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Yesterday, RailAmerica Inc. reported February carloads totaling 69,590, up 9.9 percent compared with February 2011. Same-railroad carloads climbed 9.2 percent.
Volume increased in 10 of 12 commodity groups. Although carloads were favorably impacted by one extra day in February 2012, motor vehicle volume skyrocketed 134 percent to 1,811 units, “other” traffic soared 30.9 percent to 2,856 units, forest products volume jumped 28.6 percent to 4,636 units and agricultural products volume rose 18.6 percent to 10,498 units on a year-over-year basis.
Agricultural products were driven by traffic in the Midwest region, motor vehicles increased primarily because of higher shipments in the Midwest and West regions, and forest products volume rose in the West, Central and Northeast regions, RailAmerica officials said in a prepared statement.
The only year-over-year declines were registered by coal, down 2.5 percent to 12,295 units, and pulp/paper/allied products, down 2.8 percent to 5,329 units.
RailAmerica owns 43 regionals and short lines in the United States and Canada.