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Average Freight Train Speed. For the first decade of the 21st century, freight train speed has varied between 20 and 23 mph. The low was reached in 2006, when rail speeds averaged only 20 miles an hour. The figure has increased slightly since 2006 due to a weaker economy that has resulted in shorter lines of cars.
U.S. freight railroads are separated into three classes, set by the Surface Transportation Board, based on annual revenues: 1  Class I for freight railroads with annual operating revenues above $346.8 million in 2006 dollars. 2  Class II for freight railroads with revenues between $27.8 million and $346.7 million in 2000 dollars.