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 than the board’s calculation of the average cost of capital to the freight rail industry. The average cost of capital was 10.37% last year, the STB concluded.

Last year BNSF Railway, CSX Transportation, Norfolk Southern, Union Pacific, and Soo Line — Canadian Pacific’s U.S. subsidiary — were all deemed revenue adequate.

That list left just Kansas City Southern, the smallest Class I, and Grand Trunk Western, CN’s U.S. subsidiary, short of the revenue adequacy mark.

(Surface Transportation Board)
 

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