Day: September 7, 2022

Federal regulators say five of seven Class I railroads were ‘revenue adequate’ last year

    Only Kansas City Southern and CN’s GTW didn’t make the cut   Courtesy of trains.com Five of the seven Class I railroads operating in the U.S. were revenue adequate in 2021, the Surface Transportation Board said on Tuesday. Being revenue adequate means a railroads achieved a rate of return equal to or greater […]

Potential rail strike threatens to kneecap US economy ahead of midterms

    BY KARL EVERS-HILLSTROM for thehill.com A potential nationwide freight rail strike is looming, threatening to cripple the U.S. economy ahead of the holiday shopping season and November’s midterm elections.   Roughly 115,000 rail workers could walk off the job as soon as Sept. 16 if they cannot agree to a new contract with railroads. […]

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