Rail America Moving to Jacksonville

Short line and regional railroad company Rail America Inc. will move its headquarters to Jacksonville from Boca Raton sometime after June 1.

Senior Vice President and General Counsel Scott Williams said the company is in the process of combining with Jacksonville-based Florida East Coast Railway, pending regulatory approval from the Surface Transportation Board. Fortress Investment Group owns both companies.

Rail America said the move will affect the jobs of no more than 95 employees, and that it has made offers to many of those employees and expect between 20 and 30 to relocate to Jacksonville with the company.