Wednesday, February 24, 2010

Class I rails cut 13,902 jobs, January '09 to January '10

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A report released Wednesday by the Surface Transportation Board shows that Class I railroad employment fell to 145,609 in mid-January 2010, a loss of 8.72%, or 13,902 jobs, since January 2009.

The biggest loser was the train crew category transportation (train and engine), where employment declined 11.57% to 55,876, a loss of 7,311 jobs.

Other employment groups also declined: executives, officials, and staff assistants (9,029), down 10.79%; professional and administrative (13,256), down 3.61%; maintenance of way and structures (32,729), down 4.99%; maintenance of equipment and stores (28,186), down 8.16%; and transportation other than train and engine (6,533), down 10.65%.

Total January 2010 employment was down 0.78% from December 2009, indicating a continuing downward trend.

The STB report showed that the January 2010 employment index (based on 1967 as 100) was 23.7% vs. 25.9% in January 2009 and 26.5% in January 2008.