Client anger as US Class I railways report huge earnings despite poor service
Results from three of the top four US Class I railways for the past year ...
That’s no small change – after reportedly scooping up half of the growth in intermodal volumes in the US last year, the box rail company now owned by legendary investor Warren Buffett has outlined a $5bn expenditure plan for this year, up 20% on last year’s investment. The lion’s share will go to track and terminal upgrades, with its loco and rolling stock fleets also set to be expanded as it expects further volume growth this year.
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