Rail America Posts $36.9 Million for 2011

RailAmerica, Inc. (NYSE: RA) today reported financial results for the quarter ended December 31, 2011. Fourth quarter 2011 revenue increased 15% to $147.3 million from $127.6 million in the fourth quarter of 2010. Freight revenue increased 5% to $103.3 million with average revenue per car up 7% and carloads down 2%. Non-freight revenue increased 48% to $44 million. For the full year of 2011, operating revenue increased 12% to $551.1 million from $490.3 million in 2010. Full year 2011 net income was $36.9 million, or $0.70 per diluted share. This compares to net income of $19.1 million, or $0.35 per diluted share for full year 2010.