(Reuters circulated the following article on October 5.)
CHICAGO — RailAmerica warned on Wednesday that it would report lower-than-expected third-quarter earnings because of a summer accident involving one of its railroad cars.
The Boca Raton, Florida-based company said it now expected to report earnings of about 19 cents a share, down from an original estimate of about 25 cents a share.
In late August, styrene being transported in one of the RailAmerica’s tank cars began to leak near Cincinnati, prompting evacuations of nearby residents and businesses.
Rail America said it now believes the incident will cost it about $2.3 million, or $0.04 per share.