RailAmerica Acquires Four Short-Line Railroads

Click here to write a Letter to the Editor.

hort-line railroad RailAmerica Inc. said Monday it had completed the acquisition of four short-line railroads from Alcoa for $77.5 million in cash.

The four serve Alcoa aluminum manufacturing operations in Texas and New York and a former Alcoa-owned specialty chemicals facility in Arkansas.

For the twelve months ended June 30, the four handled 30,000 carloads, generated revenue of $20.8 million resulting in operating income of $10.1 million and had depreciation and amortization expense of $200,000, RailAmerica said in a statement.

The railroads, which operate a total of 25 miles, had capital expenditures of $50,000 for the same twelve-month period, RailAmerica said.