June 3, 2002 | Headlines, Short Line
MANHATTAN, Kan. — Abandonment of Kansas’ short-line railroads would add nearly $50 million annually in repairs to the state highway system, a Kansas State University report found. According to the Topeka Capital-Journal, the price tag is based on the...
May 31, 2002 | Headlines, Short Line
JACKSONVILLE, F.a — Florida East Coast Industries Inc. put its railroad up for sale six years ago, with analysts saying the relatively short 351-mile rail line from Jacksonville to Miami was too small to continue operating on its own, the Florida Times-Union...
May 24, 2002 | Headlines, Short Line
SHERWIN, Kan. — An aging General Electric locomotive, its gray nose flecked with rust, pulls slowly out of the Butterball feed mill in Kansas’ rural Cherokee County, a wire service reports. Engineer John Horton eases his string of railcars, 33 empty and...
March 28, 2002 | Headlines, Short Line
BOCA RATON, Fla. — RailAmerica sold its Georgia Southwestern Railroad in a series of deals for $7.1 million, the Palm Beach Post reports. RailAmerica said it sold 102 miles of track and real estate to the State of Georgia for $5.4 million. In two other deals, a...
March 20, 2002 | Headlines, Short Line
BOCA RATON, Fla. — RailAmerica Inc. said its fourth-quarter profit fell to $5.2 million, or 19 cents a share, from $7.1 million, or 36 cents a share, a year ago, although its annual profit climbed, the Palm Beach Post reports. Quarterly profit fell, the company...
March 19, 2002 | Headlines, Short Line
BOCA RATON, Fla. — RailAmerica, Inc., the world’s largest short line and regional railroad operator, reported record financial results for the year and fourth quarter ended December 31, 2001. Year-end 2001 Income from continuing operations for the year...
