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RailAmerica sells eight-year notes to refinance debt

(The following appeared on the Progressive Railroading website on June 23, 2009.) RailAmerica Inc. recently sold $740 million worth of eight-year senior secured notes in the private-placement market. The short-line holding company will use proceeds to refinance debt...

Providence & Worcester: The little engines that can

(The following story by G. Wayne Miller appeared on the Providence Journal website on June 24, 2009.) PROVIDENCE, R.I. — For trainmaster Steve Buckless and his two-man crew, the day begins at 7 a.m. at the Providence & Worcester Railroad’s Mill Street,...

RailAmerica traffic down; workers furloughed

(The following story by Leo King appeared on The Examiner website on June 18, 2009.) JACKSONVILLE, Fla. — Jacksonville-based RailAmerica, Inc.’s (RA) CEO, John Giles, said recently that the firm has lost 22 percent in business because of the national economic...