Banyan Rail Services Inc. is engaged in the business of railroad tie reclamation and disposal. The Company provides railroad tie pickup, reclamation and disposal services to the Class 1 railroads (defined by the American Association of Railroads as a railway) and industrial customers. It operates primarily in the southern region of the United States of America. Its services include removing scrap railroad ties (ties), disposing of the ties by selling them to the landscape and relay tie markets or having the ties ground to create chipped wood for subsequent sale as fuel to the co-generation markets. During the year ended December 31, 2011, it removed approximately 1.6 million railroad ties and disposed of approximately 840,000 railroad ties, 64% of which were used by the co-generation market and 36% for the landscape and relay markets.