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RailAmerica shelving Washington state coal export plans

(Source: Associated Press, August 15, 2012) HOQUIAM, Wash. — Regional railroad operator RailAmerica told Port of Grays Harbor commissioners Tuesday that it is shelving current plans to build acoal storage and export facility at the port’s Terminal 3 in Hoquiam. Full...

RailAmerica reports 2Q 2012 results

(Source: RailAmerica press release, July 25, 2012) JACKSONVILLE, Fla. — RailAmerica, Inc. today reported financial results for the quarter ended June 30, 2012. Second quarter 2012 revenue increased 12% to $156.1 million from $139.2 million in the second quarter of...

Rail shipping sees revival as oil prices rise

(Source: Associated Press, July 5, 2012) NEW YORK — A railroad company is renovating rusty, overgrown tracks to get at millions of tons of waste rock at an abandoned iron and titanium mine near the source of New York’s Hudson River and the highest peaks of the...