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RailAmerica offers $225M for New Zealand railroad

(Bloomberg News circulated the following story on May 15.) AUCKLAND, N.Z. — RailAmerica Inc., an operator of 49 railroads in five countries, offered $225 million in cash and assumed debt for Tranz Rail Holdings Ltd., whose shares have slumped as it sells assets...

RailAmerica signs $17.8 million in contracts

(RailAmerica issued the following news release on May 13.) BOCA RATON, Fla. — RailAmerica, Inc. today announced that its Indiana Southern Railroad (ISRR) has extended and increased the terms of two existing transportation contracts for an additional $17.8...

J&L sells railroad to Kansas company

(The Pittsburgh Tribune-Review posted the following article by C.M. Mortimer on its website on May 7.) PITTSBURGH, Pa. — J&L Specialty Steel, a flat-rolled stainless steel manufacturer based in Coraopolis, said Tuesday that it sold its Pennsylvania...

Dogfight looms over proposed rail plan

(The Clear Lake Citizen posted the following story by Mary Alys Cherry on its website on May 7.) CLEAR LAKE, Texas — The proposed $80 million San Jacinto Railroad got the nod Friday at the federal agency that permits such projects — setting off a flurry of...

RailAmerica’s Australian line wins two contracts

(RailAmerica issued the following news release on May 5.) BOCA RATON, Fla. — RailAmerica, Inc. today announced that its Australian railroad, Freight Australia, has recently commenced service on two new, three-year transportation agreements valued at more than...

RailAmerica short line wins award

(RailAmerica issued the following news release on April 2.) BOCA RATON, Fla. — RailAmerica, Inc. announced that its Exeter, California-based San Joaquin Valley Railroad (SJVR) was named “Short Line Railroad of the Year” by Railway Age magazine. SJVR...

Security fears put Santa Fe RR off track

(The New Mexico Business Weekly posted the following article by Andrew Webb on its website on April 15.) ALBUQUERQUE, N.M. — The co-owner of a small railroad in northern New Mexico says heightened security concerns have left a potential new business in limbo....

TRRA Implements new technology system

(RMI issued the following news release on April 15.) ATLANTA — Terminal Railroad Association (TRRA) ofSt. Louis has deployed RailConnect(R) from RMI, which delivers real time operational and shipping information to TRRA management and customers. TRRA selected...

RailAmerica completes Dallas rail line purchase

(RailAmerica issued the following news release on April 9.) BOCA RATON, Fla. — RailAmerica, Inc. announced that it has completed its previously announced line purchase from Kansas City Southern (KCS) in Dallas, Texas. RailAmerica’s Dallas, Garland &...