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.[ 10] [ 11]
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[ 12]
Notes
Alabama and Gulf Coast Railway
StatesRail[ 13]
January 2002
Arizona and California Railroad
ParkSierra[ 14]
January 2002
Bauxite and Northern Railway
Alcoa[ 15]
September 2005
California Northern Railroad
ParkSierra[ 14]
January 2002
Cape Breton and Central Nova Scotia Railway
RailTex[ 16]
February 2000
Carolina Piedmont Railroad
RailTex[ 17]
February 2000
Cascade and Columbia River Railroad
direct[ 18]
September 1996
Central Michigan Railway
direct
January 2004
Leased by Huron and Eastern Railway
Central Oregon and Pacific Railroad
RailTex[ 17]
February 2000
Central Railroad of Indiana
RailTex[ 17]
February 2000
Central Railroad of Indianapolis
RailTex[ 17]
February 2000
Also operates Winamac Southern Railway as agent
Chesapeake and Albemarle Railroad
RailTex[ 17]
February 2000
Chicago, Fort Wayne and Eastern Railroad
direct[ 19]
July 2004
Connecticut Southern Railroad
RailTex[ 17]
February 2000
Dallas, Garland and Northeastern Railroad
RailTex[ 17]
February 2000
Eastern Alabama Railway
StatesRail[ 20]
January 2002
Goderich-Exeter Railway
RailTex[ 16]
February 2000
Grand Rapids Eastern Railroad
RailTex[ 17]
February 2000
Huron and Eastern Railway
direct
March 1992
Indiana and Ohio Railway
RailTex[ 17]
February 2000
Indiana Southern Railroad
RailTex[ 17]
February 2000
Kiamichi Railroad
direct[ 21]
January 2002
Kyle Railroad
StatesRail[ 20]
January 2002
Lahaina, Kaanapali and Pacific Railroad
StatesRail[ 12]
January 2002
Marquette Rail
direct[ 22]
February 2012
Massena Terminal Railroad
Alcoa[ 15]
September 2005
Michigan Shore Railroad
RailTex[ 17]
February 2000
Mid-Michigan Railroad
RailTex[ 17]
February 2000
Missouri and Northern Arkansas Railroad
RailTex[ 17]
February 2000
New England Central Railroad
RailTex[ 17]
February 2000
North Carolina and Virginia Railroad
RailTex[ 17]
February 2000
Ottawa Valley Railway
RaiLink[ 12]
July 1999
Otter Tail Valley Railroad
direct[ 23]
October 1996
Point Comfort and Northern Railway
Alcoa[ 15]
September 2005
Puget Sound and Pacific Railroad
ParkSierra[ 14]
January 2002
Raillink Canada Limited
Direct
January 2002
Registered office in Montreal
Rockdale, Sandow and Southern Railroad
Alcoa[ 15]
September 2005
San Diego and Imperial Valley Railroad
RailTex[ 17]
February 2000
San Joaquin Valley Railroad
StatesRail[ 20]
January 2002
South Carolina Central Railroad
RailTex[ 17]
February 2000
Southern Ontario Railway
RaiLink[ 12]
July 1999
Texas Northeastern Railroad
RailTex[ 17]
February 2000
Toledo, Peoria and Western Railway
direct[ 24]
September 1999
Ventura County Railroad
direct[ 25]
August 1998
Virginia Southern Railroad
RailTex[ 17]
February 2000
A&R Line, Inc.
TP&W
September 1999
Leased by TP&W since 1997; owned by Cargill ; service ended in September 2002[ 26]
Arizona Eastern Railway
StatesRail[ 20]
January 2002
Sold December 2004 to Permian Basin Railways [ 12] [ 27] [ 28]
Central Western Railway
RaiLink[ 12]
July 1999
Sold January 2006[ 12]
Dakota Rail, Inc.
direct
September 1995
Sold December 2001 to Hennepin County Regional Railroad Authority [ 12] [ 29]
Delaware Valley Railway
direct
July 1994
Lease transferred March 1999 to Brandywine Valley Railroad [ 30]
E&N Railway
direct
January 1999
Sold June 2006 to Southern Railway of British Columbia
Evansville Terminal Company
direct[ 31]
June 1996
Sold September 1997 to John H. Marino[ 12] [ 32]
Ferronor
direct
February 1997
Leased Potrerillos Railway in January 2002;[ 33] sold February 2004[ 12]
Freight Australia
direct
April 1999
Sold August 2004 to Pacific National [ 12]
Georgia Southwestern Railroad
RailTex[ 17]
February 2000
Sold March 2002 to local interests[ 12] [ 34]
Gettysburg Railway
direct[ 35]
November 1996
Sold October 1997 to John H. Marino; included Gettysburg Scenic Rail Tours [ 12] [ 32]
Indiana and Ohio Central Railroad
RailTex[ 17]
February 2000
Merged May 2005 into Indiana and Ohio Railway [ 36]
J.K. Line, Inc.
TP&W
September 1999
Leased by TP&W since 1998; owned by Cargill ; service ended in April 2002[ 37] [ 38]
Lakeland and Waterways Railway
RaiLink[ 12]
July 1999
Sold January 2006[ 12]
Mackenzie Northern Railway
RaiLink[ 12]
July 1999
Sold January 2006[ 12]
Minnesota Northern Railroad
direct[ 39]
December 1996
Sold August 2000 to KBN, Inc. [ 12] [ 40]
Ontario L'Orignal Railway
RailTex[ 16]
February 2000
Sold December 2000[ 12]
Pittsburgh Industrial Railroad
RailTex[ 17]
February 2000
Sold December 2000 to Summit View, Inc. [ 12] [ 41]
Plainview Terminal Company
direct
November 1995
St. Croix Valley Railroad
direct[ 42]
September 1997
Sold August 2000 to KBN, Inc. [ 12] [ 40]
Saginaw Valley Railway
direct
March 1992
Merged September 2004 into Huron and Eastern Railway [ 43]
San Luis and Rio Grande Railroad
direct[ 44]
June 2003
Sold December 2005 to Permian Basin Railways [ 12] [ 27] [ 45]
San Pedro and Southwestern Railway
StatesRail[ 20]
January 2002
Sold October 2003 to Arizona Railroad Group [ 12] [ 46]
South Central Tennessee Railroad
direct
February 1994
Sold December 2000 to Henry G. Hohorst et al.[ 12] [ 47]
Texas-New Mexico Railroad
RailTex[ 17]
February 2000
Sold May 2002 to Permian Basin Railways [ 12] [ 27] [ 48]
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[ 12] [ 27] [ 48] [ 49]
References
^ RailAmerica (December 31, 2009). "Form 10-K: Commission file number 001-32579" . United States Securities and Exchange Commission.
^ "Fortress Completes Acquisition of RailAmerica, Inc" . RailAmerica. February 14, 2007. Archived from the original on February 13, 2012. Retrieved October 31, 2007 . Alt URL
^ "RailAmerica buys rail construction company" . Trains Magazine . July 1, 2010. Retrieved July 5, 2010 .
^ "RailAmerica to Acquire Gulf and Ohio's Three Alabama Short Lines" . Progressive Railroading. April 11, 2011.
^ "Genesee & Wyoming to pay $1.39B for RailAmerica" . Yahoo! Finance . Greenwich, Conn. Associated Press. July 23, 2012. Retrieved September 22, 2023 .
^ "UPDATE 4-Genesee & Wyoming to buy RailAmerica for $1.4 billion" . Reuters . July 23, 2012. Archived from the original on March 5, 2016. Retrieved July 23, 2012 .
^ Surface Transportation Board, Decision, Case No. 42772 Archived 2013-04-29 at the Wayback Machine , December 19, 2012
^ "Rail America sale completed - Railway Gazette" . Railway Gazette International . Retrieved 4 October 2012 .
^ "Michigan's Railroad History 1825 - 2014" (PDF) . Michigan Department of Transportation . 2014-10-13. Retrieved 2024-04-29 .
^ "RailAmerica acquisition skewed Genesee & Wyoming's 4Q financial results" . Progressive Railroading . February 13, 2013. Retrieved 19 March 2015 .
^ Bowen, Douglas John (2 May 2013). "GWI marks 1Q earnings, new headquarters" . Railway Age . Simmons-Boardman Publishing Corporation. Retrieved 2 April 2015 .
^ a b c d e f g h i j k l m n o p q r s t u v w x y z 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
^ STB Finance Docket No. 34128 Archived 2012-02-24 at the Wayback Machine , December 28, 2001
^ a b c STB Finance Docket No. 34197 Archived 2012-02-24 at the Wayback Machine , May 23, 2002
^ a b c d STB Finance Docket No. 34758 Archived 2012-02-24 at the Wayback Machine , October 19, 2005
^ a b c Securities and Exchange Commission , Form 8-K: RailTex, Inc. , November 8, 1999
^ a b c d e f g h i j k l m n o p q r s t u v w STB Finance Docket No. 33813 Archived 2012-02-24 at the Wayback Machine , November 16, 1999
^ STB Finance Docket No. 33048, September 13, 1996
^ STB Finance Docket No. 34508 Archived 2012-02-24 at the Wayback Machine , July 30, 2004
^ a b c d e STB Finance Docket No. 34129 Archived 2012-02-24 at the Wayback Machine , December 28, 2001
^ STB Finance Docket No. 34130 Archived 2012-02-24 at the Wayback Machine , January 30, 2002
^ "RailAmerica acquires Marquette Rail" . Rail-USA. 8 February 2012. Archived from the original on 24 December 2015. Retrieved 15 February 2012 .
^ STB Finance Docket No. 33138, October 25, 1996
^ STB Finance Docket No. 33777 Archived 2012-02-24 at the Wayback Machine , September 17, 1999
^ STB Finance Docket No. 33650 Archived 2012-02-24 at the Wayback Machine , September 24, 1998
^ STB Docket No. AB-855 (Sub-No. 1X) Archived 2012-02-24 at the Wayback Machine , September 29, 2003
^ a b c d Permian Basin Railways Archived 2014-10-30 at the Wayback Machine , accessed December 2008
^ STB Finance Docket No. 34614 Archived 2012-02-24 at the Wayback Machine , December 22, 2004
^ STB Docket No. AB-472 (Sub-No. 1X) Archived 2012-02-24 at the Wayback Machine , December 27, 2001
^ STB Finance Docket No. 33722 Archived 2012-02-24 at the Wayback Machine , April 16, 1999
^ STB Finance Docket No. 32990, July 17, 1996
^ a b STB Finance Docket No. 33505 Archived 2012-02-24 at the Wayback Machine , November 21, 1997
^ RailAmerica: History , accessed December 2008
^ History of the GSWR , accessed December 2008
^ STB Finance Docket No. 33287 Archived 2012-02-24 at the Wayback Machine , November 18, 1996
^ Railroad Retirement Board , Employer Status Determination: Indiana & Ohio Central Railroad, Inc. Archived 2012-09-16 at the Wayback Machine , October 11, 2005
^ Railroad Retirement Board , Employer Status Determination: Marksman Corporation Archived 2012-09-16 at the Wayback Machine , December 18, 2000
^ STB Docket No. AB-856 (Sub-No. 1X) Archived 2012-02-24 at the Wayback Machine , November 18, 2003
^ STB Finance Docket No. 33316 Archived 2012-02-24 at the Wayback Machine , March 12, 1997
^ a b STB Finance Docket No. 33911 Archived 2012-02-24 at the Wayback Machine , August 31, 2000
^ STB Finance Docket No. 33978 , January 11, 2001
^ STB Finance Docket No. 33443 Archived 2012-02-24 at the Wayback Machine , September 3, 1997
^ Railroad Retirement Board , Employer Status Determination: Saginaw Valley Railway Company Archived 2012-09-16 at the Wayback Machine , March 22, 2005
^ STB Finance Docket No. 34352 Archived 2012-02-24 at the Wayback Machine , July 18, 2003
^ STB Finance Docket No. 34799 Archived 2012-02-24 at the Wayback Machine , January 12, 2006
^ STB Finance Docket No. 34430 Archived 2012-02-24 at the Wayback Machine , November 21, 2003
^ STB Finance Docket No. 33987 Archived 2012-02-24 at the Wayback Machine , January 12, 2001
^ a b STB Finance Docket No. 34206 Archived 2012-02-24 at the Wayback Machine , June 14, 2002
^ STB Finance Docket No. 34613 Archived 2012-02-24 at the Wayback Machine , December 22, 2004
External links
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