Road and Rail
Company Overview of RailAmerica, Inc.
RailAmerica, Inc. engages in the ownership and operation of short line and regional freight railroads in North America. The company provides rail freight transportation and ancillary rail services for a range of products, such as farm and food products, lumber and forest products, paper and paper products, metals, chemicals, and coal. It also provides various non-freight services, including engineering services, railcar storage, demurrage, and equipment and real estate leases. It operates a portfolio of 43 individual railroads with approximately 7,400 miles of track in 27 states of the United States and 3 Canadian provinces. RailAmerica, Inc. was founded in 1985 and is headquartered in Jacks...
7411 Fullerton Street
Jacksonville, FL 32256
Founded in 1985
Key Executives for RailAmerica, Inc.
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Operations Officer and Senior Vice President
President of East Operations
Chief Administrative Officer and Senior Vice President
Compensation as of Fiscal Year 2014.
RailAmerica, Inc. Key Developments
Genesee & Wyoming Inc. Reduces the Size of the RailAmerica, Inc. Workforce by 14 Employees
Feb 7 13
In addition to the December Plan and the January Plan, on February 3, 2013, Genesee & Wyoming Inc. initiated a third integration and reorganization plan that reduced the size of the RailAmerica, Inc. workforce by 14 employees. The objective of the February Plan was to eliminate duplicative managerial and staff positions and minimize compensation expense. The February Plan costs included approximately $3.0 million in cash payments under existing employment, severance and other arrangements and approximately $0.9 million in stock-based compensation expense associated with the acceleration of previously issued equity awards. These costs and expenses will be recorded during the first quarter of 2013, in addition to other RailAmerica acquisition-related expenses.
RailAmerica, Inc. Reports Operating Results for the Month and Fourth Quarter Ended December 31, 2012
Jan 15 13
RailAmerica, Inc. reported operating results for the month and fourth quarter ended December 31, 2012. The company reported that its total freight carloads for the month ended December 31, 2012 were 67,562 down 4.7% from 70,889 in December 2011.
For the quarter, the company reported its total freight carloads of 214,272, up 1.1% from 211,848 in the fourth quarter of 2011.
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