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CN reports Q1 2023 financial results

(Source: Railway Age, April 24, 2023) In the first quarter of 2023, CN reported revenues of C$4.313 billion, up C$605 million or 16% from first-quarter 2022’s C$3.708 billion. The Class I reported that this first-quarter record “was mainly due to higher fuel surcharge...

Class I employment increase continued in March

(Source: Progressive Railroading, April 21, 2023) Class Is operating in the United States employed 120,668 people in March, a 0.38% increase over February’s employment level and a 4.88% increase year over year, according to Surface Transportation Board data. Five of...