RailAmerica explained

RailAmerica, Inc.
Type:	Private
Foundation:	1986
Fate:	Acquired by Genesee & Wyoming in 2012
Successor:	Genesee & Wyoming Inc.
Location City:	Jacksonville, Florida
Location Country:	United States
Industry:	Rail transport
Services:	Short line and regional railroads
Revenue:	US$410.6 million (2009)^[1]

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,^[9] and the company was in the process of integration to G&W.<ref>News: RailAmerica acquisition skewed Genesee & Wyoming's 4Q financial results. Progressive Railroading. 19 March 2015. February 13, 2013. . ^[10]

Former subsidiaries

RailAmerica controlled the following railroads. It 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 Gary O. Marino and John H. Marino in 1986.

Company	Acquired from	Date^[11]	Notes
Alabama and Gulf Coast Railway	StatesRail^[12]
Arizona and California Railroad	ParkSierra^[13]
Bauxite and Northern Railway	Alcoa
California Northern Railroad	ParkSierra
Cape Breton and Central Nova Scotia Railway	RailTex^[14]
Carolina Piedmont Railroad	RailTex
Cascade and Columbia River Railroad	direct^[15]
Central Michigan Railway	direct		Leased by Huron and Eastern Railway
Central Oregon and Pacific Railroad	RailTex
Central Railroad of Indiana	RailTex
Central Railroad of Indianapolis	RailTex		Also operates Winamac Southern Railway as agent
Chesapeake and Albemarle Railroad	RailTex
Chicago, Fort Wayne and Eastern Railroad	direct^[16]
Connecticut Southern Railroad	RailTex
Dallas, Garland and Northeastern Railroad	RailTex
Eastern Alabama Railway	StatesRail
Goderich-Exeter Railway	RailTex
Grand Rapids Eastern Railroad	RailTex
Huron and Eastern Railway	direct
Indiana and Ohio Railway	RailTex
Indiana Southern Railroad	RailTex
Kiamichi Railroad	direct^[17]
Kyle Railroad	StatesRail
Lahaina, Kaanapali and Pacific Railroad	StatesRail
Marquette Rail	direct^[18]
Massena Terminal Railroad	Alcoa
Michigan Shore Railroad	RailTex
Mid-Michigan Railroad	RailTex
Missouri and Northern Arkansas Railroad	RailTex
New England Central Railroad	RailTex
North Carolina and Virginia Railroad	RailTex
Ottawa Valley Railway	RaiLink
Otter Tail Valley Railroad	direct^[19]
Point Comfort and Northern Railway	Alcoa^[20]
Puget Sound and Pacific Railroad	ParkSierra
Raillink Canada Limited	Direct		Registered office in Montreal
Rockdale, Sandow and Southern Railroad	Alcoa
San Diego and Imperial Valley Railroad	RailTex
San Joaquin Valley Railroad	StatesRail
South Carolina Central Railroad	RailTex
Southern Ontario Railway	RaiLink
Texas Northeastern Railroad	RailTex
Toledo, Peoria and Western Railway	direct^[21]
Ventura County Railroad	direct^[22]
Virginia Southern Railroad	RailTex
A&R Line, Inc.	TP&W		Leased by TP&W since 1997; owned by Cargill; service ended in September 2002^[23]
Arizona Eastern Railway	StatesRail^[24]		Sold December 2004 to Permian Basin Railways^[25]
Central Western Railway	RaiLink		Sold January 2006
Dakota Rail, Inc.	direct		Sold December 2001 to Hennepin County Regional Railroad Authority^[26]
Delaware Valley Railway	direct		Lease transferred March 1999 to Brandywine Valley Railroad^[27]
E&N Railway	direct		Sold June 2006 to Southern Railway of British Columbia
Evansville Terminal Company	direct^[28]		Sold September 1997 to John H. Marino^[29]
Ferronor	direct		Leased Potrerillos Railway in January 2002;^[30] sold February 2004
Freight Australia	direct		Sold August 2004 to Pacific National
Georgia Southwestern Railroad	RailTex		Sold March 2002 to local interests^[31]
Gettysburg Railway	direct^[32]		Sold October 1997 to John H. Marino; included Gettysburg Scenic Rail Tours
Indiana and Ohio Central Railroad	RailTex		Merged May 2005 into Indiana and Ohio Railway^[33]
J.K. Line, Inc.	TP&W		Leased by TP&W since 1998; owned by Cargill; service ended in April 2002^[34] ^[35]
Lakeland and Waterways Railway	RaiLink		Sold January 2006
Mackenzie Northern Railway	RaiLink		Sold January 2006
Minnesota Northern Railroad	direct^[36]		Sold August 2000 to KBN, Inc.^[37]
Ontario L'Orignal Railway	RailTex		Sold December 2000
Pittsburgh Industrial Railroad	RailTex		Sold December 2000 to Summit View, Inc.^[38]
Plainview Terminal Company	direct
St. Croix Valley Railroad	direct^[39]		Sold August 2000 to KBN, Inc.
Saginaw Valley Railway	direct		Merged September 2004 into Huron and Eastern Railway^[40]
San Luis and Rio Grande Railroad	direct^[41]		Sold December 2005 to Permian Basin Railways^[42]
San Pedro and Southwestern Railway	StatesRail		Sold October 2003 to Arizona Railroad Group^[43]
South Central Tennessee Railroad	direct		Sold December 2000 to Henry G. Hohorst et al.^[44]
Texas-New Mexico Railroad	RailTex^[45]		Sold May 2002 to Permian Basin Railways^[46] ^[47]
West Texas and Lubbock Railroad	direct		Leased May 2002 to Permian Basin Railways subsidiary West Texas and Lubbock Railway; sold December 2004 to Permian Basin Railways^[48]

References

• 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

Notes and References

1. Web site: RailAmerica. Form 10-K: Commission file number 001-32579. United States Securities and Exchange Commission. December 31, 2009.
2. Web site: Fortress Completes Acquisition of RailAmerica, Inc.. February 14, 2007. RailAmerica. October 31, 2007. https://web.archive.org/web/20120213003252/http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=RRA&script=410&layout=-6&item_id=963386 . February 13, 2012 . Alt URL
3. RailAmerica buys rail construction company. Trains Magazine. July 1, 2010. July 5, 2010.
4. Web site: RailAmerica to Acquire Gulf and Ohio's Three Alabama Short Lines. Progressive Railroading. April 11, 2011.
5. News: Genesee & Wyoming to pay $1.39B for RailAmerica. Associated Press . Greenwich, Conn.. July 23, 2012. September 22, 2023. . .
6. News: UPDATE 4-Genesee & Wyoming to buy RailAmerica for $1.4 billion. Reuters. July 23, 2012. July 23, 2012.
7. Surface Transportation Board, Decision, Case No. 42772, December 19, 2012
8. News: Rail America sale completed - Railway Gazette. 4 October 2012. Railway Gazette International.
9. Web site: 2014-10-13 . Michigan's Railroad History 1825 - 2014 . 2024-04-29 . Michigan Department of Transportation.
10. News: Bowen. Douglas John. GWI marks 1Q earnings, new headquarters. 2 April 2015. Railway Age. Simmons-Boardman Publishing Corporation. 2 May 2013.
11. [Securities and Exchange Commission]
12. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/A775537A4D255C3D85256B280053A524?OpenDocument STB Finance Docket No. 34128
13. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/BC478EEA87C7FC7F85256BBB00788E7C?OpenDocument STB Finance Docket No. 34197
14. [Securities and Exchange Commission]
15. STB Finance Docket No. 33048, September 13, 1996
16. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/AFF54B01A8E98C7A85256EDD00586A9E?OpenDocument STB Finance Docket No. 34508
17. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/E970C1A55238501285256B430079190F?OpenDocument STB Finance Docket No. 34130
18. Web site: RailAmerica acquires Marquette Rail. Rail-USA. 15 February 2012. https://web.archive.org/web/20151224004436/http://www.rail-usa.com/2012/02/08/railamerica-acquires-marquette-rail/. 24 December 2015. dead. 8 February 2012.
19. STB Finance Docket No. 33138, October 25, 1996
20. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/727BAEEEB3F1324585257097006BC998?OpenDocument STB Finance Docket No. 34758
21. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/01929D8B640D1823852567E8006EED6C?OpenDocument STB Finance Docket No. 33777
22. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/799B5ED8F1EE2FF185256681004D8240?OpenDocument STB Finance Docket No. 33650
23. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/94A1D8590A9421EB85256DAC005B71D5?OpenDocument STB Docket No. AB-855 (Sub-No. 1X)
24. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/FDC6E21B45F6DF0585256B280053A54F?OpenDocument STB Finance Docket No. 34129
25. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/BB66CBF6DEE44FB185256F6C004A0D83?OpenDocument STB Finance Docket No. 34614
26. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/0C13162629AD448285256B2F00639B37?OpenDocument STB Docket No. AB-472 (Sub-No. 1X)
27. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/C38EB75075B11CC0852567520071B016?OpenDocument STB Finance Docket No. 33722
28. STB Finance Docket No. 32990, July 17, 1996
29. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/BE44B8F0D8D181D1852565520059E9D9?OpenDocument STB Finance Docket No. 33505
30. http://www.railamerica.com/history.htm RailAmerica: History
31. http://www.gswrr.com/history.html History of the GSWR
32. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/5AE3E991026A26D68525654800782605?OpenDocument STB Finance Docket No. 33287
33. [Railroad Retirement Board]
34. [Railroad Retirement Board]
35. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/E4D5D5755412A51C85256DDA00764F9E?OpenDocument STB Docket No. AB-856 (Sub-No. 1X)
36. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/54BF0A98806C445885256541006FB4D6?OpenDocument STB Finance Docket No. 33316
37. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/9AAA824C9BB8FBCE852569450058A459?OpenDocument STB Finance Docket No. 33911
38. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/413B21DB4CEF8187852569CA0068F6BD?OpenDocument STB Finance Docket No. 33978
39. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/CB5320FAC50275A085256541007122A5?OpenDocument STB Finance Docket No. 33443
40. [Railroad Retirement Board]
41. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/DC8493C91C2D272985256D6000710205?OpenDocument STB Finance Docket No. 34352
42. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/15A3B1EE9AD1417C852570ED006D4DDC?OpenDocument STB Finance Docket No. 34799
43. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/83BEB52074B88C9485256DDE007C37B8?OpenDocument STB Finance Docket No. 34430
44. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/F551379EA09C707A852569CB0054002B?OpenDocument STB Finance Docket No. 33987
45. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/B0E0674DE58361528525682400696DB8?OpenDocument STB Finance Docket No. 33813
46. http://www.permianbasinrailways.com/ Permian Basin Railways
47. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/B9546BF7E1A0B36185256BD1006A61D1?OpenDocument STB Finance Docket No. 34206
48. http://www.stb.dot.gov/Decisions/readingroom.nsf/WEBUNID/B515CDCB70351C1085256F6D00594BCD?OpenDocument STB Finance Docket No. 34613