Major freight railroads trimmed 424 jobs from mid-June to mid-July, the second overall cutback in the Class I workforce this year.
Combined mid-July payroll at the seven Class I railroads’ U.S. operations declined 0.3 percent to 158,916 workers. Four railroads added workers in the period, but declines from the other three were enough to take down industry-wide employment.
That reflected a period when freight shipments weakened some from early June before picking up again in late July. The slight July downturn in rail jobs also followed a period from mid-May to mid-June when the Class I carriers added 1,818 workers, the most in any month so far this year.
By the Numbers: U.S. Rail Cargo
The figures are reported by carriers to the Surface Transportation Board as of the first payroll of the month. Before the July numbers, the last time Class I employment contracted was for a seasonal decline in January.