U.S. weekly rail traffic rose nearly 6% last week amid a 43% increase in grain carloads and a 13% rise in intermodal traffic.
Anticipated higher natural gas prices could prompt coal’s share in U.S. power generation to grow in 2021 and 2022, the U.S. Energy Information Administration said in its Short-Term Energy Outlook.
Falling U.S. coal carload volumes reflect the decline of U.S. energy consumption of power generated by coal. Also, U.S. intermodal traffic offset volume losses in 2020.
Total employment among the U.S. operations of the Class I railroads fell nearly 14% year-over-year amid the railroads’ continued deployment of precision scheduled railroading.
In Part 2 of the article about TTX Company, the company’s history is outlined.
TTX Company owns 10+% of all railcars in North America. Learn why in this FreightWaves Classics article.
U.S. weekly carloads last week were only 1.4% lower than year-ago levels, while intermodal traffic is still experiencing double-digit percentage increases.
November was a bright spot for U.S. and Canadian grain carloads.
KCS says Mexico protests are impacting fourth-quarter revenue, and Norfolk Southern announces leadership changes.
U.S. carload traffic on a weekly basis was 3.1% lower last week on a year-over-year basis and 1.7% higher sequentially.
