US rail volumes maintain downward trend
The continued dip in rail volumes comes as North American freight rail groups press for trade pact.
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
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The continued dip in rail volumes comes as North American freight rail groups press for trade pact.
Market Expert Michael Baudendistel writes about rail intermodal volume is lower for the long-term, or can it be more competitive with trucking.
Railroad market voice Jim Blaze writes about technological advances that are making railroads’ capital expenditures on infrastructure more efficient.
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The next step is achieving full interoperability with other railroads.
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Canadian National’s grain shipments gain momentum with eight-day strike in the rearview.
Economic uncertainty weighs on rail volumes.
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How the board calculates cost of capital is outdated. How much of an overhaul is needed?
The railroad will consolidate business segments to three groups from four to better adapt to market conditions.
The approval comes amid some objection by Congressional Democrats and a wider proposed rulemaking on the same issue.
Site is close to Interstate 69 and Ohio River.
Railway Age reports Wabtec also will help ENR modernize its existing fleet.
Container industry veteran John McCown argues that the shift toward East Coast ports is inexorable.
The company sees the new facility as a way to expand and reach its manufacturing goals.