STB Ralroad Economic Data Content:
SURFACE TRANSPORTATION BOARD | ||||||
OFFICE OF ECONOMICS, ENVIRONMENTAL ANALYSIS, AND ADMINISTRATION | ||||||
WASHINGTON, DC 20423 | ||||||
CLASS I FREIGHT RAILROADS - SELECTED EARNINGS DATA | ||||||
(000 OMITTED) | ||||||
QUARTER ENDED MARCH 31 | ||||||
Net | ||||||
Railway | Railway | Revenue | ||||
Operating | Operating | Net | Ton-Miles | |||
Revenues | Income | Income | Of Freight | |||
Railroad | Year | (1) | ||||
TOTAL ALL CLASS I | 1997 | $8,230,874 | $927,289 | $625,468 | 342,724,068 | |
FREIGHT RR'S (1)............ | 1996 | 8,029,882 | 900,844 | 801,425 | 329,312,861 | |
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BNSF | 1997 | 2,034,718 | 202,667 | 186,737 | 107,345,400 | |
1996 | 2,027,720 | 234,986 | 222,370 | 101,578,000 | ||
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CONRAIL | 1997 | 877,650 | 120,150 | 59,698 | 23,271,385 | |
1996 | 861,363 | 53,402 | 28,713 | 22,958,721 | ||
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CSX | 1997 | 1,247,519 | 156,515 | 131,166 | 41,270,000 | |
1996 | 1,195,093 | 117,720 | 107,276 | 39,583,000 | ||
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GTW | 1997 | 93,740 | 9,892 | 8,720 | 2,611,177 | |
1996 | 90,885 | (1,601) | 4,537 | 2,454,511 | ||
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IC | 1997 | 154,237 | 38,665 | 31,857 | 5,933,574 | |
1996 | 162,610 | 36,508 | 30,166 | 5,945,952 | ||
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KCS | 1997 | 120,570 | 13,809 | 4,023 | 4,440,036 | |
1996 | 123,297 | 15,418 | 1,984 | 4,480,910 | ||
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NS | 1997 | 1,046,003 | 214,103 | 127,199 | 33,340,127 | |
1996 | 1,016,671 | 169,900 | 162,266 | 32,420,873 | ||
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SOO | 1997 | 150,899 | 4,067 | (927) | 6,007,369 | |
1996 | 176,298 | 27,841 | 21,411 | 6,694,832 | ||
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UP | 1997 | 2,505,538 | 167,421 | 76,995 | 118,505,000 | |
1996 | 2,375,945 | 246,670 | 222,702 | 113,196,062 | ||
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12 MONTHS ENDED MARCH 31 | ||||||
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Net | Return | |||||
Railway | Railway | Revenue | On Net | |||
Operating | Operating | Net | Ton-Miles | Investment | ||
Revenues | Income | Income | Of Freight | (%) | ||
(1) | (2) | |||||
TOTAL ALL CLASS I | $32,924,736 | $4,397,458 | $3,734,384 | 1,351,208,978 | 8.92% | |
FREIGHT RR'S (1)............ | 32,291,465 | 2,945,255 | 2,547,100 | 1,309,417,480 | 6.20% | |
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BNSF | 8,208,593 | 1,034,663 | 973,506 | 414,933,400 | 8.14% | |
8,170,939 | 565,109 | 482,776 | 400,758,011 | 4.86% | ||
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CONRAIL | 3,613,535 | 493,825 | 366,478 | 95,082,790 | 9.52% | |
3,581,368 | 317,075 | 231,950 | 92,667,005 | 6.15% | ||
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CSX | 4,961,499 | 647,282 | 601,366 | 161,804,000 | 9.05% | |
4,819,759 | 413,614 | 401,770 | 159,136,800 | 6.02% | ||
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GTW | 380,813 | 29,822 | (1,345) | 9,636,171 | 15.00% | |
329,169 | (164,533) | (160,915) | 8,867,401 | -122.90% | ||
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IC | 609,233 | 145,399 | 130,338 | 22,119,267 | 14.56% | |
639,622 | 150,651 | 115,813 | 23,950,221 | 16.01% | ||
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KCS | 488,908 | 64,109 | 19,016 | 18,133,731 | 7.17% | |
499,840 | 64,803 | 5,147 | 18,650,264 | 6.47% | ||
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NS | 4,130,370 | 831,928 | 731,245 | 131,365,947 | 12.67% | |
4,029,326 | 721,906 | 709,805 | 128,473,574 | 11.41% | ||
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SOO | 643,562 | 158,847 | 139,152 | 23,996,410 | 19.92% | |
691,970 | (135,770) | (169,709) | 25,639,532 | -20.50% | ||
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UP | 9,888,223 | 991,583 | 774,628 | 474,137,262 | 6.70% | |
9,529,472 | 1,012,400 | 930,463 | 451,274,672 | 6.85% | ||
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SOURCES OF DATA: | ||||||
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Railway Operating Revenues, Net Railway Operating Income, and Net Income are from the | ||||||
"Quarterly Report of Revenues, Expenses, and Income - Railroads (Form RE&I). | ||||||
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Revenue Ton Miles of Freight are from the "Quarterly Condensed Balance Sheet - Railroads | ||||||
(Form CBS). | ||||||
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NOTES: | ||||||
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(1) Net Railway Operating Income is the difference between railway operating revenues and the | ||||||
total of railway operating expenses, railway tax accruals, and net equipment and joint | ||||||
facility rents. | ||||||
(2) Return on Net Investment (ROI) is the ratio of net railway operating income to net investment in | ||||||
railway property used in transportation services at end of previous calendar year. The latter | ||||||
includes an allowance for working capital. Accumulated deferred income tax reserves are | ||||||
are subtracted from the net investment base. Since net investment figures are only available | ||||||
on an end-of-year basis from the Annual Report Form R-1's, filed on March 31 of each year, | ||||||
the net investment bases used to compute returns on net investment in this report are the most | ||||||
recent year-end figures available (data as of the end of 1996 and 1995). | ||||||
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ROI's, as computed by the Board for its annual determination of the revenue adequacy of each | ||||||
Class I railroad, will differ from the ROI's computed for this report. ROI's for the revenue | ||||||
adequacy determination are based upon the average of the beginning and end-of-year net | ||||||
investment bases, while ROI's for this report are based on end-of-year data only. Also, ROI's | ||||||
for revenue adequacy determinations are computed using data reported by the class I railroads | ||||||
in Annual Report Form R-1, Schedule 250, "Consolidated Information for Revenue Adequacy | ||||||
Determination." The data contained in Schedule 250 differ somewhat from the data in the Form | ||||||
RE&I, and are therefore not totally compatible. |