Third quarter 2018 financial results have been released by Class I railroads

Net Earnings: Increased 34 percent to $1.4 billion Revenue: Increased 16 percent to $6.1 billion Operating Income: Increased 9 percent to $2.1 billion Operating Expenses: Increased 20 percent to $4.0 billion Operating Ratio: Increased 2.1 points to 64.5 percent Click here to [...]

New sequestration rate cuts into railroad unemployment and sickness benefits

Starting October 1, 2018, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 6.2 percent, down from the current 6.6 percent reduction, as required by law. The adjusted reduction amount is based on revised projections [...]