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The Number of Revenue-Sufficient Railroad Companies in the U.S. Has Risen to Four.
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In the U.S., four Class A rail companies – BNSF, CSX, Norfolk Southern, and Union Pacific – have surpassed the revenue eligibility threshold set for 2025. According to results released by the Surface Transportation Board (STB), the number of companies meeting the 9.79% cost of capital requirement increased from two in 2024 to four. The STB made its 2025 revenue eligibility decision on October 7th…
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