RailAmerica


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. It was relisted in October 2009 with the ticker symbol RA.
On June 30, 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.
On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion. Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012. While awaiting the decision, Genesee & Wyoming put RailAmerica control in the hands of a trust. They assumed control on December 28, 2012 and the company was in the process of integration to G&W.

Present and former subsidiaries

RailAmerica controlled 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.
In addition to those listed below, RailAmerica's prior owner, Fortress Investment Group, purchased the Florida East Coast Railway in September 2007 from Florida East Coast Industries. Although Fortress maintained a level of common control between the two railroads, FEC was never made a formal part of the RailAmerica family, and Fortress did not include FEC in the RailAmerica spinoff.
RailAmerica was founded by Donald Redfearn and Gary O. Marino in 1986.
CompanyAcquired fromDateNotes
Alabama and Gulf Coast RailwayStatesRail-
Arizona and California RailroadParkSierra-
Bauxite and Northern RailwayAlcoa-
California Northern RailroadParkSierra-
Cape Breton and Central Nova Scotia RailwayRailTex-
Carolina Piedmont RailroadRailTex-
Cascade and Columbia River Railroaddirect-
Central Michigan RailwaydirectLeased by Huron and Eastern Railway
Central Oregon and Pacific RailroadRailTex-
Central Railroad of IndianaRailTex-
Central Railroad of IndianapolisRailTexAlso operates Winamac Southern Railway as agent
Chesapeake and Albemarle RailroadRailTex-
Chicago, Fort Wayne and Eastern Railroaddirect-
Connecticut Southern RailroadRailTex-
Dallas, Garland and Northeastern RailroadRailTex-
Eastern Alabama RailwayStatesRail-
Goderich-Exeter RailwayRailTex-
Grand Rapids Eastern RailroadRailTex-
Huron and Eastern Railwaydirect-
Indiana and Ohio RailwayRailTex-
Indiana Southern RailroadRailTex-
Kiamichi Railroaddirect-
Kyle RailroadStatesRail-
Lahaina, Kaanapali and Pacific RailroadStatesRail-
Marquette Raildirect-
Massena Terminal RailroadAlcoa-
Michigan Shore RailroadRailTex-
Mid-Michigan RailroadRailTex-
Missouri and Northern Arkansas RailroadRailTex-
New England Central RailroadRailTex-
North Carolina and Virginia RailroadRailTex-
Ottawa Valley RailwayRaiLink-
Otter Tail Valley Railroaddirect-
Point Comfort and Northern RailwayAlcoa-
Puget Sound and Pacific RailroadParkSierra-
Raillink Canada LimitedDirectRegistered office in Montreal
Rockdale, Sandow and Southern RailroadAlcoa-
San Diego and Imperial Valley RailroadRailTex-
San Joaquin Valley RailroadStatesRail-
South Carolina Central RailroadRailTex-
Southern Ontario RailwayRaiLink-
Texas Northeastern RailroadRailTex-
Toledo, Peoria and Western Railwaydirect-
Ventura County Railroaddirect-
Virginia Southern RailroadRailTex-
A&R Line, Inc.TP&WLeased by TP&W since 1997; owned by Cargill; service ended in September 2002
Arizona Eastern RailwayStatesRailSold December 2004 to Permian Basin Railways
Central Western RailwayRaiLinkSold January 2006
Dakota Rail, Inc.directSold December 2001 to Hennepin County Regional Railroad Authority
Delaware Valley RailwaydirectLease transferred March 1999 to Brandywine Valley Railroad
E&N RailwaydirectSold June 2006 to Southern Railway of British Columbia
Evansville Terminal CompanydirectSold September 1997 to John H. Marino
FerronordirectLeased Potrerillos Railway in January 2002; sold February 2004
Freight AustraliadirectSold August 2004 to Pacific National
Georgia Southwestern RailroadRailTexSold March 2002 to local interests
Gettysburg RailwaydirectSold October 1997 to John H. Marino; included Gettysburg Scenic Rail Tours
Indiana and Ohio Central RailroadRailTexMerged May 2005 into Indiana and Ohio Railway
J.K. Line, Inc.TP&WLeased by TP&W since 1998; owned by Cargill; service ended in April 2002
Lakeland and Waterways RailwayRaiLinkSold January 2006
Mackenzie Northern RailwayRaiLinkSold January 2006
Minnesota Northern RailroaddirectSold August 2000 to KBN, Inc.
Ontario L'Orignal RailwayRailTexSold December 2000
Pittsburgh Industrial RailroadRailTexSold December 2000 to Summit View, Inc.
Plainview Terminal Companydirect
St. Croix Valley RailroaddirectSold August 2000 to KBN, Inc.
Saginaw Valley RailwaydirectMerged September 2004 into Huron and Eastern Railway
San Luis and Rio Grande RailroaddirectSold December 2005 to Permian Basin Railways
San Pedro and Southwestern RailwayStatesRailSold October 2003 to Arizona Railroad Group
South Central Tennessee RailroaddirectSold December 2000 to Henry G. Hohorst et al.
Texas-New Mexico RailroadRailTexSold May 2002 to Permian Basin Railways
West Texas and Lubbock RailroaddirectLeased May 2002 to Permian Basin Railways subsidiary West Texas and Lubbock Railway; sold December 2004 to Permian Basin Railways