Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Financials

10/27/2011



Rail News: Financials

RailAmerica ramps up revenue, income


advertisement

On Tuesday, RailAmerica Inc. reported third-quarter revenue of $139.7 million, up 9 percent compared with third-quarter 2010. Freight revenue increased 7 percent to $104.7 million and average revenue per car climbed 14 percent, but carloads dropped 6 percent to 206,975 units.

Net income increased from $8 million in the year-ago period to $9.1 million and operating income rose year-over-year from $28.5 million to $31.5 million. The company’s reported operating ratio dipped 0.3 points to 77.5.

“We achieved these [strong] results through our continuing focus on pricing, non-freight revenue and productivity,” said RailAmerica President and Chief Executive Officer John Giles in a prepared statement. “Our success in these areas allowed us to perform well despite lower carloads and the temporary disruption of service on our New England Central Railroad from Hurricane Irene.”

However, total operating expenses increased from $99.8 million in third-quarter 2010 to $108.2 million primarily because of higher fuel, labor/benefits and material costs.

RailAmerica owns and operates 43 regionals and short lines in the United States and Canada.