JACKSONVILLE, Fla., Nov. 11 /PRNewswire-FirstCall/ -- RailAmerica, Inc. (NYSE: RA) today reported its freight carloads for the month ended October 31, 2009. Total carloads for October 2009 were 70,159, down 19.9% from 87,610 in October 2008. In the second quarter of 2009, the Company restructured a customer contract, which resulted in the Company recording the revenue derived from that contract as non-freight revenue instead of freight revenue and carloads. Excluding the effect of this contract, carloads were down approximately 15% for October 2009 compared to October 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091111/FL09693LOGO )
The Company had decreased shipments in October 2009 in nine out of twelve commodity groups compared to October 2008. Most of the decline was due to market conditions in the industrial products segment of the economy, lower housing starts and changes to a customer contract, as mentioned above. Economic impacts on industrial production accounted for much of the volume decrease of 6,637 carloads in four commodity segments - Waste & Scrap Materials; Chemicals; Pulp, Paper & Allied Products; and Metallic Ores & Metals. Reduced housing starts contributed to the 4,041 fewer carloads in the Non-Metallic Minerals and Products and Forest Products commodity groups. The impact of the restructured customer contract is reflected in the Other commodity group. Food or Kindred Products were impacted by the late corn harvest in the Midwest and fewer movements of livestock feed.
Three commodity segments showed year-over-year growth for October 2009 when compared to October 2008. Motor Vehicle volumes were up over 100% due to a new production facility that did not exist in 2008 and increased shipments in the Midwest. Coal movements were relatively flat when compared to last year, but reflect a small increase of Powder River Basin coal shipments. Petroleum volumes reflect increased LPG shipments.
RailAmerica, Inc. is the largest owner and operator of short line and regional freight railroads in North America, measured in terms of total track-miles, operating a portfolio of 40 individual railroads with approximately 7,500 miles of track in 27 U.S. states and three Canadian provinces.
Cautionary Note Regarding Forward-Looking Statements
Certain items in this press release and other information we provide from time to time may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to future events and financial performance. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements. RailAmerica, Inc. can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. Factors that could have a material adverse effect on our operations and future prospects or that could cause actual results to differ materially from RailAmerica, Inc.'s expectations include, but are not limited to, prolonged capital markets disruption and volatility, general economic conditions and business conditions, our relationships with Class I railroads and other connecting carriers, our ability to obtain railcars and locomotives from other providers on which we are currently dependent, legislative and regulatory developments including rulings by the Surface Transportation Board or the Railroad Retirement Board, strikes or work stoppages by our employees, our transportation of hazardous materials by rail, rising fuel costs, acquisition risks, competitive pressures within the industry, risks related to the geographic markets in which we operate; and other risks detailed in RailAmerica, Inc.'s filings with the Securities and Exchange Commission, including our prospectus filed with the Commission on October 13, 2009. In addition, new risks and uncertainties emerge from time to time, and it is not possible for RailAmerica, Inc. to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. RailAmerica, Inc. expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
RailAmerica, Inc.
Carload Comparisons by Commodity Group
Month Ended October 31, 2009 and 2008
OCTOBER
-------------------------------
Commodity Group 2009 2008 % Chg
-------------- ------ ------ -----
Coal 14,054 13,651 3.0%
Agricultural Products 12,141 13,908 -12.7%
Chemicals 7,143 8,461 -15.6%
Non-Metallic Minerals & Products 5,909 7,949 -25.7%
Pulp, Paper & Allied Products 5,305 6,789 -21.9%
Waste & Scrap Materials 4,964 5,981 -17.0%
Food or Kindred Products 4,632 5,200 -10.9%
Metallic Ores & Metals 3,996 6,814 -41.4%
Forest Products 3,980 5,981 -33.5%
Petroleum 3,443 3,401 1.2%
Other 2,544 8,458 -69.9%
Motor Vehicles 2,048 1,017 101.4%
------ ------ -----
TOTAL 70,159 87,610 -19.9%
SOURCE RailAmerica, Inc.
HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that David Little, Chairman and CEO of DXP and Mac McConnell, Senior Vice President and Chief Financial Officer of DXP, will present at the Stephens Inc. Fall Investment Conference. The conference will be held November 17 & 18, 2009 at The New York Palace Hotel in New York City. DXP is scheduled to present on November 17, 2009 at 2:00 p.m. and will be available for one-on-one meetings following their presentation.
The presentation will be webcast and will be available at http://www.wsw.com/webcast/stph13/dxpe/ and at www.dxpe.com for approximately 90 days.
DXP's innovative pumping solutions provide engineering, fabrication and technical design to meet the capital equipment needs of its global customer base. DXP provides solutions by utilizing manufacturer authorized equipment and certified personnel. Pump packages require MRO and OEM equipment such as pumps, motors and valves, and consumable products. DXP leverages its MROP inventories and technical knowledge to lower the total cost and maintain the quality of the pump package.
Precision Supply Chain Services, a DXP integrated supply and category management program, provides a more efficient way to manage the customer's supply chain needs for indirect products. Our programs allow the customer to transfer all or part of its supply chain needs to DXP, so the customer can focus on its core business. By outsourcing purchasing, accounting, and on-site supply management to DXP, our customers effectively lower their supply chain costs and eliminate redundancies in the supply chain. DXP's broad range of first-tier products provides an efficient measurable solution to reduce cost and streamline procurement and sourcing operations.
The Private Securities Litigation Reform Act of 1995 provides a "safe-harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company's filings with the Securities and Exchange Commission.
Source: DXP Enterprises, Inc.
COPPELL, Texas, Nov. 11 /PRNewswire-FirstCall/ -- Craftmade International, Inc. (Nasdaq: CRFT) will host its fiscal first quarter 2010 earnings results conference call on Thursday, November 12, 2009 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time.) The call will be hosted by J. Marcus Scrudder, Chief Executive Officer; Brad Heimann, President and Chief Operating Officer; and C. Brett Burford, Chief Financial Officer. The related earnings release will be issued after the market closes on Wednesday, November 11, 2009.
Interested participants should dial 800-860-2442 a few minutes before the start time. Please refer to the Craftmade International event.
A webcast of the conference call can also be accessed by visiting the company's Web site at www.craftmade.com. Additionally, a replay of the earnings conference call will be available two hours after the completion of the call through November 18, 2009 at 9:00 a.m. Eastern Time. To access the replay, interested parties should dial 877-344-7529 and reference conference number 435694. Participants will be required to state their name and company affiliation prior to entering the call.
Founded in 1985, Craftmade International, Inc. is engaged in the design, manufacturing, distribution and marketing of a broad range of home decor products, including proprietary ceiling fans, lighting products and outdoor furniture. The Company distributes its premium products through a network of independent showrooms and mass retail customers through its headquarters and distribution facility in Coppell, Texas and manufacturing plant in Owosso, Michigan. More information about Craftmade International, Inc. can be found at www.craftmade.com.
Certain statements in this News Release constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Craftmade International, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors are discussed in more detail in the company's Form 10-K filing with the Securities and Exchange Commission.
SOURCE Craftmade International, Inc.
LOS ANGELES, Nov. 11 /PRNewswire/ -- It happens in a flash, and can feel very surreal. The wailing siren, red and blue lights flashing behind the car, and a stern officer asking for your license and registration. Your heart races while you feel confused and angry, and as the cop drives away you realize you now have to deal with either paying expensive fines, attending traffic school, or fighting a traffic ticket. If you received a speeding ticket or traffic ticket, it's important to know that there are ways to successfully fight the traffic ticket - but how?
The best way to fight a speeding ticket or traffic ticket is with a top traffic attorney on your side. Traffic lawyers know how to get even the toughest traffic tickets dismissed. When a traffic ticket is dismissed it will not go on the driver's driving record, and also will not make the driver's insurance rates increase, saving hundreds or thousands of dollars along with precious time and energy. Some drivers who have received a speeding ticket or red light ticket try to fight the ticket themselves. However, unless the driver is very familiar with California traffic laws and the way that traffic courts work, they will be at a severe disadvantage. A traffic attorney is thoroughly versed with every traffic law, past cases, and traffic court rules, which dramatically increases their chance of getting the traffic ticket dismissed for their clients.
Drivers looking for a qualified traffic lawyer need look no further than Mr. Ticket, California's number one traffic attorney group. Mr. Ticket specializes in getting speeding tickets, red light tickets, radar tickets, high speed violations, closed cases, cell phone tickets and basic traffic tickets dismissed off the driver's record. Their team of top notch traffic attorneys have the highest traffic ticket dismissal success rate in California, and even offer clients a free traffic ticket consultation. The complimentary traffic consultation can be filled out online (www.4MrTicket.com) for speed and convenience.
Mr. Ticket's team of talented traffic lawyers will help the traffic ticket dismissal process run smoothly and easily for their clients. With Mr. Ticket, drivers can kiss their speeding tickets and red light tickets goodbye, and say hello to a fresh start and a clean driving record.
SOURCE Mr. Ticket
NEW YORK, Nov. 11 /PRNewswire/ -- On Veterans Day, Kristen Dalton, Miss USA 2009, visited the historic Intrepid Sea, Air & Space Museum where she announced that she has been called to duty by the USO and will spend the Thanksgiving holiday by giving back to military men, women and their families at Fort Drum Installation Base, home of the 10th Light Infantry Division. The mission of the 10th Mountain Division is to train and make ready for deployment of almost 80,000 army troops annually.
(Photo: http://www.newscom.com/cgi-bin/prnh/20091111/NY09009 )
With over 30,000 military men, women, staff members and their families who are based in this New York State camp, Kristen will serve up holiday meals, visit with enlisted soldiers and their families as well as host a movie night.
"I can't think of anything I want to do more this Thanksgiving than visit our troops. These men and women have given so much for this country and I am honored to be spending this very special holiday with them," said Kristen Dalton. "I urge all Americans to find a way to volunteer and give back in their honor."
ServiceNation, the groundbreaking nationwide campaign to advance service and volunteerism also announced today that Miss USA will be an Ambassador for their organization. Miss USA will travel the nation encouraging Americans to volunteer and champion service as a core element of citizenship. To find out how you can serve, visit www.servicenation.org.
ABOUT MISS USA:
The MISS UNIVERSE®, MISS USA® and MISS TEEN USA® Pageants are a Donald J. Trump and NBC Universal joint venture. Utilizing its nationwide grass roots infrastructure, the Miss Universe Organization is committed to increasing awareness of breast and ovarian cancers. By forging relationships with organizations committed to research and education, such as Susan G. Komen for the Cure and Gilda's Club. Miss USA also works with the USO during her reign to support the men, women and families of the military. For more information, visit www.missusa.com.
ABOUT THE USO:
The USO is a private, nonprofit organization whose mission is to support the troops by providing morale, welfare and recreation-type services to our men and women in uniform. The original intent of Congress -- and enduring style of USO delivery -- is to represent the American people by extending a touch of home to the military. The USO currently operates more than 135 centers worldwide, including ten mobile canteens located in the continental United States and overseas. Overseas centers are located in Germany, Italy, the United Arab Emirates, Japan, Qatar, Korea, Iraq, Afghanistan, Guam and Kuwait. Service members and their families visit USO centers more than 6.9 million times each year. The USO is the way the American public supports the troops. For more information, visit www.uso.org.
ABOUT SERVICENATION:
ServiceNation is a national campaign to increase service opportunities and elevate service as a core ideal and problem-solving strategy in American society. Reaching an estimated 100 million citizens through its 250 member groups, ServiceNation played a leading role in the drafting and April 2009 enactment of the Edward M. Kennedy Serve America Act, which authorizes the greatest expansion of national service in America since FDR created the Civilian Conservation Corps. Now that the Act has passed, the ServiceNation coalition is working to inspire a powerful culture of volunteerism in our country. We envision an America in which a commonly asked question is, "Where do you serve?" For more information, visit www.servicenation.org.
SOURCE The Miss Universe Organization
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