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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]
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.
Shares of RailAmerica (NYS: RA) hit a 52-week high yesterday. Let's look at how the company got here and whether clear skies are ahead. How it got hereRailAmerica has rocketed higher this year ...
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] On September 18, 2018, operation of most of the Hagersville sub returned to CN. [7]
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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The shortline holding company RailAmerica acquired the Central Michigan Railway in 2004; the Huron and Eastern Railway, another RailAmerica property, subsequently acquired all of the Central Michigan Railway's track. [37] [38] With the end of cross-Lake Michigan ferry service the line was effectively unused beyond Yuma. [39]
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