] It was relisted in October, 2009 with the ticker symbol RA.

On 30 June 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million.[3]

In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million.[4]

Present and former subsidiaries

RailAmerica controls the following railroads. It has acquired some through purchase of other holding companies: RailLink Canada in July 1999, RailTex in February 2000, ParkSierra and StatesRail in January 2002, and the rail properties of Alcoa in September 2005. RailAmerica's owner, Fortress Investment Group, purchased the Florida East Coast Railway in September 2007 from Florida East Coast Industries.

Company Acquired from Date[5] Notes
Alabama and Gulf Coast Railway StatesRail[6] 02002-01 January 2002
Arizona and California Railroad ParkSierra[7] 02002-01 January 2002
Bauxite and Northern Railway Alcoa[8] 02005-09 September 2005
California Northern Railroad ParkSierra[7] 02002-01 January 2002
Cape Breton and Central Nova Scotia Railway RailTex[9] 02000-02 February 2000
Carolina Piedmont Railroad RailTex[10] 02000-02 February 2000
Cascade and Columbia River Railroad direct[11] 01996-09 September 1996
Central Michigan Railway direct 02004-01 January 2004 Leased by Huron and Eastern Railway
Central Oregon and Pacific Railroad RailTex[10] 02000-02 February 2000
Central Railroad of Indiana RailTex[10] 02000-02 February 2000
Central Railroad of Indianapolis RailTex[10] 02000-02 February 2000 Also operates Winamac Southern Railway as agent
Chesapeake and Albemarle Railroad RailTex[10] 02000-02 February 2000
Chicago, Fort Wayne and Eastern Railroad direct[12] 02004-07 July 2004
Connecticut Southern Railroad RailTex[10] 02000-02 February 2000
Dallas, Garland and Northeastern Railroad RailTex[10] 02000-02 February 2000
Eastern Alabama Railway StatesRail[13] 02002-01 January 2002
Florida East Coast Railway Florida East Coast Industries 02008-03 March 2008 under common control with RailAmerica
Goderich-Exeter Railway RailTex[9] 02000-02 February 2000
Grand Rapids Eastern Railroad RailTex[10] 02000-02 February 2000
Huron and Eastern Railway direct 01992-03 March 1992
Indiana and Ohio Railway RailTex[10] 02000-02 February 2000
Indiana Southern Railroad RailTex[10] 02000-02 February 2000
Kiamichi Railroad direct[14] 02002-01 January 2002
Kyle Railroad StatesRail[13] 02002-01 January 2002
Lahaina, Kaanapali and Pacific Railroad StatesRail[5] 02002-01 January 2002
Massena Terminal Railroad Alcoa[8] 02005-09 September 2005
Michigan Shore Railroad RailTex[10] 02000-02 February 2000
Mid-Michigan Railroad RailTex[10] 02000-02 February 2000
Missouri and Northern Arkansas Railroad RailTex[10] 02000-02 February 2000
New England Central Railroad RailTex[10] 02000-02 February 2000
North Carolina and Virginia Railroad RailTex[10] 02000-02 February 2000
Ottawa Valley Railway RaiLink[5] 01999-07 July 1999
Otter Tail Valley Railroad direct[15] 01996-10 October 1996
Point Comfort and Northern Railway Alcoa[8] 02005-09 September 2005
Puget Sound and Pacific Railroad ParkSierra[7] 02002-01 January 2002
Rockdale, Sandow and Southern Railroad Alcoa[8] 02005-09 September 2005
San Diego and Imperial Valley Railroad RailTex[10] 02000-02 February 2000
San Joaquin Valley Railroad StatesRail[13] 02002-01 January 2002
South Carolina Central Railroad RailTex[10] 02000-02 February 2000
Southern Ontario Railway RaiLink[5] 01999-07 July 1999
Texas Northeastern Railroad RailTex[10] 02000-02 February 2000
Toledo, Peoria and Western Railway direct[16] 01999-09 September 1999
Ventura County Railroad direct[17] 01998-08 August 1998
Virginia Southern Railroad RailTex[10] 02000-02 February 2000
A&R Line, Inc. TP&W 01999-09 September 1999 Leased by TP&W since 1997; owned by Cargill; service ended in September 2002[18]
Arizona Eastern Railway StatesRail[13] 02002-01 January 2002 Sold December 2004 to Permian Basin Railways[5][19][20]
Central Western Railway RaiLink[5] 01999-07 July 1999 Sold January 2006[5]
Dakota Rail, Inc. direct 01995-09 September 1995 Sold December 2001 to Hennepin County Regional Railroad Authority[5][21]
Delaware Valley Railway direct 01994-07 July 1994 Lease transferred March 1999 to Brandywine Valley Railroad[22]
E&N Railway direct 01999-01 January 1999 Sold June 2006 to Southern Railway of British Columbia
Evansville Terminal Company direct[23] 01996-06 June 1996 Sold September 1997 to John H. Marino[5][24]
Ferronor direct 01997-02 February 1997 Leased Potrerillos Railway in January 2002;[25] sold February 2004[5]
Freight Australia direct 01999-04 April 1999 Sold August 2004 to Pacific National[5]
Georgia Southwestern Railroad RailTex[10] 02000-02 February 2000 Sold March 2002 to local interests[5][26]
Gettysburg Railway direct[27] 01996-11 November 1996 Sold October 1997 to John H. Marino; included Gettysburg Scenic Rail Tours[5][24]
Indiana and Ohio Central Railroad RailTex[10] 02000-02 February 2000 Merged May 2005 into Indiana and Ohio Railway[28]
J.K. Line, Inc. TP&W 01999-09 September 1999 Leased by TP&W since 1998; owned by Cargill; service ended in April 2002[29][30]
Lakeland and Waterways Railway RaiLink[5] 01999-07 July 1999 Sold January 2006[5]
Mackenzie Northern Railway RaiLink[5] 01999-07 July 1999 Sold January 2006[5]
Minnesota Northern Railroad direct[31] 01996-12 December 1996 Sold August 2000 to KBN, Inc.[5][32]
Ontario L'Orignal Railway RailTex[9] 02000-02 February 2000 Sold December 2000[5]
Pittsburgh Industrial Railroad RailTex[10] 02000-02 February 2000 Sold December 2000 to Summit View, Inc.[5][33]
Plainview Terminal Company direct 01995-11 November 1995
St. Croix Valley Railroad direct[34] 01997-09 September 1997 Sold August 2000 to KBN, Inc.[5][32]
Saginaw Valley Railway direct 01992-03 March 1992 Merged September 2004 into Huron and Eastern Railway[35]
San Luis and Rio Grande Railroad direct[36] 02003-06 June 2003 Sold December 2005 to Permian Basin Railways[5][19][37]
San Pedro and Southwestern Railway StatesRail[13] 02002-01 January 2002 Sold October 2003 to Arizona Railroad Group[5][38]
South Central Tennessee Railroad direct 01994-02 February 1994 Sold December 2000 to Henry G. Hohorst et al.[5][39]
Texas-New Mexico Railroad RailTex[10] 02000-02 February 2000 Sold May 2002 to Permian Basin Railways[5][19][40]
West Texas and Lubbock Railroad direct 01995-11 November 1995 Leased May 2002 to Permian Basin Railways subsidiary West Texas and Lubbock Railway; sold December 2004 to Permian Basin Railways[5][19][40][41]

References

  1. ^ http://www.sec.gov/Archives/edgar/data/887637/000095012310028591/g22631e10vk.htm#113
  2. ^ "Fortress Completes Acquisition of RailAmerica, Inc.". RailAmerica. 2007-02-14. Archived from the original on 14 February 2007. http://findarticles.com/p/articles/mi_m0EIN/is_/ai_n27149840. Retrieved 2007-10-31. 
  3. ^ "RailAmerica buys rail construction company". Trains Magazine. 1 July 2010. http://www.trains.com/trn/default.aspx?c=a&id=7042. Retrieved 5 July 2010. 
  4. ^ "RailAmerica to Acquire Gulf and Ohio's Three Alabama Short Lines". Progressive Railroading. 11 April 2011. http://www.progressiverailroading.com/news/article/RailAmerica-to-acquire-Gulf-and-Ohios-three-Alabama-short-lines--26280. 
  5. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z Securities and Exchange Commission, Form 10-K: RailAmerica, Inc., for the fiscal year ended December 31, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005
  6. ^ STB Finance Docket No. 34128, December 28, 2001
  7. ^ a b c STB Finance Docket No. 34197, May 23, 2002
  8. ^ a b c d STB Finance Docket No. 34758, October 19, 2005
  9. ^ a b c Securities and Exchange Commission, Form 8-K: RailTex, Inc., November 8, 1999
  10. ^ a b c d e f g h i j k l m n o p q r s t u v w STB Finance Docket No. 33813, November 16, 1999
  11. ^ STB Finance Docket No. 33048, September 13, 1996
  12. ^ STB Finance Docket No. 34508, July 30, 2004
  13. ^ a b c d e STB Finance Docket No. 34129, December 28, 2001
  14. ^ STB Finance Docket No. 34130, January 30, 2002
  15. ^ STB Finance Docket No. 33138, October 25, 1996
  16. ^ STB Finance Docket No. 33777, September 17, 1999
  17. ^ STB Finance Docket No. 33650, September 24, 1998
  18. ^ STB Docket No. AB-855 (Sub-No. 1X), September 29, 2003
  19. ^ a b c d Permian Basin Railways, accessed December 2008
  20. ^ STB Finance Docket No. 34614, December 22, 2004
  21. ^ STB Docket No. AB-472 (Sub-No. 1X), December 27, 2001
  22. ^ STB Finance Docket No. 33722, April 16, 1999
  23. ^ STB Finance Docket No. 32990, July 17, 1996
  24. ^ a b STB Finance Docket No. 33505, November 21, 1997
  25. ^ RailAmerica: History, accessed December 2008
  26. ^ History of the GSWR, accessed December 2008
  27. ^ STB Finance Docket No. 33287, November 18, 1996
  28. ^ Railroad Retirement Board, Employer Status Determination: Indiana & Ohio Central Railroad, Inc., October 11, 2005
  29. ^ Railroad Retirement Board, Employer Status Determination: Marksman Corporation, December 18, 2000
  30. ^ STB Docket No. AB-856 (Sub-No. 1X), November 18, 2003
  31. ^ STB Finance Docket No. 33316, March 12, 1997
  32. ^ a b STB Finance Docket No. 33911, August 31, 2000
  33. ^ STB Finance Docket No. 33978, January 11, 2001
  34. ^ STB Finance Docket No. 33443, September 3, 1997
  35. ^ Railroad Retirement Board, Employer Status Determination: Saginaw Valley Railway Company, March 22, 2005
  36. ^ STB Finance Docket No. 34352, July 18, 2003
  37. ^ STB Finance Docket No. 34799, January 12, 2006
  38. ^ STB Finance Docket No. 34430, November 21, 2003
  39. ^ STB Finance Docket No. 33987, January 12, 2001
  40. ^ a b STB Finance Docket No. 34206, June 14, 2002
  41. ^ STB Finance Docket No. 34613, December 22, 2004

External links

RailAmerica railroads
Canadian railroads
U.S. railroads
Alabama and Gulf Coast Railway • Arizona and California Railroad • Bauxite and Northern Railway • California Northern Railroad • Carolina Piedmont Railroad • Cascade and Columbia River Railroad • Central Oregon and Pacific Railroad • Central Railroad of Indiana • Central Railroad of Indianapolis • Chesapeake and Albemarle Railroad • Chicago, Fort Wayne and Eastern Railroad • Connecticut Southern Railroad • Dallas, Garland and Northeastern Railroad • Eastern Alabama Railway • Grand Rapids Eastern Railroad • Huron and Eastern Railway • Indiana and Ohio Railway • Indiana Southern Railroad • Kiamichi Railroad • Kyle Railroad • Massena Terminal Railroad • Michigan Shore Railroad • Mid-Michigan Railroad • Missouri and Northern Arkansas Railroad • New England Central Railroad • North Carolina and Virginia Railroad • Otter Tail Valley Railroad • Point Comfort and Northern Railway • Puget Sound and Pacific Railroad • Rockdale, Sandow and Southern Railroad • San Diego and Imperial Valley Railroad • San Joaquin Valley Railroad • South Carolina Central Railroad • Texas Northeastern Railroad • Toledo, Peoria and Western Railway • Ventura County Railroad