Wednesday, September 15, 2010

RailAmerica expects 5% third-quarter growth

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RailAmerica, Inc. said Wednesday that it expects carload traffic on its 40 railroads to grow approximately 5% in the third quarter of 2010 compared to the third quarter of 2009. RailAmerica lines operate approximately 7,400 miles of track in 27 U.S. states and three Canadian provinces.

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The company reported that its August carload totaled 72,221, up 3.6% from 69,702 in August 2009. These results exclude the discontinued Ottawa Valley Railway.

August shipments were up in six of 12 commodity groups compared to August 2009. Leading the increases were metallic ores and metals, chemicals, and non-metallic minerals and products. The largest declines were in coal, waste and scrap materials, and motor vehicles.