STB Railroad Economic Data (HTML)
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SURFACE TRANSPORTATION BOARD
OFFICE OF ECONOMICS, ENVIRONMENTAL ANALYSIS, AND ADMINISTRATION
WASHINGTON, DC 20423
CLASS I FREIGHT RAILROADS - SELECTED EARNINGS DATA
FIRST QUARTER - 2000
(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 2000 $8,372,769 $862,287 $542,810 358,596,294
FREIGHT RR'S ............ 1999 8,343,203 1,026,602 763,344 348,438,491
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Burlington Northern - Santa Fe 2000 2,236,981 342,923 266,020 121,003,675
1999 2,183,349 324,864 251,705 113,560,854
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Consolidated Rail Corp. 2000 0 0 0 0
(See Note Below) 1999 890,131 99,834 77,524 23,816,650
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CSX Transportation 2000 1,515,305 92,648 22,049 52,704,000
(See Note Below) 1999 1,297,402 114,225 85,337 44,271,100
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Grand Trunk Western 2000 96,184 12,214 10,326 2,823,501
1999 83,477 10,548 8,409 2,572,068
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Illinois Central 2000 176,835 25,077 33,236 6,657,836
1999 157,497 34,334 28,448 5,988,137
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Kansas City Southern 2000 135,400 18,055 11,924 0
1999 134,850 19,039 11,686 5,592,810
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Norfolk Southern 2000 1,494,548 19,728 (31,358) 48,626,840
(See Note Below) 1999 1,030,110 143,778 145,028 32,409,777
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Soo Line 2000 139,630 19,890 16,222 5,537,442
1999 130,855 9,730 6,311 4,840,095
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Union Pacific 2000 2,577,886 331,752 214,391 121,243,000
1999 2,435,532 270,250 148,896 115,387,000
Norfolk Southern and CSX formally began to exercise operating control over Conrail on June 1, 1999. Thus, there are no reported numbers for Conrail after that date. Norfolk Southern and CSX results for this quarter in 2000 include former Conrail operations. 1999 results for Conrail are shown separately and are not included with those for Norfolk Southern and CSX.







SURFACE TRANSPORTATION BOARD
OFFICE OF ECONOMICS, ENVIRONMENTAL ANALYSIS, AND ADMINISTRATION
WASHINGTON, DC 20423
CLASS I FREIGHT RAILROADS - SELECTED EARNINGS DATA
FIRST QUARTER - 2000
(000 OMITTED)
12 MONTHS ENDED MARCH 31
Net Return
Railway Railway Revenue On Net
Operating Operating Net Ton-Miles Investment
Revenues Income Income Of Freight (%)
Railroad Year (1) (2)
TOTAL ALL CLASS I 2000 $33,628,647 $3,687,442 $2,578,560 1,446,740,901 5.54%
FREIGHT RR'S ............ 1999 33,391,536 3,904,978 2,958,961 1,389,122,581 6.66%
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Burlington Northern - Santa Fe 2000 9,142,925 1,487,691 1,243,729 495,198,418 9.53%
1999 8,999,837 1,470,227 1,179,148 469,492,016 9.77%
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Consolidated Rail Corp. 2000 718,887 (38,959) (64,297) 16,033,518 -0.69%
(See Note Below) 1999 3,741,250 343,425 311,506 100,720,397 6.11%
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CSX Transportation 2000 5,840,926 261,395 116,351 200,752,200 2.49%
(See Note Below) 1999 5,002,728 575,181 356,416 170,102,200 7.35%
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Grand Trunk Western 2000 358,271 87,413 81,178 10,763,090 26.20%
1999 338,734 (6,794) (2,502) 9,553,502 -2.47%
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Illinois Central 2000 687,291 94,888 66,814 25,401,942 8.30%
1999 645,802 136,828 120,430 23,633,908 12.72%
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Kansas City Southern 2000 545,383 60,618 22,656 16,632,848 6.80%
1999 549,423 77,264 51,176 21,896,886 8.96%
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Norfolk Southern 2000 5,658,994 316,484 153,377 181,729,713 2.71%
(See Note Below) 1999 4,185,272 668,833 702,448 132,383,853 9.28%
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Soo Line 2000 546,666 50,107 39,061 21,272,172 4.86%
1999 540,445 45,556 32,525 20,045,819 4.48%
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Union Pacific 2000 10,129,304 1,367,805 919,691 478,957,000 6.91%
1999 9,388,045 594,458 207,814 441,294,000 3.02%
Norfolk Southern and CSX formally began to exercise operating control over Conrail on June 1, 1999. Thus, there are no reported numbers for Conrail after that date. Norfolk Southern and CSX results for this quarter in 2000 include former Conrail operations. 1999 results for Conrail are shown separately and are not included with those for Norfolk Southern and CSX.







SURFACE TRANSPORTATION BOARD
OFFICE OF ECONOMICS, ENVIRONMENTAL ANALYSIS, AND ADMINISTRATION
WASHINGTON, DC 20423
CLASS I FREIGHT RAILROADS - SELECTED EARNINGS DATA
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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:
(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.
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(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 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 1999 and 1998).
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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.