RailAmerica reports October 2011 monthly carloads

RailAmerica, Inc. reported that its total freight carloads for the month ended October 31, 2011 were 71,418, down 1.9 percent from 72,826 in October 2010.

The company had increased shipments in October 2011 in seven out of twelve commodity groups compared to October 2010. The largest increases were in coal, waste and scrap materials, and metallic ores and metals. Coal shipments increased largely due to shipments to a power plant that had maintenance downtime in October of 2010. This increase was partially offset by source shifts affecting the Indiana Southern Railroad. Waste and scrap materials were up primarily due to higher shipments in the Southeast and Northeast regions. Metallic ores and metals were stronger largely due to increased shipments in the Central and Southeast regions.

The largest declines were in agricultural products, chemicals and petroleum. Agricultural products carloads were down largely due to fewer shipments in the Midwest and Central regions. Chemicals carloads declined primarily due to lower shipments in the Midwest and Northeast regions. Petroleum carloads were lower primarily due to decreased shipments in the West and Northeast regions.

October 2011 carloads include 498 carloads from the acquisition of three railroads in Alabama. On a “same railroad” basis, carloads declined 2.6 percent.