RailAmerica (RA) Freight Carloads Up 3.7% in June; Metallic Ores, Coals Laggers

July 12, 2012 5:01 PM EDT
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RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended June 30, 2012 were 72,820, up 3.7% from 70,238 in June 2011.

The Company increased shipments in June 2012 in seven out of twelve commodity groups compared to June 2011. The largest increases were in Agricultural Products, Other and Motor Vehicles. Agricultural Products volumes were up primarily due to more shipments in the Central and West regions. Other increased primarily due to higher shipments in the Northeast region. Motor Vehicles were higher primarily due to increased carloads in the Midwest and Northeast regions.

The largest declines were in Metallic Ores and Metals and Coal. Metallic Ores and Metals were lower primarily due to reduced shipments in the Northeast region. Coal decreased primarily due to lower shipments in the Midwest, Central and Northeast regions.

June 2012 carloads include 1,855 carloads from acquisitions. On a "same railroad" basis, carloads increased 1.0%.

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