freight rail industry 2014-2020. Apr 8, 2021 · On March 21, 2021, the Canadian Pacific Railroad announced that it was buying the Kansas City Southern Railroad for $25 billion. STB’s 2020 railroad cost of capital was 7. The final rule will raise the Class I revenue threshold to $900 million and round the current Class II/Class III threshold to $40. 85 billion. Class I railroads account for around 68% of freight rail mileage, 88% of employees and 95% of revenue. Class III - $35,809,698 or less. Oct 2, 2020 · Railroad industry news about: Surface Transportation Board, revenue adequacy, 2019, Class Is, BNSF Railway Co. Railroads Industry increased Gross Margin through reduction in Cost of Sales and despite contraction in Gross Profit by -0. According to preliminary EPA data for 2022, freight railroads account for just 0. Class III – Revenue less than $20M. A railroad is deemed “revenue adequate” when its rate of return on net investment (ROI) equals or exceeds the industry’s cost of capital (COC). This statistic illustrates the number of employees working in the U. That outlook hasn’t changed for most, given rail volumes in January and March, but the severe weather conditions in large Apr 2, 2020 · The Rising Stars Class of 2024; which generated 42 percent of the railroad's total revenue. 3 million — the best since 2014 and nearly $14 million more than Figure 3: Class I Freight Railroads Revenue-Ton-Miles, 2011– 2021 11 Accessible Data for Figure 3: Class I Freight Railroads Revenue-Ton-Miles, 2011–2021 11 Figure 4: Total Employment by Class I Railroad, 2011–2021 16 Accessible Data for Figure 4: Total Employment by Class I Railroad, 2011–2021 16 Oct 7, 2020 · A railroad is considered revenue adequate under 49 U. For 2020, this number was determined to be 7. The Surface Transportation Board (STB) has found five U. The Surface Transportation Board today announced that is has made its annual determination of revenue adequacy for the Nation’s Class I freight railroads for 2020. By comparing this figure to the 2020 ROIs, calculated from data reported in the carriers’ Annual Report R-1 Schedule 250 filings, a revenue adequacy figure has been determined for each of the Class I freight railroads that were in operation as of December 31, 2020. 5 percent to $1. Growth is the major driver of sustained total shareholder return across industries and over the long run. 4% rate increases over the next 6-12 months, up 30bps sequentially and roughly in line with our survey average. The idea is that a revenue adequate railroad is earning enough to cover the costs of efficient operation, including a competitive return on invested capital. 73% of Revenue, and 61. Coal accounted for 12. 8 billion and 4 days ago · The BNSF Railway Company was the the second leading North American railroad company in 2023, with a total operating revenue of over 23. Nearly all coal transported by rail moves in Dec 4, 2019 · Pricing. dollar cents. All of this occurred even as the number of Class I route-miles shrunk 43 percent. The Great Depression devastated railroads. 8 million people — more than any other industry. , CSX, Norfolk Southern Combined Railroad Subsidiaries, Canadian Pacific's Soo Line May 14, 2021 · The first-quarter 2021 earnings season for the Class I railroads is over. Class I railroads are regulated by the Surface Transportation Board (STB). There are seven Class 1 Railroads in the United States, and two Mexican and two Canadian railroads would also qualify if they were US companies. Number of employees: 32,124; Rail network: 32,100 route miles; A Union Pacific train parked at a stop. 75 million or more. dollars. Operating ratios have been improving for years and are down 10. The Surface Transportation Board (Board) today announced the adoption of a final rule to amend the operating revenue thresholds for classifying rail carriers. Class I railroads operate in 49 states and the District of Columbia. Average haul of class I railroads in the United States from 2006 to 2019 (in miles) [Graph]. Last year was the company's first full year of operation since the COVID-19 pandemic began in March 2020. , Joint Petition for Rulemaking with Respect to 49 CFR part 1201, 8 I. Class I Railroads a railroad was classified as a U. -Canada rail freight 2020 Rail intermodal traffic by carload in Canada 2010-2020 A Class 1 Railroad is a freight railroad company in the United States with an operating revenue of over $272. 8%, to $5. CSX can trace its roots all the way back to 1827 when the B&O Railroad was first chartered. 4 Billion Class II and III serve in partnerships with Class I Sep 7, 2021 · 09/07/2021 (Tuesday) [ PDF Version] No. Class I, Track mileage: Association of American Railroads, Railroad Facts (Washington, DC), p. class I freight railroads 2009-2013; (November 30, 2020). 8 billion U. Aug 24, 2023 · U. Are the smallest Class 1 railroads less efficient than … What are the smallest Class 1 railroads STB RCAF 2021Q1 Decision 12 16 2020; 2020Q4. Class I railroads, bringing in a total of just under Nov 20, 2020 · Nov. An optimistic volume outlook, especially for the second half of 2021, plans to improve operational efficiency and take market share away from trucks, and a proposed Class I Canadian railway merger with Kansas City Southern ( NYSE: KSU) were among the key themes expressed Apr 25, 2020 · In addition, railroad operating ratio, or OR, should improve. On the trailing twelve months basis gross margin in 1 Q 2024 grew to 81. For 2019, this number was determined to be 9. Nov 9, 2021 · BNSF Railway Co. When combined, they generated less than $10 billion in revenue. 4 MB) DOT is committed to ensuring that information is available in appropriate alternative formats to meet the requirements of persons who have a disability. Contact: Michael Booth. 34% in Railroad Cost of Capital—2019, EP 558 (Sub-No. 3 billion over 198,554 operating track miles. class I railroads at the end of the year 2009. 5 billion for the quarter was "in line" with Q1 2020, CN officials said in a press release. 869 billion Revenue, $5. Class I railroad if 2020 operating revenues were 900 million U. 3 Jun 20, 2024 · The nearly $80-billion freight rail industry is operated by seven Class I railroads [2] (railroads with operating revenues of $490 million or more) [3] and 22 regional and 584 local/short line railroads. When the Class I railroads reported their fourth-quarter earnings results in January, they anticipated favorable volume expectations for 2021. Class I railroads, far more than any other commodity , but coal tonnage in 2019 was down 46. railroads operated around 254,000 miles and employed 1. Dec 7, 2023 · Chris Guss. A subsidiary of Berkshire Hathaway Mar 15, 2011 · North American railroad companies' revenue ton-miles (RTM) 2023 North American rail freight by commodity type 2020-2022 ; U. Within Transportation sector only one Industry has Figure 1: Operating Expenses, Revenue, and Ratios for Class I Freight Railroads (in Nominal Dollars), 2011-2021 8 Figure 2: Precision-Scheduled Railroading (PSR) Implementation, 1998–2021, and Recent Events Affecting the Freight Rail Network 9 Figure 3: Class I Freight Railroads Revenue-Ton-Miles, 2011– 2021 10 Figure 4: Total Employment by May 29, 2024 · The statistic shows the revenue ton-miles of freight for class I railroads in the United States from 2006 through 2020. How many Class 1 railroads are there in the United States?2. In Montana Rail Link, Inc. Rail companies are responsible for 43% of all intercity freight transportation in the U. For Class I railroad employees, the rate of injuries and fatalities has dropped by 63% since 2000 reaching an all-time low in 2023. Ton-Miles of Freight. Washington, D. 65 & 73 and similar pages in earlier issues. Jul 27, 2020 · NORTH American Class 1 railways have reported a difficult second quarter, as the effects of the coronavirus pandemic caused a reduction in freight traffic. Dale Parks is Vice President of Mechanical at the Aberdeen Carolina & Western Railway Company. 9% in 2019. 1 Billion Revenue. The Board found that five Class I railroads (BNSF Railway Company Railroads have consistently improved their operating ratio (by 7. 5% of total U. They need to up their game by investing in IoT technologies. Sep 6, 2022 · Railway Age provides the revenue adequacy results for 2020, 2019 and 2018 below. 8 billion. Freight Cars In Service* January 1, 2009 U. 3%, to $20. Feb 27, 2021 · OMAHA, Neb. affiliate of Canadian Pacific), and Union Pacific. The pandemic-related collapse of energy prices significantly reduced the price of diesel fuel the 1,500 U. 1% in the 1940s, 3. Updated Sep 4, 2020 Jan 7, 2020 · We look forward to completing the pilot program and to planning for system deployments with this customer and other Class 1 railroads in 2020. The improvement in 2020 came despite the pandemic’s significant impact on traffic and revenue. , & Wisconsin Central Ltd. To understand the strategic and geographic implications of this very important business deal, we must first go back in time. Get the latest information and news about the North American freight rail industry from the AAR, including rail traffic, policy positions and 101 overviews. Gross Margin in 1 Q 2024 was 81. Nov 24, 2020 · Railroad industry news about: Amtrak, fiscal-year 2020, pandemic, Bill Flynn, Tony Coscia. See All In News. 3 billion, but adjusted operating Rail Track Mileage and Number of Class I Rail Carriers United States 1830 2020. 1 billion, as revenue grew 11%, to $2. Rev. Sources: Rand McNally (1898) Miles of railroads in the United States, 1830-1893. Smaller railroads are classed as either Class I railroads account for around 67% of freight rail mileage, 87% of employees and 94% of revenue. greenhouse gas emissions and just 1. [1] Mar 23, 2021 · Weather dents February’s rail volumes and could impact first-quarter results. ”. 49 KB) Notes: Based on the Freight Analysis Framework (FAF) BTS developed a more comprehensive and reliable estimates of ton-miles for the Air, Truck, Rail, Water, and Pipeline modes than are presented in table 1-49. However, the railways remain confident as the economy begins its recovery. Having been in Train Service as a locomotive engineer, he worked his way up to Chief Mechanical Officer. The increased profitability came as overall industry revenue was down 2. 13 %. Two Canadian railroads, CN and Canadian Pacific, have enough revenue that they would be U. 21-39. Which Class 1 railroad is the largest in terms of revenue?3. Today, it is $200. But yesterday’s announcement that Canadian National will acquire the 253-mile Iowa Northern Railway suggests that short lines and regionals getting gobbled up by Class I railroads is now a thing. Jul 22, 2022 · Key Takeaways. Today’s U. -Canada rail freight 2020 Regional Railroad - Regional railroads are line-haul railroads below the Class I revenue threshold that operate at least 350 miles of road and earn at least $20 million in revenue, or line-haul railroads that earn revenue between $40 million and the Class I revenue threshold regardless of mileage. Here you will find a range of financial information including quarterly filings submitted to the U. Genesee & Wyoming Inc. Basic Statistic Operating revenue of U. 2 Aug 31, 2023 · Published by Statista Research Department , Aug 31, 2023. 1% of originated tonnage for U. This content is for paid subscribers only. The acquisition will reduce the number of big “class 1” North American railroads from Nebraska Department of Revenue, Property Assessment Division Nebraska Railroad Tax Report, Form 41 Tax Year 2020 See Legislative Summary 2019 LB 663 amended Neb. 5, 2020). 5 percentage points from 2013 to 2022) — while losing volume (9. Shippers expect 3. In 1989, he took a job opportu Apr 28, 2019 · Canadian Pacific Railway and Kansas City Southern. class I railroads - freight cars in service (owned and leased By Jeff Stagl, Managing Editor. What defines a Class 1 railroad?2. 4 trillion revenue ton-miles of Jun 12, 2019 · At one railroad, the 2013 the fine was $50 a day per car. 4 points since 2012. 89% in R. The Federal Railroad Administration (FRA) yesterday released its full list of 50 projects in 29 states granted funding under the fiscal-year 2020 May 30, 2019 · The class to which a carrier belongs is determined in accordance with the following revenue thresholds: Class I - $447,621,226 or more. Volumes and Revenues. In 2018, the Class 1 railroads collected $1. In 2020, the U. Of the 41 freight and commuter railroads that are federally required to implement positive train control (PTC), all but two are on pace to meet the end-of-2020 U. 7%. Number of employees in the U. ET “US Class I Railroads are line haul freight railroads with 2014 operating revenue of $475. 6 billion, respectively, decreases of $277 million (14%) and $233 million (6%) compared to the same periods in 2019. Class I railroads to be revenue adequate for 2022: BNSF, CSX, Norfolk Southern, Soo Line (the U. [4] May 5, 2020 · BNSF posts Q1 revenue decline on lower volumes. DCL. Stat. 24) (STB served Aug. The first one is Class I, which offers the highest paying railroad jobs, the second is the regional railroads (Class II) and the third are the short lines and terminal railroads (Class III). 4 Jul 2, 2024 · Don't know? 74 of 74. The threshold was reported to be $289. The classes again are broken up via annual revenue, with Class II railroads making anywhere from $40 million up to the Class 1 threshold, and Class III railroads' annual revenue any number below Class 2. 23) (STB served Aug. Jul 9, 2024 · North American railroad companies by revenue 2023. In 2021, the most recent adjustment increased the revenue thresholds to US$943,898,958 for Class I carriers and US$42,370,575 for Class II carriers Jan 13, 2023 · For all of 2022, the railroad transported 1,230,494 riders, up from 159,474 in 2021. Class I. R. Feb 28, 2020 · CSX led Class I railroads in operating ratio in 2019. In 2019, intermodal freight contributed the most to overall revenue generated on U. Operating income for the second quarter and first six months of 2020 was $1. 5 billion and total revenue climbed 12% to $5. Beyond reaching new agreements, the latest employment data demonstrates railroads have continued hiring the workforce necessary to support the supply chain and our employees. average freight revenue per ton-mile in Class I rail traffic stood at 4. 7% of Class I rail revenue in 2019; only intermodal and chemicals accounted for more. After their fourth-quarter Board determined that the 2020 railroad industry cost of capital was 7. yesterday reported third-quarter 2021 net income rose 14% to $1. Top 5 2023 Railroads 1. Ranking 2 nd on this list of the top 10 largest railroad companies in the world list is Canadian National Railway, with a current market value of USD 94. The railroad’s net income fell 5. July 09, 2024. dollars in 2009. 11 %. [ 1] Jul 10, 2024 · TD Cowen Shipper Survey, 2Q24 Earnings Preview. Norfolk Southern had capital expenditure of 1. 2d 625 (1992), the Board's predecessor, the Interstate Commerce Commission, raised the revenue classification level for Class I railroads from $50 million (1978 dollars) to $250 million (1991 dollars), effective for the reporting year beginning January 1, 1992. 24% of. STB found that five Class I’s were also revenue adequate for 2020. four Class I railroads:5 Top 4 Class I Railroads Road Operating Miles Billions of Revenue Ton-Miles Operating Revenue BNSF Railroad 32,445 702 $23. yesterday reported first-quarter net income fell 5 percent to $1. The STB's current definition of a Class I railroad was set in 1992, that being any carrier earning annual revenue greater than $250 million. • Lower Greenhouse Gas Emissions: Greenhouse gas emissions are directly related to fuel consumption. 87 billion U. Below is a map of Class I railroad lines across the US. According to the American Association of Railroads, from 2017 to 2019, Class I capital expenditures — including track, structures, and equipment — totaled $38. long-distance freight volume with a projected 30% growth by 2040, the STB is considering regulations that may impede investment. Sep 10, 2021 · A railroad is considered revenue adequate under 49 U. 161 billion Net Income, 24. 66 %, higher than Industry average. Class II – Revenue between $20M and $250M per year. Aug 22, 2011 · 1. Class II - Less than $447,621,226, but in excess of $35,809,698. S. Cost of Capital—2020, EP 558 (Sub-No. Analysis of 2023 FRA Data per million train miles indicates: Mar 1, 2011 · The statistic shows the capital expenditure of U. Despite the crucial role of railroads, constituting 40% of U. class I railroad operators fell slightly to 26,546 locomotives in 2017, from 26,719 locomotives in the previous year, only to Mar 2, 2022 · In 2021, full-year volumes were 1% lower than pre-pandemic volumes of 2019. BNSF - $20. 50,000 employees, 8,721 locomotives, and 94,284 freight cars. Thus, railroads must focus on revenue growth to supplement cost reduction initiatives. Union Pacific Railroad was the leading U. Union Pacific Railroad – $24. 5% decline in revenue ton-miles). Performance: All data except Locomotive mileage, total and Revenue passenger-carried: Apr 10, 2020 · April 10, 2020. A famous American railroad and a big competitor to Sep 24, 2020 · FRA unveils full list of 2020 CRISI grants. 8 billion, as revenue fell 11. Securities and Exchange Commission, weekly carload reports, quarterly performance summaries, and presentations delivered to investors. Financial Information. Association of American Railroads. 3% from 2008’s peak. Business growth expectations improved while economic confidence stepped down. Still operator of the largest route network of any Class I, Union Pacific is also the only one able to trace its history back to the earliest years of the US railroads May 25, 2023 · Class 2 railroads are often referred to as regional railroads, while Class 3 railroads are known as short line railroads. The Schedule 250 data is used to compute the rate of return on net investment (ROI) for the Class I Railroads, which is used in annual determination of railroad revenue adequacy. is defined as a large freight railroad company and is classified based on an operating revenue of more than $550 million. Sep 29, 2023 · Published by Statista Research Department , Sep 29, 2023. Sep 16, 2021 · Top Railroad Stock #2: CSX Corporation (CSX) 5-year expected annual returns: 5. 6 OR The interconnected freight rail network includes six Class I railroads (railroads with 2021 revenue of at least $900 million). — BNSF Railway’s revenue and profits fell in 2020 due to the pandemic-related declines in traffic volume, the railroad’s corporate parent, Berkshire Hathaway, reported on Saturday. $39. Canadian National Railway. Explore quizzes and practice tests created by teachers and students or create one from your course material. The use of standardized containers has added to the efficiency of the business in moving Other Railroads Class I Railroads U. 7% of transportation- Sep 3, 2020 · Class 1 freight railroads in North America have a terrible reputation for service. This was a slight drop Based on freight revenue, BNSF Railway, Union Pacific Corporation, CSX Corporation, and Norfolk Southern were consistently ranked among the top 20 worldwide freight firms in 2020. Operating revenue generated by Union Pacific Nov 6, 2023 · ContentsWhat are the smallest Class 1 railroads?1. xlsx (36. Up until the late 1980s, there were dozens of Apr 5, 2021 · Michael Booth. multiple stakeholders, freight railroads will deliver a more sustainable future for all. 19 billion, operating income rose 2. class I railroads 2006-2019 Premium Statistic Value of key commodities in the U. Amtrak posted a fiscal-year 2020 operating loss of $801 million on total operating revenue of $2. 3 billion U. Between 1970 and 1979, the rail industry’s return on investment never exceeded 2. From just 13 miles of track, CSX has grown to cover 23 states and more than 20,000 route miles. Local Railroad - Local railroads include Aug 7, 2020 · Union Pacific Railroad Operations. Weekly Rail Traffic for June and the Week Ending June 29, 2024. freight railroads have Notable employee safety statistics include: For all railroads, on-duty fatalities declined 71% since 2000 and reached an all-time low in 2023. Rail industry revenue fell by 50% from 1928 to 1933. Union Pacific: $17bn. A . Apr 27, 2021 · The Class I’s total revenue of CA$3. For reference, the OR is simply operating expenses divided by revenue, so a lower number is better. Meanwhile the time allowed to turn the cars went from 48 to 24 hours. BNSF said that the volume increase in 2021 compared with 2020 is primarily due to continued improvements from the 2020 effects of the pandemic, partially offset by the ongoing disruptions in the global supply chain. They were BNSF, CSX, Kansas City Southern, Soo Line and Union Pacific. 8% in the 1960s. (BTS Special Tabulation) (millions) Embedded Dataset Excel: Dataset Excel: table_01_50_032824. 9%. 4 million in 2023. freight railroads generated some 1. Kansas City Southern Railway3. Included below is the latest operating data from the top four Class I railroads: Jun 29, 2022 · 1. By mid-2021, Class I railways had surpassed railroads in the Asia-Pacific area as some of the biggest railroad firms in the world. Published by Statista Research Department , Aug 31, 2023. He began his Railroad career in 1986 at the Mid Atlantic Railroad in Chadbourn N. The operating ratio at every Class I railroad fell below 65% for the first time in 2019 as the industry average improved to an all-time low of 61. 4%, down from 61. Since 2020, Class I railroads have reached a half-dozen deals with short lines and Mar 23, 2023 · The North American freight rail network is operated by seven Class I railroads, 22 regional railroads and over 580 short line railroads. 3%, to $6. 202-245-1760. Class 1 Railroads are essential for logistics and transportation needs in the Sep 6, 2023 · Written by Marybeth Luczak , Executive Editor. In 2019, coal accounted for 30. 20 2020, Updated 10:44 a. Aug 29, 2023 · The statistic shows the revenue ton-miles of freight for class I railroads in the United States from 2006 through 2020. Freight rail accounts for around 40% of long-distance ton-miles — more than any other mode of transportation. One of these schedules is the Schedule 250 (required under the Annual Report Form R-1). m. 2 million in revenue. Class I Railroads are line haul freight railroads with 2008 operating revenue in excess of $401. Class I railroads if they were U. 1998-2020: Association of American Railroads, Railroad Facts (Washington, DC), pp. Sep 3, 2020, 02:43pm EDT. 8 billion compared with Q3 2020 income and revenue levels. Feb 27, 2024 · Premium Statistic Average haul of U. companies. class I railroads 2006-2019 Value of key commodities in the U. CP’s Creel said there was some pricing weakness recently, but that they still expect to capture 3-4% price increases on a same store sales basis in 2020. On Feb. BTS and Association of American Railroads (AAR). Map of Class I Railroads in the US Jul 8, 2015 · The annual reports also contain multiple schedules. To learn more about Ondas Networks and its rail Mar 13, 2020 · From 2008 through 2009, Class 1 railroads reduced capital expenditures by 15%. 9% and averaged just 2. FedRelay 1 (800) 877-8339. pdf (1. By 1978, the rail share of intercity freight had fallen to 35%. The STB has adjusted these revenue amounts for inflation. 4 million. Pre-tax earnings declined 6. Frequently Asked Questions (FAQs)1. § 77-118 to provide that, for purchases of depreciable tangible personal property made Jul 3, 2024 · A class I railroad in the U. 6, 2021). But these actions are not easily replicable. Those who commented on future pricing said rail inflation plus is the expectation for rate increases on future contracts. 12, 2010, Burlington Northern Santa Fe, LLC, (formerly known as Burlington The Surface Transportation Board (STB) is Congress-mandated to regulate freight railroads in the absence of effective competition. BNSF Railway Co. The rate of return had been falling for decades: it averaged 4. 7% in the 1950s, and 2. 3% and four of the seven Class I systems reported lower revenue. Operating income rose 9% to CA$1. A Class I railroad is considered one of the largest in the network and has an operating revenue of $490 million or more, which is adjusted for inflation each year. 2 billion. 8 Billion CSX Transportation 20,602 209 $11. 8 trillion in 2008. 89%. ” Along with BNSF, the US Class I Apr 7, 2010 · In the past three decades, the actual tons originated by Class I railroads grew about 30 percent, while ton-miles have jumped a whopping 105 percent, reaching 1. Affiliates and Associates include non-Class I and commuter railroads, rail supply companies, engineering firms Aug 10, 2020 · Links to the earnings of the other six Class 1s can be found below each earnings report. 584. 10704 (a) if it achieves a rate of return on net investment (ROI) equal to at least the current cost of capital for the railroad industry. 9 % and Revenue -2. Lost volume has largely been coal (which will decline 35-40% by 2040), with flat volumes in intermodal and industrial products. All of NS’s business segments grew during the year as volume bounced back from 2020 pandemic-related lows. Class I – Revenue greater than $250M per year. Read more Jan 26, 2022 · Volume was up 5% in 2021, led by double-digit increases in coal, metals and construction, and chemicals traffic. S Final Standards, Classification, and Designation of Lines of Class I Railroads in the United States, Vol I. Following are the 2020 Class I ROIs (railroads in bold were revenue adequate): Mar 20, 2021 · Here are several interesting 2020 financial metrics for the seven Class I railroads for information and discussion: FY20 Results of Revenue, Net Income, Net Income as % of Revenue, and Operating Ratio. Average haul of U. It’s hard to say when a trend becomes a trend. 4 U. Freight revenue came in at $85. ) Sep 29, 2023 · Following a period of consistent growth, the locomotive fleet of U. C. Class I employment in April 2023 reached 121,391, marking an impressive 8. 0%. 1 million or less. Quiz yourself with questions and answers for LSCM 4560 Exam #2 2020, so you can be ready for test day. (Today’s Class Is control two-thirds of the total U. Mar 1, 2021 · The average operating ratio stood at 60. 47. 2. To be recognized as a Class I railroad, the company has to have a minimum of $433. Note: A Class I railroad is a large rail operator. class I freight railroad company in 2023, generating just under 23. For the fourth quarter, operating income rose 15%, to $1. Interstate Commerce Commission (ICC), Statistics of Railways in the United States. 7 billion and $3. dollars or more. 0 million. U. 9 Billion Norfolk Southern (NS) 19,420 207 $11. 4 Billion Union Pacific (UP) 32,236 474 $22. rail network. Rail mileage had already peaked (in 1916), and rail employment would soon (around 1920). 2% increase since January 2022 and the highest level since April 2020. um xa pf vp ki an lg sy mp ep