RailAmerica

RailAmerica

Company
Company Less

RailAmerica

to get instant updates about 'RailAmerica' on your MyPage. Meet other similar minded people. Its Free!

X 

All Updates


Description:
RailAmerica, Inc., based in Jacksonville, Florida, is 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. It was relisted in October, 2009 with the ticker symbol RA.

On 30 June 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million.

In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million.

Subsidiaries

RailAmerica controls the following railroads. It has acquired some through purchase of other holding companies: RailLink Canada in July 1999, RailTex in February 2000, ParkSierra and StatesRail in January 2002, and the rail properties of Alcoa in September 2005. RailAmerica's owner, Fortress Investment Group, purchased the Florida East Coast Railway in September 2007 from Florida East Coast Industries.



References

  • RailAmerica (September 9, 2005), . Retrieved September 13, 2005.
  • Yahoo Finance, . Retrieved September 13, 2005.


External links








Read More

No feeds found

All
Posting your question. Please wait!...


About

Company
No messages found
Suggested Pages
Tell your friends >
about this page
 Create a new Page
for companies, colleges, celebrities or anything you like.Get updates on MyPage.
Create a new Page
 Find your friends
  Find friends on MyPage from