One of the biggest arguments for moving goods by rail in an intermodal service is that while it might be more complex and slower, efficiency gains make it competitive with trucking in certain markets.
With diesel prices historically low, one of those advantages is eroded. FreightWaves contributor and rail economist Jim Blaze joins Drilling Deep host John Kingston on this week’s edition to discuss the conditions for the rails in general and intermodal in particular. Also on the agenda: Has the cutting of employees gone too far?
Kingston in his opening oil segment discusses the recent closure of three U.S. oil refineries, what it means for diesel consumers and why plans at two of the plants offer some good news for those buyers.