Rail Carriers Make Huge Profits

August 10, 2011: The second quarter brought good news again for the US's four major public rail carriers, while Old Dominion again flew high among less-than-truckload carriers in a quarter that all improved their results if not exactly deliver outstanding results in some cases.

As shown in the chart below, all four public rail carriers (Burlington Northern was acquired by Warren Buffet's Berkshire Hathaway in 2009) enjoyed strong results, and continued to enjoy relatively strong pricing power. Despite car load growth of just about 3% for three of the four (the smallest of the four, Kansas City Southern, saw volume growth of 7%), revenues were up 13.3-17.9% for all four of them.

Click here to read more.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

YRC Plans to Reduce Terminals

YRC management has announced they plan to reduce terminals from 384 to 320 by the end of 2020. In comparison, the combined Yellow and Roadway terminals that formed YRC Freight totaled 571 in 2009.

Support the TDU Black Caucus

UPS Teamsters in Philadelphia have overwhelmingly elected Richard Hooker to lead their 4000-member local union. Hooker is the third African-American to lead a grassroots insurgent campaign and win Teamster office in the last year.

View More News Posts