Industry Data > Economic Data: Financial & Statistical Reports

Complete R-1 Railroad Annual Reports
Complete Class I Railroad Annual Reports  (Form R-1) are available in Adobe Acrobat PDF format for each Class I U.S. railroad beginning with 2005. 

Statistics of Class I Freight Railroads in the United States
Statistics of Class I Freight Railroads in the United States are available for 2004 and prior years.

R-1 Schedule 250
R-1 Schedule 250 is used to develop return on investment for consolidated railroad systems for use in revenue adequacy determinations. For more information, please contact Pedro Ramirez at (202) 245-0333 or at economic.data@stb.dot.gov.

Form STB-54 - Annual Report of Cars Loaded and Cars Terminated
All Class I railroads are required to submit to the Surface Transportation Board (STB) an Annual Report of Cars Loaded and Cars Terminated (Form STB-54). Form STB-54 requires Class I railroads to report the number of cars loaded and terminated, by car type, during each calendar year and is due 90 days after the end of the reporting year (March 31). The data are required to support the Uniform Railroad Costing System (URCS). URCS is the STB's general purpose railroad costing system which is used to develop estimates of Class I railroad costs for a variety of STB functions. For more information, please contact Pedro Ramirez at (202) 245-0333 or at economic.data@stb.dot.gov. Click here to view.

Annual Compilation of Wage Statistics of Class I Railroads in the United States
Annual Compilation of Wage Statistics of Class I Railroads in the United States is a compilation of the number of employees, service hours, compensation, and mileage run of Class I railroads is available online.

Quarterly Selected Earnings Report
The Selected Earnings Data report is compiled quarterly from Class I railroad quarterly reports (Form RE&I and Form CBS) and compiles earnings data on both a quarterly and year-to-date basis for all Class I railroads and is available on line. This information consists of railway operating revenues, net railway operating income and net income obtained from the "Quarterly Report of Revenues, Expenses & Income - Railroads" (Form RE & I). The report also displays revenue ton miles of freight obtained from the "Quarterly Condensed Balance Sheet - Railroads" (Quarterly Selected Earnings).

Quarterly Revenue, Expense and Income (RE&I)
This is a report of railroad operating revenues, operating expenses and income items. This report discloses net railway operating income on a quarterly and year-to-date basis for the current and prior year. The report is not verified by the STB. The quarterly data are available here from 2011.

Quarterly Condensed Balance Sheet (CBS)
This shows the balance at the end of each quarter for the current and prior year of the railroad's assets and liabilities; gross capital expenditures on quarterly and cumulative bases for the current and prior year; and revenue tons on quarterly and cumulative bases for the current and prior year. This report is not verified by the STB. The quarterly data are available here from 2011.

Annual and Quarterly Freight Commodity Statistics (QCS)
This reports car loadings and total revenues by commodity code for each commodity transported by a particular railroad during the reporting period. It is based on information contained in Waybills used by railroads in the ordinary course of business. The report is not verified by the STB. The quarterly and annual Freight Commodity Statistics are available here from 1st Qtr. 2011 and later.

Quarterly Wage Form A & B
This shows the number of employees, service hours and compensation, by employee group (executive, professional, maintenance-of-way, equipment and transportation) of reporting railroads. This report is not verified by the STB. The quarterly and annual data are available here from 2011.

Employment Data - Monthly Report of Employees
This shows, for each reporting railroad, the average number of employees at mid-month in the six job classification groups (executive, professional, maintenance-of-way, equipment and transportation/train and engine and transportation/other than train and engine), encompassing all railroad employees, and is available "Employment Data". This report is not verified by the STB. The monthly data are available here from 1997.

Commodity Revenue Stratification Report
This report shows the revenue and URCS variable costs by two-digit STCC code for each of three Revenue-to-Variable Cost (RVC) Ratio categories. This report has historically been created as part of Ex Parte 347 (Sub-No. 2) – Rate Guidelines – Non-Coal Proceedings and its calculation of the “Revenue Shortfall Allocation Method” (RSAM) percentage and the “Average Revenue-to-Variable Cost > 180” (R/VC>180) percentage. Those reports are available here for 2002 and later.

5-Digit STCC Expanded version of Commodity Revenue Stratification Report
The Board's Office of Economics has released an expanded version of its Commodity Revenue Stratification Report.  This report shows the revenue, variable costs, tons, and carloads associated with many combinations of car type and five-digit Standard Transportation Commodity Code (STCC).  Data are withheld for some of those combinations to protect confidentiality.  The report may be of interest to shippers trying to benchmark their rates; the reports for 2008 through 2014 are available here.   We will continue to release the two-digit STCC code version of this report as well.

7-Digit STCC Expanded Version of Commodity Revenue Stratification Report
The STB’s Office of Economics has released a new, expanded version of its Commodity Revenue Stratification Report. The report continues to show revenue, variable costs, ton, and carload data, but now does so by different combinations of railcar type and by seven-digit Standard Transportation Commodity Code (STCC). The report also shows the number of movements and average mile per carload data. (Some data has been redacted to protect confidentiality where necessary.) These changes will provide stakeholders with more detailed information about rail shipments, and may be of particular interest to shippers that would like to benchmark the rates they are paying for railroad transportation.

NOTE: For reference purposes, the title of the five-digit report, “Expanded version of Commodity Revenue Stratification Report,” currently on the STB’s website will be changed to read, “5-Digit STCC Expanded Version of Commodity Revenue Stratification Report” for consistency with the titling of the current two-digit report and the new seven-digit report. To view the seven-digit report for 2013, click here. To view the seven-digit report for 2014, click here.

2-Digit STCC Summary Statistics Report
This report shows the number of Waybill records, carloads, tons, revenue, ton-miles, car-miles, tons per car, revenue per ton, revenue per car, revenue per ton-mile, and length of haul associated with each two-digit Standard Transportation Commodity Code (STCC) from 2010 onward.  Data are withheld for some of those STCC/year combinations to protect confidentiality. The spreadsheet is available here.

Quarterly Report of Rail Fuel Surcharges
This quarterly report is designed to provide an overall picture of the use of fuel
surcharges by Class I railroads. It is due 30 days after the end of each quarterly reporting period. This report is available here beginning with the quarter ending December 31, 2007.

Deflator Factors
Deflator Factors are used to adjust railroad annual operating revenues for classification purposes. This index methodology insures that railroads are classified on actual business expansion and not due to the effects of inflation. The deflator factors are available here.

Rail Rate Study
Periodically, the STB’s Section of Economics distills its data and analysis of freight rail rates into formal reports that are shared with the Board and the public. The studies include discussions of the key factors behind rate increases or decreases, as well assessments of the impact of rate changes on shippers, consumers, and the Nation as a whole. These studies are available here.

Schedule 410 for Years 2005-2009
Schedule 410 of the R-1 for the years 2005-2009 is available in this spreadsheet.

Revenue Shortfall Allocation Method (RSAM)
Revenue Shortfall Allocation Method (RSAM), measures the average mark up that the railroad would need to charge all of its “potentially captive” traffic in order for the railroad to earn adequate revenues as measured by the Board under 49 U.S.C. § 10704(a)(2). RSAM 2014 2011 Tables and 2014 RSAM Computation.

Docket No. Ex Parte 558 Railroad Cost of Capital
The Cost of Capital figure represents the Board’s estimate of the average rate of return needed to persuade investors to provide capital to the freight rail industry.  The cost-of-capital figure, which is calculated each year, is an essential component of many of the agency’s core regulatory responsibilities.  Click here to view.

Docket No. Ex Parte 552 Railroad Revenue Adequacy
The Board’s annual determination of railroad revenue adequacy under 49 U.S.C. § 10704(a)(3) is made in accordance with the standards and procedures developed in Standards for Railroad Revenue Adequacy, 364 I.C.C. 803 (1981), Standards for Railroad Revenue Adequacy, 3 I.C.C. 2d 261 (1986), and Supplemental Reporting of Consolidated Information for Revenue Adequacy, 5 I.C.C. 2d 65 (1988).  Pursuant to those procedures, which are essentially mechanical, a railroad is considered revenue adequate under 49 U.S.C. § 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. Click here to view.

Docket No. Ex Parte 290 (Sub No. 5) Quarterly Rail Cost Adjustment Factor
The rail cost adjustment factor (RCAF) is an index formulated to represent changes in railroad costs incurred by the nation’s largest railroads over a specified period of time.  The statute requires the Surface Transportation Board (Board) to publish the RCAF on at least a quarterly basis.  Each quarter, the Association of American Railroads computes three types of RCAF figures and submits those figures to the Board for approval.  Click here to view.

Docket No. Ex Parte 290 (Sub No. 4) Rail Cost Recovery Procedures- Productivity Adjustment
Each year the Board calculates the change, if any, in the rail industry’s productivity, i.e., how efficiently railroads move freight.  The Board calculates this figure by comparing year-to-year the average cost of producing a unit of railroad output. Click here to view.

Ex Parte No. 460 - Certification of Railroad Annual Report By
Independent Accountant
In Ex Parte No. 460- Certification of Railroad Annual Report R-1 By Independent Accountant decided October 11, 1985, each Class 1 railroad is required to submit a report from an independent accountant stating that specified data in the railroad's R-1 Annual Report of Finances and Operations have been examined, using agreed-upon procedures and have been found to be in compliance with the Uniform System of Accounts for Railroad Companies, Title 499 CFR Part 1201. To review current procedures click here.

Rail Service Outlook Plans ("Peak Season")
Since 2004, the Chairman of the Surface Transportation Board has annually requested that the railroad industry explain its plans to handle the increased traffic volumes associated with the traditional fall "peak season."  To view the Chairman's letters and the railroads' responses from each year, click here.

Carloads and Tons by State
This report shows the number of carloads and number of tons that either originate, terminate, or pass through each state, as determined from STB’s confidential Waybill Sample for each year starting with 2012. States with too few railroads or too few railroad customers in any particular year have been redacted for reasons of confidentiality. Please click here to view the report.

Blank forms
These may be viewed or downloaded from our web site by clicking on the following links:

For more information, please contact Pedro Ramirez at (202) 245-0333 or at
economic.data@stb.dot.gov.