RailAmerica (RA) Carloads Up 2.9% in August
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RailAmerica, Inc. (NYSE: RA) today reported that its total freight carloads for the month ended August 31, 2012 were 74,813, up 2.9% from 72,697 in August 2011.
The Company increased shipments in August 2012 in six out of twelve commodity groups compared to August 2011. The largest increases were in Other, Petroleum and Forest Products. Other volumes were up in all regions. The Other category includes crude oil, which accounted for a large portion of the increase from prior year. Petroleum increased primarily due to higher shipments in the West and Midwest regions. The Petroleum category includes refined petroleum products. Forest Products carloads increased primarily due to higher volumes in the West and Midwest regions.
The largest declines were in Agricultural Products and Pulp, Paper & Allied Products. Agricultural Products were lower primarily due to reduced shipments in the Midwest and Southeast regions. Pulp, Paper & Allied Products decreased primarily due to lower shipments in the Northeast region.
August 2012 carloads include 1,714 carloads from acquisitions. On a "same railroad" basis, carloads increased 0.6%.
The Company increased shipments in August 2012 in six out of twelve commodity groups compared to August 2011. The largest increases were in Other, Petroleum and Forest Products. Other volumes were up in all regions. The Other category includes crude oil, which accounted for a large portion of the increase from prior year. Petroleum increased primarily due to higher shipments in the West and Midwest regions. The Petroleum category includes refined petroleum products. Forest Products carloads increased primarily due to higher volumes in the West and Midwest regions.
The largest declines were in Agricultural Products and Pulp, Paper & Allied Products. Agricultural Products were lower primarily due to reduced shipments in the Midwest and Southeast regions. Pulp, Paper & Allied Products decreased primarily due to lower shipments in the Northeast region.
August 2012 carloads include 1,714 carloads from acquisitions. On a "same railroad" basis, carloads increased 0.6%.
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