Friday, August 29, 2014

Railroad Renaissance Chugs Ahead

There is a renaissance under way in North American freight railroads.

U.S. rail traffic was up 4.6% through Aug. 23 compared with the same time period a year ago, according to the Association of American Railroads. Nearly all categories of freight showed gains, with the biggest improvements in shipment of grain, up 19.4% year to date, and the shipment of petroleum and petroleum products up 10.5%.

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