The Surface Transportation Board announced Tuesday, Sept. 2, 2014, that it has found five U.S. Class I railroad properties to be “revenue adequate for the year 2013, meaning that five of the Class I railroads achieved a rate of return equal to or greater than the Board’s calculation of the average cost of capital to the freight rail industry.”
The railroads STB cited are: BNSF Railway Co., Grand Trunk Corp. (U.S. affiliates of of Canadian National), Norfolk Southern Combined Railroad Subsidiaries, Soo Line Corp. (U.S. affiliates of Canadian Pacific), and Union Pacific Railroad Co.
Read the complete story at Railway Age.
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