An estimate released by the Association of American Railroads (AAR) projects that the nation’s freight railroads will spend approximately $26 billion to build, maintain and upgrade their nationwide rail network in 2014. This continues a decades-long trend of private railroad dollars being used to maintain and upgrade the nation’s freight rail network rather than tax dollars going towards it. Edward R. Hamberger, AAR President and CEO, stated the freight railroads have invested approximately $550 billion of their own money into the rail network since 1980, $115 billion of which was in the last five years alone. The freight rail infrastructure, including bridges, tunnels, tracks and facilities, are constantly being maintained and upgraded to keep up with evolving economic needs such as the increased demand for intermodal shipping. It is also estimated that freight railroads will hire more than 12,000 employees in 2014 in all areas of the industry across the nation.
Family Owned. Business Oriented.
Maintaining the Nations Railroads
An estimate released by the Association of American Railroads (AAR) projects that the nation’s freight railroads will spend approximately $26 billion to build, maintain and upgrade their nationwide rail network in 2014. This continues a decades-long trend of private railroad dollars being used to maintain and upgrade the nation’s freight rail network rather than tax dollars going towards it. Edward R. Hamberger, AAR President and CEO, stated the freight railroads have invested approximately $550 billion of their own money into the rail network since 1980, $115 billion of which was in the last five years alone. The freight rail infrastructure, including bridges, tunnels, tracks and facilities, are constantly being maintained and upgraded to keep up with evolving economic needs such as the increased demand for intermodal shipping. It is also estimated that freight railroads will hire more than 12,000 employees in 2014 in all areas of the industry across the nation.
Rail Traffic Summary
US carload volume for the week ending February 8, 2014 was down 4.3 percent compared with the same week last year, while intermodal volume was up 0.6 percent according to the Weekly Rail Traffic Summary released by the AAR. Total US rail traffic for the week was down 2 percent compared to the same week in 2013.
For the first 6 weeks of 2014 US carload volume was down 0.4 percent from the same point last year, however intermodal volume was up 1.1 percent. Total US rail traffic was up 3.0 percent from the same point last year for the first 6 weeks of 2014. Read More
Rail Traffic Summary
US carload volume for the week ending February 8, 2014 was down 4.3 percent compared with the same week last year, while intermodal volume was up 0.6 percent according to the Weekly Rail Traffic Summary released by the AAR. Total US rail traffic for the week was down 2 percent compared to the same week in 2013.
For the first 6 weeks of 2014 US carload volume was down 0.4 percent from the same point last year, however intermodal volume was up 1.1 percent. Total US rail traffic was up 3.0 percent from the same point last year for the first 6 weeks of 2014. Read More
Rail Traffic Up For January, Down For the Week
The Weekly Rail Traffic Summary released by the AAR reported there was increase in rail traffic in January; carload volume for the was up 0.4 percent compared with January 2013, and intermodal volume was up 1.3 percent.
For the week ending February 1, 2013 carload volume was down 1.5 percent compared to the same week last year, and intermodal volume was down 0.8 percent. Total U.S. rail traffic for the week was down 1.2 percent compared with the same week in 2013.
U.S. carload volume for the first five weeks of 2014 was up 0.4 percent from the same point last year, and intermodal volume was up 1.3 percent. For the first 5 weeks of 2014 total U.S. rail traffic was uo 0.8 percent from the same point in 2013. Read More
Increase In Rail Traffic
The AAR reported in its Weekly Rail Traffic Summary that U.S. carload volume for the week ending January 25, 2014 was up 5.6 percent compared with the same week last year, and intermodal volume was up 3 percent. Total U.S. rail traffic for the week was up 4.4 percent compared with the same week in 2013.
U.S. carload volume for the first four weeks of 2014 was up 0.9 percent from the same point last year, and intermodal volume was up 1.8 percent. For the first four weeks of the year total U.S. rail traffic was up 1.3 percent from the same point last year. Read More
Increase In Rail Traffic
The AAR reported in its Weekly Rail Traffic Summary that U.S. carload volume for the week ending January 25, 2014 was up 5.6 percent compared with the same week last year, and intermodal volume was up 3 percent. Total U.S. rail traffic for the week was up 4.4 percent compared with the same week in 2013.
U.S. carload volume for the first four weeks of 2014 was up 0.9 percent from the same point last year, and intermodal volume was up 1.8 percent. For the first four weeks of the year total U.S. rail traffic was up 1.3 percent from the same point last year. Read More
Decrease In Rail Traffic
For week ending January 11, 2014 there was a decrease in U.S. rail traffic. The AAR reported that carload volume was down 8.2 percent compared with the same week last year, and intermodal volume was down 6.7 percent in the Weekly Rail Traffic Summary released January 16, 2014. Total U.S. rail traffic for the week was down 7.5 percent from last year.
U.S. carload volume for the first two weeks of 2014 was down 3.4 percent from the same point in 2013, and intermodal volume was down 1.9 percent. For the first two weeks of 2014 total U.S. rail traffic was down 2.8 percent from the same point last year. Read More
Decrease In Rail Traffic
For week ending January 11, 2014 there was a decrease in U.S. rail traffic. The AAR reported that carload volume was down 8.2 percent compared with the same week last year, and intermodal volume was down 6.7 percent in the Weekly Rail Traffic Summary released January 16, 2014. Total U.S. rail traffic for the week was down 7.5 percent from last year.
U.S. carload volume for the first two weeks of 2014 was down 3.4 percent from the same point in 2013, and intermodal volume was down 1.9 percent. For the first two weeks of 2014 total U.S. rail traffic was down 2.8 percent from the same point last year. Read More
Diesel Fuel Prices Increase
Diesel fuel prices increased across the nation according to the Gasoline and Diesel Fuel Update released by the EIA December 30, 2013. The national average diesel fuel prices increased three cents from last week to $3.90 per gallon. The Midwest and Rocky Mountain prices both jumped four cents to an average of $3.89 per gallon in both regions. The West Coast average diesel fuel price also rose by four cents to $4.03 per gallon. Increasing two cents, the average diesel fuel price on the East Coast and Gulf Coast is now at $3.94 per gallon and $3.79 per gallon respectively.
