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. Alt URL 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.
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.
On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion. Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012.Surface Transportation Board, Decision, Case No. 42772 , December 19, 2012 While awaiting the decision, Genesee & Wyoming put RailAmerica control in the hands of a trust. They assumed control on December 28, 2012, and the company was in the process of integration to G&W.
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.
CompanyAcquired fromDateSecurities and Exchange Commission, Form 10-K: RailAmerica, Inc., for the fiscal year ended December 31, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005NotesAlabama and Gulf Coast RailwayStatesRailSTB Finance Docket No. 34128 , December 28, 2001Arizona and California RailroadParkSierraSTB Finance Docket No. 34197 , May 23, 2002Bauxite and Northern RailwayAlcoaCalifornia Northern RailroadParkSierraCape Breton and Central Nova Scotia RailwayRailTexSecurities and Exchange Commission, Form 8-K: RailTex, Inc., November 8, 1999Carolina Piedmont RailroadRailTexCascade and Columbia River RailroaddirectSTB Finance Docket No. 33048, September 13, 1996Central Michigan RailwaydirectLeased by Huron and Eastern RailwayCentral Oregon and Pacific RailroadRailTexCentral Railroad of IndianaRailTexCentral Railroad of IndianapolisRailTexAlso operates Winamac Southern Railway as agentChesapeake and Albemarle RailroadRailTexChicago, Fort Wayne and Eastern RailroaddirectSTB Finance Docket No. 34508 , July 30, 2004Connecticut Southern RailroadRailTexDallas, Garland and Northeastern RailroadRailTexEastern Alabama RailwayStatesRailGoderich-Exeter RailwayRailTexGrand Rapids Eastern RailroadRailTexHuron and Eastern RailwaydirectIndiana and Ohio RailwayRailTexIndiana Southern RailroadRailTexKiamichi RailroaddirectSTB Finance Docket No. 34130 , January 30, 2002Kyle RailroadStatesRailLahaina, Kaanapali and Pacific RailroadStatesRailMarquette RaildirectMassena Terminal RailroadAlcoaMichigan Shore RailroadRailTexMid-Michigan RailroadRailTexMissouri and Northern Arkansas RailroadRailTexNew England Central RailroadRailTexNorth Carolina and Virginia RailroadRailTexOttawa Valley RailwayRaiLinkOtter Tail Valley RailroaddirectSTB Finance Docket No. 33138, October 25, 1996Point Comfort and Northern RailwayAlcoaSTB Finance Docket No. 34758 , October 19, 2005Puget Sound and Pacific RailroadParkSierraRaillink Canada Limited Direct Registered office in MontrealRockdale, Sandow and Southern RailroadAlcoaSan Diego and Imperial Valley RailroadRailTexSan Joaquin Valley RailroadStatesRailSouth Carolina Central RailroadRailTexSouthern Ontario RailwayRaiLinkTexas Northeastern RailroadRailTexToledo, Peoria and Western RailwaydirectSTB Finance Docket No. 33777 , September 17, 1999Ventura County RailroaddirectSTB Finance Docket No. 33650 , September 24, 1998Virginia Southern RailroadRailTexA&R Line, Inc.TP&WLeased by TP&W since 1997; owned by Cargill; service ended in September 2002STB Docket No. AB-855 (Sub-No. 1X) , September 29, 2003Arizona Eastern RailwayStatesRailSTB Finance Docket No. 34129 , December 28, 2001Sold December 2004 to Permian Basin RailwaysSTB Finance Docket No. 34614 , December 22, 2004Central Western RailwayRaiLinkSold January 2006Dakota Rail, Inc.directSold December 2001 to Hennepin County Regional Railroad AuthoritySTB Docket No. AB-472 (Sub-No. 1X) , December 27, 2001Delaware Valley RailwaydirectLease transferred March 1999 to Brandywine Valley RailroadSTB Finance Docket No. 33722 , April 16, 1999E&N RailwaydirectSold June 2006 to Southern Railway of British ColumbiaEvansville Terminal CompanydirectSTB Finance Docket No. 32990, July 17, 1996Sold September 1997 to John H. MarinoSTB Finance Docket No. 33505 , November 21, 1997FerronordirectLeased Potrerillos Railway in January 2002;RailAmerica: History , accessed December 2008 sold February 2004Freight AustraliadirectSold August 2004 to Pacific NationalGeorgia Southwestern RailroadRailTexSold March 2002 to local interestsHistory of the GSWR , accessed December 2008Gettysburg RailwaydirectSTB Finance Docket No. 33287 , November 18, 1996Sold October 1997 to John H. Marino; included Gettysburg Scenic Rail ToursIndiana and Ohio Central RailroadRailTexMerged May 2005 into Indiana and Ohio RailwayRailroad Retirement Board, Employer Status Determination: Indiana & Ohio Central Railroad, Inc. , October 11, 2005J.K. Line, Inc.TP&WLeased by TP&W since 1998; owned by Cargill; service ended in April 2002Railroad Retirement Board, Employer Status Determination: Marksman Corporation , December 18, 2000STB Docket No. AB-856 (Sub-No. 1X) , November 18, 2003Lakeland and Waterways RailwayRaiLinkSold January 2006Mackenzie Northern RailwayRaiLinkSold January 2006Minnesota Northern RailroaddirectSTB Finance Docket No. 33316 , March 12, 1997Sold August 2000 to KBN, Inc.STB Finance Docket No. 33911 , August 31, 2000Ontario L'Orignal RailwayRailTexSold December 2000Pittsburgh Industrial RailroadRailTexSold December 2000 to Summit View, Inc., January 11, 2001Plainview Terminal CompanydirectSt. Croix Valley RailroaddirectSTB Finance Docket No. 33443 , September 3, 1997Sold August 2000 to KBN, Inc.Saginaw Valley RailwaydirectMerged September 2004 into Huron and Eastern RailwayRailroad Retirement Board, Employer Status Determination: Saginaw Valley Railway Company , March 22, 2005San Luis and Rio Grande RailroaddirectSTB Finance Docket No. 34352 , July 18, 2003Sold December 2005 to Permian Basin RailwaysSTB Finance Docket No. 34799 , January 12, 2006San Pedro and Southwestern RailwayStatesRailSold October 2003 to Arizona Railroad GroupSTB Finance Docket No. 34430 , November 21, 2003South Central Tennessee RailroaddirectSold December 2000 to Henry G. Hohorst et al.STB Finance Docket No. 33987 , January 12, 2001Texas-New Mexico RailroadRailTexSTB Finance Docket No. 33813 , November 16, 1999Sold May 2002 to Permian Basin RailwaysPermian Basin Railways , accessed December 2008STB Finance Docket No. 34206 , June 14, 2002West Texas and Lubbock RailroaddirectLeased May 2002 to Permian Basin Railways subsidiary West Texas and Lubbock Railway; sold December 2004 to Permian Basin RailwaysSTB Finance Docket No. 34613 , December 22, 2004
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