Norfolk Southern, Union Pacific were revenue adequate for 2011, STB says
(Source: Progressive Railroading, October 17, 2012)
In a decision that took effect yesterday, the Surface Transportation Board (STB) determined that Norfolk Southern Railway and Union Pacific Railroad were the only Class Is that were revenue adequate for 2011. The designation means NS and UP achieved a rate of return equal to or greater than the board's calculation of the average cost of capital to the freight-rail industry.
Full story: Progressive Railroading
Monday, October 22, 2012
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