Current Financial State of the Class I Freight Rail Industry

Current Financial State of the Class I Freight Rail Industry

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The Staggers Rail Act of 1980 allowed freight railroads (FR) to get rid of unprofitable lines and to consolidate their operations. It also allowed the FR to charge lower rates to their customers who operated in a competitive environment, and higher rates to customers who were captive to one FR carrier for transportation service. This review of the Class I FR's recent financial results shows that the Staggers Act's goal of restoring financial stability to the U.S. rail system has been achieved and has produced a rail renaissance. The four Class I railroads that today dominate the U.S. rail shipping market are achieving returns on revenue and operating ratios that rank them among the most profitable bus. in the U.S. Charts and tables. A print on demand report.... productivity is high, and shippers have benefitted from lower average rates.15 According to BNSFa#39;s CEO, Matthew Rose, after Staggers passed in 1980 ... 16 Warren Buffett sees strong rail system as key to U.S. growth, USA Today (Mar. ... 18 Wolfe, Training Manual at 6. ... AAR and other industry representatives sometimes selectively use another financial ratio, the a€•return on shareholdersa#39; equity, a€– toanbsp;...

Title:Current Financial State of the Class I Freight Rail Industry
Author: John Rockefeller
Publisher:DIANE Publishing - 2011-06-01

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