Forward Looking Statements and Forecasts

8/6/2004


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Table of Contents

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Forward Looking Statements and Forecasts

Corporate Review

Company Profile

Operating Properties

Growth Strategy

Operations Review

RailAmerica North American Rail Group

Chicago, Fort Wayne & Eastern Railroad

North America Competitive Strength

North American Diversification

Freight Australia

Freight Australia

Freight Australia Highlights

Financial Review

Strong Historical Growth

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North American Overview

Q2 2004 North American Results

Freight Australia

Outlook for 2004

Freight Australia Update

RRA Investment Highlights

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Author: sgreen01