Rail America Completes AcquisitionRail

America Completes Acquisition of Majority Interest in the Wellsboro and Corning Railroad and Industrial Waste Group 4/10/2012 12:00:00 AM JACKSONVILLE, FL, April 9, 2012 - RailAmerica, Inc. (NYSE: RA) announced today that it has completed its acquisition of a seventy-percent interest in the Wellsboro and Corning Railroad (“WCOR”) and Industrial Waste Group (“IWG”) from Myles Group for approximately $18 million. RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 44 individual railroads with approximately 7,400 miles of track in 28 U.S. states and three Canadian provinces.