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Article: RailAmerica, Inc. Reports October 2009 Monthly Carloads.
- Article from:
- PR Newswire
- Article date:
- November 11, 2009
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JACKSONVILLE, Fla., Nov. 11 /PRNewswire-FirstCall/ -- RailAmerica, Inc. today reported its freight carloads for the month ended October 31, 2009. Total carloads for October 2009 were 70,159, down 19.9% from 87,610 in October 2008. In the second quarter of 2009, the Company restructured a customer contract, which resulted in the Company recording the revenue derived from that contract as non-freight revenue instead of freight revenue and carloads. Excluding the effect of this contract, carloads were down approximately 15% for October 2009 compared to October 2008.
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The Company had ...