ARCHIVE

Coal shipments help fuel RailAmerica

SHORT-line and regional transporter RailAmerica has continued its trend of incremental year-on-ye...

Donna Schmidt

This article is 12 years old. Images might not display.

The Florida-based group said September’s total of 67,111 was 2.4% higher than the same period in 2011, and that shipments jumped in seven of the 12 commodity group’s services.

In addition to agricultural products and crude oil, coal was a significant performer for RailAmerica.

It rose 6.1% last month to 37,495 from 25,335 in September 2011.

“Coal volumes increased primarily due to greater shipment volumes in the central region,” officials said.

One of the largest marked declines was in metallic ores and metals, which the company said was due to reduced metals shipments in the northeast.

The company’s September carloads included 1323 from acquisitions.

Year-on-year, freight carloads were up 2.9% in August and 5.4% in July. June marked a 3.7% rise versus the same 2011 period.

RailAmerica operates a portfolio of 45 individual railroads with about 7500 track miles in 28 US states and three Canadian provinces.

The company was acquired by Genesee and Wyoming on October 1. At the same time, it deregistered its common stock and delisted from the New York Stock Exchange.

Until the details of that takeover are finalized in the final quarter of 2012 or first quarter of 2013, RailAmerica said it will continue to report its carload totals independently.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets