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RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada. In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the New York Stock Exchange with the ticker symbol RRA. [2]
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It is owned and operated by Genesee & Wyoming, who acquired the railroad in the 2012 purchase of RailAmerica. [1] As of 2023, IORY holds a total of 543 miles, 10 in Indiana, 21 in Michigan, and 512 in Ohio. The capacity is Blue Ash, Lebanon and Mason lines- 263k; 286k elsewhere. [2]
On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion. [ 4 ] [ 5 ] Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012, [ 6 ] and ownership of the Chicago, Ft. Wayne & Eastern was transferred to the G&W.
The 10-second takeawayFor the quarter ended Dec. 31 (Q4), RailAmerica beat slightly on revenues and beat expectations on earnings per share. Compared to RailAmerica Beats Estimates on Top and ...
The railroad began operations on 30 October 1996 under the auspices of RaiLink Canada, and fell under the control of RailAmerica after that company bought RaiLink in July 1999. [ 2 ] [ 3 ] It was formed to operate both local trains and through-service Canadian Pacific Railway trains between Sudbury, Ontario and Smiths Falls, Ontario . [ 3 ]
Infants must be on a chest harness, but they ride for free. The company also says its tours are pet friendly. Pets ride for free, but they are limited to 40 pounds. Dogs have been brought along at ...
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