"We will be a considerably larger company, and more profitable," Chief Executive John Giles said in an interview.
"We have made a significant amount of progress with our earnings here at RailAmerica over the last three years."
Analysts are expecting the company to turn in revenue of $486.05 million for 2011. In 2009, the company had revenue of $411 million.
Analysts expect its revenue to grow 9 percent in 2010 and 8.6 percent in 2011, according to Thomson Reuters I/B/E/S.
The company also expects more industrial development contracts through 2010.
RailAmerica, which is owned by private equity funds managed by a unit of Fortress Investment Group , went public last October, and competes with Genesee & Wyoming , the only other listed regional and short-line operator.
The company posted net loss from continuing operations of $2.8 million, including some charges, for the latest quarter. Revenue was $112.7 million. (Reuters)
