U.S. rail employment tumbles
(Source: Freight Waves, February 24, 2020)
CHATTANOOGA, Tenn. — Employment at the Class I railroads fell to its lowest in years, with January’s totals tumbling over 12% year-over-year. Headcount among the Class I railroads in January totaled 128,311 employees, a 12.4% decrease from January 2019’s total of 146,556, according to data from the Surface Transportation Board (STB). The headcount within the train and engine category, which tends to be more sensitive to the rail market and rail demand, dropped 17.3% year-over-year in January, to 51,709 employees from 62,545 in January 2019. January’s total in the train and engine category is also the lowest total since January 2012.
Full story: Freight Waves
Tuesday, February 25, 2020
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