RailAmerica









































RailAmerica, Inc.
Type
Private
Industry Rail transport
Founded 1986
Headquarters
Jacksonville, Florida
,
United States

Services
Short line and regional railroads
Revenue US$410.6 million (2009)[1]
Owner Genesee & Wyoming Inc.
Website www.railamerica.com

RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada.


In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the New York Stock Exchange with the ticker symbol RRA.[2] It was relisted in October 2009 with the ticker symbol RA.


On June 30, 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million.[3]


In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million.[4]


On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion.[5][6] Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012.[7] While awaiting the decision, Genesee & Wyoming put RailAmerica control in the hands of a trust.[8] They assumed control on December 28, 2012 and the company was in the process of integration to G&W.[9][10]



Present and former subsidiaries


RailAmerica controlled the following railroads. It has acquired some through purchase of other holding companies: RailLink Canada in July 1999, RailTex in February 2000, ParkSierra and StatesRail in January 2002, and the rail properties of Alcoa in September 2005.


In addition to those listed below, RailAmerica's prior owner, Fortress Investment Group, purchased the Florida East Coast Railway (FEC) in September 2007 from Florida East Coast Industries. Although Fortress maintained a level of common control between the two railroads, FEC was never made a formal part of the RailAmerica family, and Fortress did not include FEC in the RailAmerica spinoff.


RailAmerica was founded by Donald Redfearn and Gary O. Marino in 1986.









































































































































































































































































































































































































Company
Acquired from
Date[11]
Notes

Alabama and Gulf Coast Railway
StatesRail[12]

January 2002

Arizona and California Railroad
ParkSierra[13]

January 2002

Bauxite and Northern Railway
Alcoa[14]

September 2005

California Northern Railroad
ParkSierra[13]

January 2002

Cape Breton and Central Nova Scotia Railway
RailTex[15]

February 2000

Carolina Piedmont Railroad
RailTex[16]

February 2000

Cascade and Columbia River Railroad
direct[17]

September 1996

Central Michigan Railway
direct

January 2004
Leased by Huron and Eastern Railway

Central Oregon and Pacific Railroad
RailTex[16]

February 2000

Central Railroad of Indiana
RailTex[16]

February 2000

Central Railroad of Indianapolis
RailTex[16]

February 2000
Also operates Winamac Southern Railway as agent

Chesapeake and Albemarle Railroad
RailTex[16]

February 2000

Chicago, Fort Wayne and Eastern Railroad
direct[18]

July 2004

Connecticut Southern Railroad
RailTex[16]

February 2000

Dallas, Garland and Northeastern Railroad
RailTex[16]

February 2000

Eastern Alabama Railway
StatesRail[19]

January 2002

Goderich-Exeter Railway
RailTex[15]

February 2000

Grand Rapids Eastern Railroad
RailTex[16]

February 2000

Huron and Eastern Railway
direct

March 1992

Indiana and Ohio Railway
RailTex[16]

February 2000

Indiana Southern Railroad
RailTex[16]

February 2000

Kiamichi Railroad
direct[20]

January 2002

Kyle Railroad
StatesRail[19]

January 2002

Lahaina, Kaanapali and Pacific Railroad
StatesRail[11]

January 2002

Marquette Rail
direct[21]

February 2012

Massena Terminal Railroad
Alcoa[14]

September 2005

Michigan Shore Railroad
RailTex[16]

February 2000

Mid-Michigan Railroad
RailTex[16]

February 2000

Missouri and Northern Arkansas Railroad
RailTex[16]

February 2000

New England Central Railroad
RailTex[16]

February 2000

North Carolina and Virginia Railroad
RailTex[16]

February 2000

Ottawa Valley Railway
RaiLink[11]

July 1999

Otter Tail Valley Railroad
direct[22]

October 1996

Point Comfort and Northern Railway
Alcoa[14]

September 2005

Puget Sound and Pacific Railroad
ParkSierra[13]

January 2002

Raillink Canada Limited
Direct

January 2002
Registered office in Montreal

Rockdale, Sandow and Southern Railroad
Alcoa[14]

September 2005

San Diego and Imperial Valley Railroad
RailTex[16]

February 2000

San Joaquin Valley Railroad
StatesRail[19]

January 2002

South Carolina Central Railroad
RailTex[16]

February 2000

Southern Ontario Railway
RaiLink[11]

July 1999

Texas Northeastern Railroad
RailTex[16]

February 2000

Toledo, Peoria and Western Railway
direct[23]

September 1999

Ventura County Railroad
direct[24]

August 1998

Virginia Southern Railroad
RailTex[16]

February 2000

A&R Line, Inc.

TP&W

September 1999
Leased by TP&W since 1997; owned by Cargill; service ended in September 2002[25]

Arizona Eastern Railway
StatesRail[19]

January 2002
Sold December 2004 to Permian Basin Railways[11][26][27]

Central Western Railway
RaiLink[11]

July 1999
Sold January 2006[11]

Dakota Rail, Inc.
direct

September 1995
Sold December 2001 to Hennepin County Regional Railroad Authority[11][28]

Delaware Valley Railway
direct

July 1994
Lease transferred March 1999 to Brandywine Valley Railroad[29]

E&N Railway
direct

January 1999
Sold June 2006 to Southern Railway of British Columbia

Evansville Terminal Company
direct[30]

June 1996
Sold September 1997 to John H. Marino[11][31]

Ferronor
direct

February 1997
Leased Potrerillos Railway in January 2002;[32] sold February 2004[11]

Freight Australia
direct

April 1999
Sold August 2004 to Pacific National[11]

Georgia Southwestern Railroad
RailTex[16]

February 2000
Sold March 2002 to local interests[11][33]

Gettysburg Railway
direct[34]

November 1996
Sold October 1997 to John H. Marino; included Gettysburg Scenic Rail Tours[11][31]

Indiana and Ohio Central Railroad
RailTex[16]

February 2000
Merged May 2005 into Indiana and Ohio Railway[35]

J.K. Line, Inc.

TP&W

September 1999
Leased by TP&W since 1998; owned by Cargill; service ended in April 2002[36][37]

Lakeland and Waterways Railway
RaiLink[11]

July 1999
Sold January 2006[11]

Mackenzie Northern Railway
RaiLink[11]

July 1999
Sold January 2006[11]

Minnesota Northern Railroad
direct[38]

December 1996
Sold August 2000 to KBN, Inc.[11][39]

Ontario L'Orignal Railway
RailTex[15]

February 2000
Sold December 2000[11]

Pittsburgh Industrial Railroad
RailTex[16]

February 2000
Sold December 2000 to Summit View, Inc.[11][40]

Plainview Terminal Company
direct

November 1995


St. Croix Valley Railroad
direct[41]

September 1997
Sold August 2000 to KBN, Inc.[11][39]

Saginaw Valley Railway
direct

March 1992
Merged September 2004 into Huron and Eastern Railway[42]

San Luis and Rio Grande Railroad
direct[43]

June 2003
Sold December 2005 to Permian Basin Railways[11][26][44]

San Pedro and Southwestern Railway
StatesRail[19]

January 2002
Sold October 2003 to Arizona Railroad Group[11][45]

South Central Tennessee Railroad
direct

February 1994
Sold December 2000 to Henry G. Hohorst et al.[11][46]

Texas-New Mexico Railroad
RailTex[16]

February 2000
Sold May 2002 to Permian Basin Railways[11][26][47]

West Texas and Lubbock Railroad
direct

November 1995
Leased May 2002 to Permian Basin Railways subsidiary West Texas and Lubbock Railway; sold December 2004 to Permian Basin Railways[11][26][47][48]


References





  1. ^ RailAmerica (December 31, 2009). "Form 10-K: Commission file number 001-32579". United States Securities and Exchange Commission..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "Fortress Completes Acquisition of RailAmerica, Inc". RailAmerica. February 14, 2007. Archived from the original on February 14, 2007. Retrieved October 31, 2007.


  3. ^ "RailAmerica buys rail construction company". Trains Magazine. July 1, 2010. Retrieved July 5, 2010.


  4. ^ "RailAmerica to Acquire Gulf and Ohio's Three Alabama Short Lines". Progressive Railroading. April 11, 2011.


  5. ^ Associated Press (July 23, 2012). "Genesee & Wyoming to pay $1.39B for RailAmerica". STL Today.com. Retrieved July 23, 2012.


  6. ^ "UPDATE 4-Genesee & Wyoming to buy RailAmerica for $1.4 billion". Reuters. July 23, 2012. Retrieved July 23, 2012.


  7. ^ Surface Transportation Board, Decision, Case No. 42772, December 19, 2012


  8. ^ "Rail America sale completed - Railway Gazette". Railway Gazette International. Retrieved 4 October 2012.


  9. ^ staff (February 13, 2013). "RailAmerica acquisition skewed Genesee & Wyoming's 4Q financial results". Progressive Railroading. Retrieved 19 March 2015.


  10. ^ Bowen, Douglas John (2 May 2013). "GWI marks 1Q earnings, new headquarters". Railway Age. Simmons-Boardman Publishing Corporation. Retrieved 2 April 2015.


  11. ^ abcdefghijklmnopqrstuvwxyz Securities and Exchange Commission, Form 10-K: RailAmerica, Inc., for the fiscal year ended December 31, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005


  12. ^ STB Finance Docket No. 34128, December 28, 2001


  13. ^ abc STB Finance Docket No. 34197, May 23, 2002


  14. ^ abcd STB Finance Docket No. 34758, October 19, 2005


  15. ^ abc Securities and Exchange Commission, Form 8-K: RailTex, Inc., November 8, 1999


  16. ^ abcdefghijklmnopqrstuvw STB Finance Docket No. 33813, November 16, 1999


  17. ^ STB Finance Docket No. 33048, September 13, 1996


  18. ^ STB Finance Docket No. 34508, July 30, 2004


  19. ^ abcde STB Finance Docket No. 34129, December 28, 2001


  20. ^ STB Finance Docket No. 34130, January 30, 2002


  21. ^ "RailAmerica acquires Marquette Rail". Rail-USA. 8 February 2012. Archived from the original on 15 February 2012. Retrieved 15 February 2012.


  22. ^ STB Finance Docket No. 33138, October 25, 1996


  23. ^ STB Finance Docket No. 33777, September 17, 1999


  24. ^ STB Finance Docket No. 33650, September 24, 1998


  25. ^ STB Docket No. AB-855 (Sub-No. 1X), September 29, 2003


  26. ^ abcd Permian Basin Railways, accessed December 2008


  27. ^ STB Finance Docket No. 34614, December 22, 2004


  28. ^ STB Docket No. AB-472 (Sub-No. 1X), December 27, 2001


  29. ^ STB Finance Docket No. 33722, April 16, 1999


  30. ^ STB Finance Docket No. 32990, July 17, 1996


  31. ^ ab STB Finance Docket No. 33505, November 21, 1997


  32. ^ RailAmerica: History, accessed December 2008


  33. ^ History of the GSWR, accessed December 2008


  34. ^ STB Finance Docket No. 33287, November 18, 1996


  35. ^ Railroad Retirement Board, Employer Status Determination: Indiana & Ohio Central Railroad, Inc., October 11, 2005


  36. ^ Railroad Retirement Board, Employer Status Determination: Marksman Corporation, December 18, 2000


  37. ^ STB Docket No. AB-856 (Sub-No. 1X), November 18, 2003


  38. ^ STB Finance Docket No. 33316, March 12, 1997


  39. ^ ab STB Finance Docket No. 33911, August 31, 2000


  40. ^ STB Finance Docket No. 33978, January 11, 2001


  41. ^ STB Finance Docket No. 33443, September 3, 1997


  42. ^ Railroad Retirement Board, Employer Status Determination: Saginaw Valley Railway Company, March 22, 2005


  43. ^ STB Finance Docket No. 34352, July 18, 2003


  44. ^ STB Finance Docket No. 34799, January 12, 2006


  45. ^ STB Finance Docket No. 34430, November 21, 2003


  46. ^ STB Finance Docket No. 33987, January 12, 2001


  47. ^ ab STB Finance Docket No. 34206, June 14, 2002


  48. ^ STB Finance Docket No. 34613, December 22, 2004




  • RailAmerica (September 9, 2005), RailAmerica Selected to Acquire Four Railroads from Alcoa; Additionally Announces Lease with CSX Transportation for the 48 Mile Fremont Branch. Retrieved September 13, 2005.

  • Yahoo Finance, RailAmerica Inc. (RRA). Retrieved September 13, 2005.



External links


  • Official site








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