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Class I Railroads – Income and Productivity
10/25/06
- The
Big Four Class I Railroads (Union Pacific, Burlington Northern Santa Fe, CSX, and Norfolk
Southern) made over $1 billion each in net income in 2005. (IBT Report –
Class I RR Financial and operating update: 2005) Source: company annual report
- Combined,
the Big Four Class I Railroads (Union Pacific, Burlington Northern Santa
Fe, CSX, and Norfolk Southern) made over $5 billion in
net income in 2005. (IBT Report – Class I RR Financial and operating update:
2005) Source: company annual report
- Total
revenues for the Big Four carriers reached more that $43 billion in 2005.
(IBT Report – Class I RR Financial and operating update: 2005) Source:
company annual report
- During
the period of the current collective bargaining agreement beginning January 1, 2000 to present, the Big
Four Carriers amassed $20.729 billion dollars in net profits. Source:
company annual report (1/3/00 – 6/30/06)
- During
the period of the current collective bargaining agreement beginning January 1, 2000 to present, revenue
for the Big Four Carriers exceeded $245,292 billion. Source:
company annual report (1/3/00 – 6/30/06)
- During
the period of the current collective bargaining agreement beginning January 1, 2000 to present, Big Four
stock prices have increased an average of 157.05%. Source: http://bigcharts.marketwatch.com/historical/
(1/3/00 – 6/30/06)
- The US Department of
Transportation (DOT) has projected that overall demand for freight rail
service will increase 55% (1.3 billion tons) by 2020 from 1998 levels.
Source: AAR Testimony
- Average
railroad CEO income has risen 161.5 % since January
2000. Source: Forbes.com, which
used latest available proxy statements (1/1/00 – 12/31/05). Calculated by using the average CEO incomes of the Big
Four companies.
- Average
railroad employee income has risen 19.1% since January 2000. Source:
Bureau of Labor Statistics (1/1/00 – 12/31/05). Calculated by using the average of 5
Transportation and Material Moving Occupations under NAICS 482100 – Rail
Transportation.