Rail employment in the U.S. Class I operations fell below 120,000 workers in May, reaching a new low as the railroads trimmed their workforce levels to match the steep declines in rail volumes.
May’s overall headcount among the U.S.operations of the Class I railroads totaled 118,880, a 16.9% drop from May 2019 and a nearly 4.5% decline from April 2020, according to freight rail data submitted to the Surface Transportation Board (STB). The total is the lowest since at least January 2012, which is...
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