Florida East Coast Industries, Inc. - Introduction

Introduction

One Malaga Street
P.O. Box 1048
St. Augustine, Florida 32085-1048
U.S.A.
Telephone: (904) 829-3421
Fax: (904) 826-2338
Web site: http://www.feci.com

Public Company
Incorporated: 1984
Employees: 834
Sales: $301.52 million (2002)
Stock Exchanges: New York
Ticker Symbol: FLA
NAIC: 482111 Line-Haul Railroads; 531210 Offices of Real Estate Agents and Brokers; 531312 Nonresidential Property Managers; 233110 Land Subdivision and Land Development

Florida East Coast Industries, Inc. (FECI) is the holding company for the similarly named railroad as well as a major land development company. Florida East Coast Railway, L.L.C. (FECR) operates a rail service on 351 miles of track between Jacksonville and Miami. Observers have called FECR one of the best-run railroads in North America. Flagler Development Company owns and manages more than seven million square feet of commercial and industrial space, and about 5,000 acres of other Florida real estate. Formerly called Gran Central Corp., its name was changed in 2000 to reflect the legacy of company founder Henry Flagler.