Grand Trunk Corp.

The STB determined that CSX was among the Class I’s achieving a rate of return on net investment equal to or greater than the agency’s calculation of the average cost of capital for the freight rail industry, a sign of revenue adequacy. CSX was also found to be revenue adequate for 2019 and 2018.

STB: Five Class I’s Revenue Adequate for 2020

The Surface Transportation Board (STB) has found five of the seven U.S. Class I railroads to be revenue adequate for 2020: BNSF, CSX, Kansas City Southern, Soo Line (the U.S. affiliate of Canadian Pacific) and Union Pacific.

The STB determined that UP was among the Class I’s achieving a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, a sign of revenue adequacy. UP was also found to be revenue adequate for 2018.

STB: Five Class I’s Revenue Adequate for 2019

The Surface Transportation Board has determined that five of the “Big 7” U.S. Class I railroads achieved revenue adequacy in 2019: BNSF, CSX, Norfolk Southern, Soo Line (the U.S. affiliate of Canadian Pacific) and Union Pacific. STB determined that those Class I’s achieved a rate of return on investment (ROI) equal to or greater than the Board’s calculation of the average cost of capital for the freight rail industry, which for 2019 is 9.34%.