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!
Federal investigators plan to release the cause of last year’s Norfolk Southern train derailment in East Palestine, Ohio, this summer.
A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.
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An investigation is underway after a Norfolk Southern train engineer died this week after being hit by a train in Decatur, Alabama.
As the Bureau of Labor Statistics signaled in August, the annual revision of employment data shows fewer truck transportation jobs last year than initially reported.
It’s been one year since a Norfolk Southern train derailed in East Palestine, Ohio. What’s been done to improve rail safety?
Activist pressure and focus on OR are at odds with optimal service levels.
Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.
It was a tough earnings report for Norfolk Southern, and a few Wall Street analysts let management know of their disappointment.
Rail is often characterized as one of the more “old school” transportation options, but recent developments in the space have challenged that narrative.
Saturday will mark one year since a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio. NS is joining the federal Confidential Close Call Reporting System, the only Class I railroad to do so.
Canada-based Bison Transport is partnering with CPKC to provide cross-border intermodal service between Canada, the U.S. and Mexico.
To view more FreightWaves infographics, click here
Mexico’s Isthmus of Tehuantepec rail corridor could complement container movements along the Panama Canal.
Analysts at Morgan Stanley are bullish on the growth prospects for
Canadian National Railway Co.’s business units in 2024.
This week in Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024; Texas receives $70M grant for hydrogen fuel stations; automotive manufacturer announces $400M factory in Mexico; and Texas logistics park receives $1.5M grant to expand services.
After President Abraham Lincoln was assassinated, his body toured the United States in a funeral procession by train as the country mourned the loss.
J.B. Hunt announced it has added former railroad executive Patrick Ottensmeyer to its board.
ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.
This week in Borderlands: Mexico top US trade partner in November, Laredo No. 1 gateway; PSC Group acquires rail terminal in South Texas; automotive firm inaugurates $55 million expansion in Mexico; and CBP seizes $5M worth of cocaine at Texas border crossing.
