US rail traffic slumps again
Economic uncertainty weighs on rail volumes.
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.
Keep up with the latest news, trends and reports concerning rail freight transport here!
Economic uncertainty weighs on rail volumes.
Latest round of DERA grants allots up to $4 million per project.
How the board calculates cost of capital is outdated.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.
The state has enough funding to allow construction to proceed, but the details are still forthcoming.
E-commerce’s role in transforming supply chain logistics should be a factor that Congress considers during the next surface transportation bill authorization.
Taking out stuff that you don’t need is part of the strategy to increase Canadian crude-by-rail shipments
Jim Blaze writes about the decline in rail freight; is it a recent event, or has it been taking place over a longer period?
U.S. rail volumes are down, but don’t call it a freight recession, according to Association of American Railroads executive.
Several management teams from North America’s largest Class I railroads were on hand to discuss current demand, their networks and the future at the Credit Suisse 7th Annual Industrials Conference.
Teck Resources opts not to renew 10-year deal for the transport of metallurgical coal.
The rail regulatory agency says the changes would help make the rate review process more accessible and transparent.
Expanding truck appointment system and new lanes credited for fast moves as port readies for dredging
Railway Age reports NS wants to double-stack its trains as they move through Pittsburgh, but residents in the north side of the city are stacking up arguments and fighting back.
French workers are demonstrating for reforms in their pension plan, leading to a protest that will see most employees of transport companies strike beginning on Dec. 5.