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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]
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.
On January 19, 2006, CN announced the purchase from RailAmerica Inc. of the Mackenzie Northern Railway, the Lakeland & Waterways Railway, and the Central Western Railway (jointly known as RLGN/CWRL). CN came full circle by paying $26 million for the three northern Alberta rail lines it had sold nine years previously. [12]
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 ...
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In 2005, the railroad was purchased by holding company RailAmerica. [1] In December 2012, Genesee & Wyoming acquired the railroad in its acquisition of RailAmerica. As of 2023, Bauxite & Northern Railway interchanges with Union Pacific in Bauxite, Arkansas and can hold up to 286,000 pounds of supplies.
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Companies owned by RailAmerica as of the Genesee & Wyoming Inc. acquisition in December 2012 have been owned by G&W. Pages in category "RailAmerica" The following 59 pages are in this category, out of 59 total.