Monday, August 17, 2009

Class I's earn 8.94% return for 12 months ended June 30

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The Surface Transportation Board posted statistics on its website Monday showing that Class I railroads earned a return on net investment of 8.94% in the 12-month period that ended June 30, compared with 9.20% in the corresponding period a year ago.

Total operating revenues in the latest 12-month period were $53.6 billion vs. $55.7 billion in the prior year.

Individual carriers posted these ROIs in the 12 months ended June 30, 2009 (compared with their ROIs a year earlier):

Burlington Northern Santa Fe: -- 9.69% (9.90%)

CSX Corp. -- 7.61% (7.87%)

CN/Grand Trunk -- 8.59% (9.68%)

Kansas City Southern -- 8.59% (9.68%)

Norfolk Southern -- 10.23% (13.57%)

Soo Line -- 12.09% (15.20%)

Union Pacific -- 8.43% (9.16%)

Return on investment is based on net railway operating income, which is the difference between net railway operating revenues and the total of railway operating expenses, railway tax accruals, and net equipment and joint facility rents.