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

TDU Stands With Teachers Striking in LA

Teachers in Los Angeles are striking for good jobs and better schools, and TDU members stand with them, ran or shine.

Teamster Resolutions for 2019

2018 saw a growing rank-and-file rebellion in labor—in the Teamsters, that rebellion is led by TDU.

View More News Posts