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First publish date: 05-12-2006
RailAmerica Reports Carloading Decrease in April
RailAmerica, Inc. reported its freight carloads for the month ended April 30, 2006.
Total carloads for April 2006 were 104,651, down 6.6% from 111,993 in April 2005. The acquisition of the Alcoa railroads and the Fremont line in Michigan net of the impact of the sale of the San Luis and Rio Grande Railroad and the three Alberta properties accounted for a decrease of 1,550 of the carloads. On a "same railroad" basis, April 2006 carloads decreased 5.4% to 101,654, from 107,446 in April 2005. Eleven out of fourteen commodity groups had decreased shipments in April 2006. The 5,792 carload decrease was driven primarily by lower shipments of Metals, Paper Products and Chemicals.
For the four months ended April 30, 2006, total carloads decreased 2.1% to 432,644 from 441,871 in 2005. On a "same railroad" basis for the same period, carloads were 417,867 down 1.2% from 423,035 in 2005. "Same railroad" totals exclude carloads associated with railroads, or portions of railroads, sold or acquired by the Company after January 1, 2005.
Historically, the Company has found that carload information may be indicative of freight revenue on its railroads, but may not be indicative of total revenue, operating expenses, operating income or net income. Attached is a comparison of North America carloads by commodity group for the periods ended April 30, 2006 and 2005.