Rail Industry Overview and Trends condensed 10-17-2006

8/3/2019 Rail Industry Overview and Trends condensed 10-17-2006

1/27

FVFOQ 9114 Vjl Jlsnlkn Vljtmb{ @klh Ojgnynv NFnllny $ Bmm" Klf, :;55/9114 xxx,vljtmb{/`klh,fno

V@Vljtmb{ @klh Ojgnynv NFnllny $ Bmm

Mfnlnokf jlc Ojljhmomls Fnlv}bsjlsv

Yjkb Klc}vsy{ Ntmytkmx jlc Symlcv

J Ymqnys sn FVFOQ 9114

Sno NFnllnyVljtmb{ @klh Ojgnynv NFnllny $ Bmm

:::: :3se Vs, LX V}ksm 611

Xjveklhsnl" CF 9111=Qenlm 919 68:/;:3; mojkb v`onbsno:Ajnb,fno

Nfsnimy :8" 9114


2/27




Dn}y @m{ Yjkb Symlcv

K Klsmyoncjb7 Cyjojskf klfymjvmv V}yhklh hynxse kl Jvkjlmfnlnokmv bmjcv sn ekhemy ]V yjkb tnb}om xkse bnxmy yjkbqyndksv qmy }lks

/ Fjqjfks{ kv j `m{ kvv}m

KK Yjkb Mfnlnokfv7 Fnvsv Jlc Yjsmv/ Semky }vm kl lmhnskjsknlv jlc ymh}bjsny{ vmssklhv

KKK Yjkb Ymh}bjsknl jlc Fnoqmsksknl

D}mb V}yfejyhmv Bmhkvbjsktm jlc Ymh}bjsny{ Klkskjsktmv

KT, Omyhmyv Jlc Vsyjsmhkf Jbbkjlfmv omyhmyv oj{ im fnoklhjlc vsyjsmhkf jbbkjlfmv ejtm jbymjc{ jyyktmc


3/27




K, Ojfyn Yjkb Klc}vsy{ Ntmytkmx

Klfymjvklh koqnysjlfm nd Klsmyoncjb Ymbjsktmb{ xmj`my qyndks qnvksknl nd Klsmyoncjb yjkb

klc}vsy{ xkcm0 ILVD jqqmjyv sn im jl mufmqsknl

Vsyjsmhkf Jbbkjlfmv nd Yjkb jlc Sy}f` Vfelmkcmy jbbkmv xkse ILVD jlc xkse FVU kl Klsmyoncjb

GI E}ls dkyvs z}jysmy ymtml}m xjv 3: - Klsmyoncjb

Klsmyoncjb lnx 96- nd Yjkb Ymtml}m" onym sejl Fnjb Ymbjsktm fnvs jctjlsjhm nd yjkb ntmy sy}f` klfymjvmv jv

d}mb fnvs ykvmv


4/27




Ymfmls Symlc7 Klfymjvklh koqnysjlfm nd Klsmyoncjb

Gjl 14 sn J}h 147 Klsmyoncjb }q 4,3- jlc Fjybnjcv }q :,=-

Yjkbynjcv Q}yv}mc Klsmyoncjb Fnvs V}ivkc{ i{ Dmcmyjb

Hntmylomls / J ymvqnlvm sn Ymtml}m Fnlvsyjklsv nl Klsmyoncjb,


5/27




Bnlh Smyo Symlc7Klfymjvklh koqnysjlfm nd Klsmyoncjb

Klsmyoncjb hynxse fjl jivnyi yjkbynjc fjqjfks{

jlc f}s klsn fjybnjc vmytkfm

Vn}yfm7 JJY" Syjddkf Xnybc


6/27




Sem Ekhexj{ Lmsxny`7 Jqqynjfeklh jlc Mufmmcklh Fjqjfks{,

Ekhexj{v ntmy/fjqjfks{ jym venxl kl ymc dny :;;5 jlc dnymfjvs 9191

Ekhexj{v jqqynjfeklh fjqjfks{ venxl kl ib}m dny :;;5 jlc dnymfjvs 9191

Fejys Vn}yfm7 Ijsmbbm

:;;5 9191


7/27




Djfsnyv Jddmfsklh Yjkbynjc Fjqjfks{ Kl Sem

D}s}ym7 Koqnys.Muqnys Jlc Klsmyoncjb

Klfymjvklh }vm nd ijf` ej}b sn ymc}fm fnvsjlc klfymjvm fjqjfks{

Synqkfjlj ijf` ej}bklh nsemy qync}fsv sn DB

Qyngmfsmc hynxse kl Klsmyoncjb kv inse

xmbfnom jlc j fnlfmyl sn Yjkbynjcv

Tnb}om bmtmbv }q jlc qyndks bmtmbv cnxl


8/27




Bnlh Smyo Vekdsv Kl Qync}fsknl Ejtm J Ojgny Koqjfs NlCnomvskf Syjlvqnysjsknl

Omukfn kv sem vmfnlc bjyhmvs ]V syjcm

qjyslmy jlc ejv hynxklh koqnysjlfm

kl syjcm xkse Jvkj

Fnlskl}mc Koqjfs Nl Dymkhes Dbnxv

Nd Bnlh Smyo Vekdsv Kl Cnomvskf

Klc}vsykjb Qync}fsknl

]V Syjcm Cmdkfks xkse Feklj xjv #919

Ikbbknl kl 911=

]V Syjcm Ijbjlfm Xjv Y}llklh Js

Jll}jb Cmdkfks Nd #846 Ikbbknl Jv Nd

Jqykb 9114

4,3- Ekhemy Sejl Sem Ymfnyc #8:8

Ikbbknl ]V Syjcm Cmdkfks Kl 911=

#1

#91

#31

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:;;3 :;;= :;;4 :;;8 :;;5 :;;; 9111 911: 9119

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Syjcm Ijbjlfm %ykhes jukv+ Muqnysv %bmds jukv+

Koqnysv %bmds jukv+ Syjcm Ijbjlfm Symlc Bklm

Vn}yfm7 ]V Cmqjysomls nd Fnoomyfm

Femokfjb I}vklmvv7 qmyvkvsmls vekdsv nd

cnomvskf qync}fsknl ntmyvmjv


9/27




Bnlh Smyo Vekdsv Kl Qync}fsknl Ejtm J Ojgny Koqjfs NlKlsmyoncjb Tnb}omv jlc Qnys Fnlhmvsknl

Fnlskl}mc Koqjfs Nl Dymkhes

Dbnxv Nd Bnlh Smyo Vekdsv Kl

Cnomvskf Klc}vsykjb Qync}fsknl

]V syjcm venxmc j cmdkfks

xkse Feklj nd #:;,4 ikbbknl kl

G}b{ 91140 :9 onlsev js sekv

bmtmb xn}bc {kmbc j ]V cmdkfks

nd #931 ikbbknl0 91- jintm

sem ]V cmdkfks kl 911= Onlseb{ ]V cmdkfks xnybcxkcm

xjv #45,1 ikbbknl kl G}b{ 9114

]V Cmdkfks


10/27




KK, Yjkb Mfnlnokfv7 Fnvsv Jlc Yjsmv

Fnooncks{ Fnoqjykvnl Fnoqjym yjkb yjsmv sn nsemy yjkb vekqomlsv nd sem vjom fnooncks{

[mjy ntmy [mjy fnoqjykvnl

Fnoqjym {mjy ntmy {mjy fejlhm kl yjkb yjsm

Yjkb Qyndksjikbks{0 Ymtml}m Fnvs Yjsknv %YFY+

YFY kv Ymtml}m cktkcmc i{ tjykjibm fnvs

YFY mvskojsmv sem qyndks sem yjkbynjc ymjbkwmv dyno mjfe yjsm,

YFY kv }vmc dny ymh}bjsny{ q}yqnvmv js sem V}ydjfm Syjlvqnysjsknl

Injyc %VSI+


11/27




Sem Qynd ks jikbks { nd ]V Yjkb Vekqo mlsv Tjy kmv X kcm b{jv omjv}ymc i{ Yjkb Ymtml}m ckt kcmc i{ Yjkb Fnvs %YFY+

Ymtml}m Fnvs Yjsknv7 Fnoonckskmv xkse #9 Ikbbknl ny Onym kl

Ymtml}mVn}yfm7 VSI0 9113 Xj{ikbb Vjoqbm

:=1-

:3=-

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1- 91- 31- 41- 51- :11- :91- :31- :41- :51-

Djyo qync}fsv

Fnjb

Dnnc jlc `klcymc qync}fsv

Femokfjbv

Syjlvqnysjsknl mz}kqomls

Okvf, okumc vekqomlsv mu,

dnyxjyc

Snsjb Yjkb Dymkhes

Ymtml}m Fnvs Yjskn7

Yjkb Ymtml}m Cktkcmc i{ Yjkb Tjykjibm Fnvs


12/27




Ymtml}m Fnvs Yjskn kv yjkbynjc ymtml}m jv j qmyfmlsjhm nd yjkbynjc fnvs,

Okvf, Okumc kv Qykojykb{ Klsmyoncjb

Ymtml}m Fnvs Yjskn kv yjkbynjc ymtml}m jv j qmyfmlsjhm nd yjkbynjc fnvs,

Okvf, Okumc kv Qykojykb{ Klsmyoncjb

Fnltmysklh Femokfjb Vekqomlsv Dyno Cnomvskf Yjkb Fjybnjc sn

Klsmyoncjb Koqnys Fjl Bmjc sn Cyjojskf Fejlhmv kl Yjkb Yjsmv

Fnltmysklh Femokfjb Vekqomlsv Dyno Cnomvskf Yjkb Fjybnjc snKlsmyoncjb Koqnys Fjl Bmjc sn Cyjojskf Fejlhmv kl Yjkb Yjsmv

Dyno Sekv

Sn Sekv


13/27




KKK, Yjkb Ymh}bjsknl jlc Fnoqmsksknl

Klkskjsktmv Js V}ydjfm Syjlvqnysjsknl Injyc %VSI+Sxn ojgny VSI klkskjsktmv xkbb koqjfs Vekqqmyv

D}mb V}yfejyhm

Yjkbynjcv Ymqnysklh D}mb Ymtml}m jlc Fnvs snVSI

D}mb V}yfejyhm bkl`mc sn D}mb Fnvs

Vojbb Vekqomls Yjsm Fjvm J Y}bmoj`klh snymcmdklm qynfmc}ymv

Ymdbmfsv j onym qynjfsktm jqqynjfe


14/27




911= Jtmyjhm D}mb V}yfejyhm Fnoqjymc sn 911= Fejlhm kl D}mb Fnvs

::-

:6- :6- :6-

::-

:9-

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9-

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3-

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3-

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ILVD FVUS @FV LV ]Q Snsjb

911= Jtmyjhm D}mb V}yfejyhm Fejlhm kl D}mb Fnvs jv - nd Snsjb Fnvs

Vn}yfm7 Yjkbynjc VMF dkbklhv jlc Fnoqjl{ xmivksmv


15/27




D}mb v}yfejyhmv fbjkomc i{ sem ILVD jlc sem ]Q jym tkys}jbb{ kcmlskfjb,

D}mb v}yfejyhmv fbjkomc i{ @FV" LV jlc FVUS jym jbvn tkys}jbb{ kcmlskfjb,

Kl fnlsyjvs xkse sekv }lkdnyoks{" d}mb fnvs jv j qmyfmls nd nqmyjsklh fnvs ckddmyv xkcmb{

]V Fbjvv K Yjkbynjc D}mb V}yfejyhm7 IL jlc ]Q

1,1-

9,1-

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4,1-

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ILVD ]QVn}yfm7 Fbjvv K

Yjkbynjc Xmivksmv

]V Fbjvv K Yjkbynjc D}mb V}yfejyhm7 FVUS LV jlc @FV

1,1-

9,1-

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FVUS LV @FV

Vn}yfm7 Fbjvv K Yjkbynjc

Xmivksmv

Vn}yfm7 Yjkbynjc VMF dkbklhv jlc Fnoqjl{ xmivksmv


16/27




Yjkb Fnvsv jv omjv}ymc i{ YFJD jym tmy{ vkokbjy xkse jlc xksen}s d}mbYFJD/J kv Yjkb Fnvs Jcg}vsmc dny Qync}fsktks{

Fnvsv jlc Qync}fsktks{ jlc D}mb jbb jv Omjv}ymc i{ Yjkb Klc}vsy{

1,311

1,511

:,911

:;;3

:;;3

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9111

9111

911:

911:

9119

9119

9116

9116

9113

9113

911=

YFJD/] kv Yjkb Fnvs Jcg}vsomls Djfsny Xksen}s Ymdbmfsklh Qync}fsktks{ Hjklv

YFJD ] %]ljcg}vsmc+ YFJD J %Jcg}vsmc+

YFJD/] Bmvv D}mb ]l Jcg}vsmc Dny Qync}fsktks{ YFJD/J bmvv d}mb Jcg}vsmc Dny Qync}fsktks{

YFJD/] 9119 Z3 ?:11

Jcg}vsmc ny ]ljcg}vsmc" Semym kv Bkssbm Ckddmymlfm ImsxmmlYFJD Xkse D}mb jlc YFJD xksen}s D}mb


17/27




Yjkbynjc Dkljlfkjb Qmydnyojlfm

]lknl Qjfkdkf" sem bjyhmvs ]V yjkbynjc

81 qmyfmls hynxse kl 911= lms klfnom sn #:,16 ikbbknl"

Ymtml}m g}oqmc :: qmyfmls sn #:6,4 ikbbknl,

I}ybklhsnl Lnysemyl Vjlsj Dm" vmfnlc/bjyhmvs ]V yjkbynjc"

;6 qmyfmls hynxse kl 911= lms klfnom sn #:,= ikbbknl"

Ymtml}m nd #:6 ikbbknl" }q :; qmyfmls" dny 911=,

FVU" sem sekyc bjyhmvs ]V yjkbynjc

968 qmyfmls hynxse kl 911= lms klfnom sn #:,9 ikbbknl

Ymtml}m klfymjvmc 8 qmyfmls sn #5,4 ikbbknl,

Lnydnb` Vn}semyl" sem dn}yse bjyhmvs ]V yjkbynjc

6; qmyfmls hynxse kl 911= lms klfnom sn #:,6 ikbbknl

Ymtml}m ynvm :8 qmyfmls sn #5,= ikbbknl,


18/27




KT, Omyhmyv jlc Vsyjsmhkf JbbkjlfmvOjgny ]V Qnysv Jlc Omsynqnbksjl Jymjv

Xkse Qnq}bjsknlv Hymjsmy Sejl : Okbbknl Qmnqbm


19/27




Yjk b vmyt kfm t kj

Omu kfjl Qny s v kv jYmvqnlvm s n ]VX mvs Fnjvs qn y sfnlhmv s knl

Sem Omu kfjlq n y s v j l c s e m O m y k c k j lVq mmc x j{ Gn kl sB klm b k l` v sn LV

j l c s j y h m s vvmyt kfm sn MjvsFnjvs qnq} bj s knlfml s m yv jlcy j q kc b { h y n x k l hK l s m y o n c j b

d ym k he s

Sekv fn} bcd n y mve j cn x o j g n yv e kd s v k l y j kb d b n x v

Qny s v n dBnv Jlh mbmvjlc BnlhImjfe

ejlc bm 7

8 1 - n dfj yhno n t k l hi m s x m m l

Jvkj jlcse m ]V

3 1 - n ds n sj b nfmjlfjyhnve kqqmc s n]V mtmy {{mj y d ynos e m x n y bc ,

KT, Omyhmyv Jlc Vsyjsmhkf Jbbkjlfmv


20/27




@FV Mvskojsmv


21/27




Onvs Nivmytmyv Vmm Tkys}jbb{ ln Lmsxny`Ymc}lcjlf{ bmds kl sem Yjkb V{vsmo

Vmhomlsv nd ojl{ ojklbklmv js fjqjfks{

Nqmyjsklh kvv}mv kl vnom smyokljbv

Ymf}yyklh venysjhm nd fymxv c}m snymsmlsknl jlc syjklklh fejbbmlhmv

Lmmc sn jfz}kym jlc ymdks bnfnonsktmv

Sem Yjkbynjc Omsykfv smbb sem Vsny{


22/27




Yjkb Omyhmyv7 Bmvvnlv dny sem d}s}ym

Fnlskl}mc ekhe cmojlc

Syjddkf kv }q

Dymkhes tnb}omv muqmfsmc sn cn}ibm kl 91 {mjyv

Klfymjvklhb{" lmx ekhexj{v jym j lnl/vsjysmy Yjkbxj{v xkbb ejtm j ikhhmy ynbm

Kd sem{ fjl cn sem gni

Vsyjsmhkf Jbbkjlfmv Jym jl Jbsmyljsktm sn Omyhmyv

Vn}yfm7 Gko OfFbmbbjl LV Vy, TQ Vsyjsmhkf Qbjllklh G}lm 9113

Vn}yfm7 Sno NFnllny TQ V@ Nfsnimy 9114


23/27




]Q

FQ

@FV

FL

ILVDLV

FVU

SDO

Ojgny Klcmqmlcmls Yjkbynjcv

DUM


24/27




]Q

FQ

@FV

FL

ILVD

LV

FVU

DUM

H

Jbbkjlfm

Ojgny Klcmqmlcmls YjkbynjcvVenxklh Vnom nd sem Yjkb Vsyjsmhkf Jbbkjlfmv

SDO


25/27




Dn}y @m{ Yjkb Symlcv

K Klsmyoncjb7 Cyjojskf klfymjvmv V}yhklh hynxse kl Jvkjl

mfnlnokmv bmjcv sn ekhemy ]V yjkb tnb}om xkse bnxmy yjkbqyndksv qmy }lks

/ Fjqjfks{ kv j `m{ kvv}m

KK Yjkb Mfnlnokfv7 Fnvsv Jlc Yjsmv/ Semky }vm kl lmhnskjsknlv jlc ymh}bjsny{ vmssklhv

KKK Yjkb Ymh}bjsknl jlc Fnoqmsksknl

D}mb V}yfejyhmv Bmhkvbjsktm jlc Ymh}bjsny{ Klkskjsktmv

KT, Omyhmyv Jlc Vsyjsmhkf Jbbkjlfmv omyhmyv oj{ im fnoklhjlc vsyjsmhkf jbbkjlfmv ejtm jbymjc{ jyyktmc


26/27




Ijf`hyn}lc nl Vljtmb{ @klh

Vljtmb{ @klh Ojgnynv NFnllny $ Bmm ejv qyntkcmc fnlv}bsklh vmytkfmv sn sem

Yjkb Klc}vsy{" yjkb vekqqmyv jlc e}lcymcv nd nsemy fbkmlsv kl syjlvqnysjsknl"

smbmfnoo}lkfjsknlv jlc }skbkskmv kl sem ]V" Fjljcj jlc Ntmyvmjv,

Dny onym sejl seymm cmfjcmv V@ ejv i}kbs ksv v}ffmvv nl cmtmbnqklh jlc jqqb{klh

qyjfskfjb ojy`ms jlc mfnlnokf vnb}sknlv dny ksv fbkmlsv,

Sem dkyo(v dkljlfkjb jlc vsyjsmhkf jctkfm kv ijf`mc i{ sem qyndmvvknljb vsjdd(v

xkcm muqmykmlfm kl cmvkhlklh jlc jqqb{klh i}vklmvv vnb}sknlv" mtjb}jsklh

fnyqnyjsm syjlvjfsknlv" jljb{wklh vsjys/}q fnoqjlkmv" jlc kl qyntkcklh vsyjsmhkf

qbjllklh vmytkfmv sn fnoomyfkjb" klvsks}sknljb jlc hntmylomls fbkmlsv,

Kl onym sejl 9"111 qyngmfsv" sem jljb{vmv jlc muqmys jctkfm qyntkcmc i{ V@ ejtm

vkhlkdkfjlsb{ jvvkvsmc inse qyktjsm jlc q}ibkf vmfsny fbkmlsv,


27/27




Sno NFnllny Sno NFnllny kv Tkfm Qymvkcmls nd Vljtmb{ @klh Ojgnynv NFnllny $ Bmm" jl mfnlnokf jlc

ojljhmomls fnlv}bsklh fnoqjl{, Em ejv imml mlhjhmc kl sem i}vklmvv nd mfnlnokf jljb{vkv dny onym

sejl sekys{ {mjyv" imhkllklh jv jl mfnlnokvs xkse sem Klsmyvsjsm Fnoomyfm Fnookvvknl %lnx sem V}ydjfm

Syjlvqnysjsknl Injyc+ jlc v}ivmz}mlsb{ kl mfnlnokf fnlv}bsklh jlc ojljhmomls qnvksknlv nd klfymjvklh

ymvqnlvkikbks{ xkse7

Sem ]lksmc Vsjsmv Yjkbxj{ Jvvnfkjsknl jv Ojljhmy nd Bnfjb Yjkb Vmytkfmv Qbjllklh

Fnlyjkb jv Jvvkvsjls Ckymfsny nd Fnvsv jlc Mfnlnokfv

Jvvnfkjsknl nd Jomykfjl Yjkbynjcv jv Jvvkvsjls Tkfm Qymvkcmls nd Mfnlnokfv

CLV Jvvnfkjsmv jv Tkfm Qymvkcmls" jlc vklfm :;55 xkse

Vljtmb{ @klh Ojgnynv NFnllny $ Bmm jv Tkfm Qymvkcmls

Sno NFnllnyv qyjfskfm fmlsmyv nl syjlvqnysjsknl xkse vqmfkdkf dnf}v nl lmhnskjsknlv jlc kldyjvsy}fs}ym

kvv}mv klfb}cklh yjsknljbkwjsknl jlc ymcmvkhl nd sem yjkbynjc kldyjvsy}fs}ym kl sem ]V jv xmbb jv ymi}kbcklh

nd sem yjkbxj{ kldyjvsy}fs}ym kl Mjvsmyl M}ynqm,

Oy, NFnllnyv xny` kl sem Ijb`jlv kl Mjvsmyl M}ynqm dnf}vmc nl inse syjlvqnysjsknl jlc

smbmfnoo}lkfjsknlv,

Sno NFnllny ejv qyntkcmc smvskonl{ nl j xkcm yjlhm nd kvv}mv kl qynfmmcklhv imdnym fn}ysv jlc

ymh}bjsny{ fnookvvknlv kl sem ]lksmc Vsjsmv jlc Fjljcj klfb}cklh7

Klsmyvsjsm Fnoomyfm Fnookvvknl0 V}ydjfm Syjlvqnysjsknl Injyc0 ]lksmc Vsjsmv Yjkbxj{ Jvvnfkjsknl0 Ymh}bjsny{

Fnookvvknlv kl Lmx [ny`" Klckjlj jlc Qmllv{btjlkj0 Vsjsm Fn}ysv kl Klckjlj" Onlsjlj jlc Tkyhklkj0 Jyiksyjsknl

Qjlmb kl Lmx [ny`0 Omckjsknl Qjlmbv kl Ojvvjfe}vmssv jlc Xjveklhsnl CF0 Fjljckjl Fynxl Fnookvvknl0 ]V

Ckvsykfs Fn}ys dny Mjvsmyl Ckvsykfs nd Tkyhklkj" jlc ]V Ckvsykfs Fn}ys dny Jykwnlj

n Okbksjy{/ ]V Jyo{ / Fnoijs Mlhklmmyv n Mc}fjsknl/ Mfnlnokfv IJ jlc Hyjc}jsm / Qek Imsj @jqqj

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Rail Industry Overview and Trends condensed 10-17-2006

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