(Reuters circulated the following article on July 27.)
CHICAGO — U.S. shortline railroad operator RailAmerica Inc. said on Thursday that quarterly net profit fell about 16 percent, pulled down, in part, by costs related to its reorganization.
The Boca Raton, Florida-based company reported net income for the quarter of $7.8 million, or 20 cents a share, compared with $9.3 million or 24 cents a share a year earlier.
Sales rose 13 percent to $116.8 million.