(The following appeared on the Journal of Commerce website on February 23, 2011.)
Short line operator RailAmerica had a fourth-quarter profit of $17.9 million, up from a $6.9 million loss in the final period of 2009.
RailAmerica owns and operates 40 small railroads with about 7,300 track miles in 27 U.S. states and three Canadian provinces.
For all of 2010, net income of $19.1 million was up 21 percent, while revenue rose 15 percent to $490 million. Its bulk-hauling short lines had average revenue per carload of $455 in the final 2010 period, up from $421a year earlier.
The full story appears at www.joc.com.