US freight rail traffic slips nearly 3% in 2022
U.S. freight railroads moved fewer volumes in 2022 than 2021 amid declines in intermodal traffic, according to recent industry data.
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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U.S. freight railroads moved fewer volumes in 2022 than 2021 amid declines in intermodal traffic, according to recent industry data.
The Surface Transportation Board wants Union Pacific to address service hiccups at California’s Foster Farms. Also, CN reports rail traffic controllers have ratified a new collective agreement.
An active Surface Transportation Board and ongoing issues to fully restore rail network capacity are among the issues that industry stakeholders are eyeing in the new year.
Rail service, an active Surface Transportation Board and continued M&A activity were among 2022’s news highlights.
Nineteen states plus the District of Columbia are supporting Ohio’s request for the Supreme Court to take up the issue of whether states have the regulatory authority to regulate railroad traffic, particularly when it comes to blocked crossings.
The U.S. Government Accountability Office’s report on precision scheduled railroading serves as a broad overview of how the freight rail industry has changed over the past decade.
A key freight rail bridge near the Port of New York and New Jersey is getting a replacement after 120 years.
The number of employees working for the U.S. operations of the Class I railroads rose 4.4% year over year in November. But some of the employment data submitted to the board should be provided in a more user-friendly way, an attorney representing several unions said.
Major U.S. railroads have pushed for years to eliminate the in-cab conductor role. But unions think the cost-cutting rule could undermine safety.
Miki Shifman, co-founder and chief technology officer for Israeli company Cylus, discusses the cybersecurity landscape for freight and passenger rail operations worldwide.
Pennsylvania has awarded $26 million to 24 freight rail improvement projects, while technology provider RailState completes coverage of the Canadian rail network and Alterra IOS acquires industrial facilities for $86 million.
The STB has rendered decisions on two rules aimed at helping the railroads and shippers resolve small rate disputes.
Following last week’s hearing on embargoes before the Surface Transportation Board, Union Pacific has decided to pause the program. Meanwhile, the board is considering what it can do to encourage rail volume growth.
Union Pacific has been recognized for sustainability practices. Commtrex and Railinc are working together to develop a product aimed at using data to simplify rail movements.
The Federal Railroad Administration heard starkly different opinions from some railroads and unions about whether the agency should mandate freight train crews of at least two people.
Shippers testified before the Surface Transportation Board on Tuesday about how embargoes affect their operations.
Class I railroads CSX, CN, CP and KCS tout recognition for their sustainability efforts, while rail technology provider Wabtec gets a nod for its battery-electric locomotive.
The unions and the freight railroads must repair their relationship and collaborate on improving service if the industry wants to thrive and take more market share, observers told FreightWaves.
STB Chairman Marty Oberman told UP it didn’t provide enough information on its embargo practices ahead of a two-day hearing next week.
America’s freight railroads descended into chaos this year. Their best way out might be reconsidering their operational style — but Wall Street might not approve.