Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

1/7/2002



Rail News: Rail Industry Trends

RailAmerica closes StatesRail deal


advertisement

RailAmerica Inc. Jan. 7 completed its $90 million StatesRail Inc. acquistion. The final purchase price consisted of $67 million in cash and $23 million in RailAmerica common stock.

The cash portion was completed using a portion of proceeds from RailAmerica’s recent common stock private placement, as well as financing provided by the holding company’s senior bank group.

Dallas-based StatesRail comprises eight railroads (seven freight railroads and a tourist railroad in Hawaii) that operate 1,647 track miles in 11 states. RailAmerica now owns 47 short-line and regional railroads that operate 12,500 route miles in the United States, Canada, Australia and Chile.


Contact Progressive Railroading editorial staff.

More News from 1/7/2002