North American rail volumes have fallen both week-over-week and year-over-year in the face of the coronavirus pandemic. The fall comes as nonessential businesses close up shop and consumers become less inclined to spend money in light of a likely recession. Still, North American railroad leaders believe that the industry is resilient and have reported ongoing demand for […]
For at least the past decade, America’s railroads have been toying with the notion of freight trains moving at speeds approaching some passenger bullet trains. Now, a new Federal Railroad Administration demonstration study has concluded that specially designed “higher speed freight truck” railcars could be designed for travel on some existing tracks carrying 70 tons […]
Norfolk Southern (NYSE: NSC) has shed approximately 300 locomotives and intends to put up another 400 for sale, the Eastern U.S. railroad said in a Thursday filing to the Securities and Exchange Commission (SEC).
United States rail carload and intermodal volumes saw no signs of gains, remaining stifled by the ongoing impact of coronavirus, or COVID-19, for the week ending April 11, according to data issued this week by the Association of American Railroads (AAR).
Norfolk Southern (NYSE: NSC) has shed approximately 300 locomotives and intends to put up another 400 for sale, the Eastern U.S. railroad said in a Thursday filing to the Securities and Exchange Commission (SEC). The company attributes its decision to the introduction of precision scheduled railroading [PSR] in 2019, which “continues to provide significant benefits to the network operations […]
North American intermodal rail volumes last week fell to the lowest point in nearly a decade, underscoring the dramatic fall-off in containerized imports and slowing growth in the shipment of trailers and domestic containers.
February intermodal volumes continued an ongoing run of declines, which were accentuated by the ongoing coronavirus, or COVID-19, pandemic, according to data provided to LM by the Intermodal Association of North America (IANA). Total shipments for the month—at 1,330,803—were off 5.4% annually. Domestic containers—at 608,833—were up 5.8% decline, while trailers—at 83,155—slumped 22.6%. All domestic equipment—at 691,988—was off 1/3%. […]
“The impact of the novel coronavirus on railroads is growing,” said AAR Senior Vice President John T. Gray. “Since 1988, when our data began, total U.S. rail carloads were lower than they were last week only during a few Christmas and New Year’s weeks, when rail operations are seasonally low.”
What is the importance of grain? Any food made from wheat, rice, oats, corn or barley is a grain product. Breads, pasta, breakfast cereals, grits and tortillas are examples of grain products. And there are hundreds more… The combination of a global virus pandemic and an illogical energy price war will impact grain movements. In […]
Fourteen Congressional lawmakers are pressing the Federal Railroad Administration (FRA) and the Federal Transit Administration (FTA) to consider the health and safety recommendations given by the rail unions as both agencies craft guidance related to the novel coronavirus.
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