North American Freight Rail Performance Q1 2025 Financial and Operations Review A business of Marsh McLennan INTRODUCTION Oliver Wyman's quarterly North American Freight Rail Performance report compiles and analyzes publicly available data from the seven largest North American railroads: Data sources include the US Surface Transportation Board (STB), the Association of American Railroads (AAR), the Federal Railroad Administration (FRA), industry financial reports, and public company information All dollar f ...