The Association of American Railroads (AAR) yesterday released “Railway Jobs Report: Railroad Value and Opportunity,” which highlights stories of railroad executives’ rises, family legacies, and how working in the railroad industry impacts their careers. Announced.
AAR officials said in a press release that the report includes statistics that distinguish freight railroad jobs from those in other industries, including the railroad industry’s high wages, benefits, and hundreds of career opportunities. He said passing and advancement opportunities are emphasized.
The report cites opportunities such as:
• The average length of service for railway employees is 13 years, compared to 3.9 years for other private sector employees.
• Annual salary and benefits for the average Class I employee are valued at $135,000 to nearly $190,000.
• Effective January 1, 2025, the monthly health insurance premium for unionized freight railroad employees will be $309.21, compared to the national average monthly premium of more than $500 for employer-provided family insurance. to $277.54, a reduction of over 10%.
• Career railroad workers (those over age 60 with at least 30 years of service) receive more than twice as much retirement benefits as the average Social Security recipient. and
• Approximately one in six railroad employees is a veteran.
AAR President and CEO Ian Jeffries said the report uses data and employee testimonials to demonstrate the value of rail jobs.
“Railway workers are the lifeblood that drives our industry and supports every aspect of our economy,” Jeffries said. “Railway jobs are not only a source of pride, they often provide stability, growth and support for generations. It is also a path to opportunity.”
Click here to download the report.
