US Rail Freight Declines in August As Auto Shipments Rise
US rail freight volume declined year-over-year in August 2023, with automotive growth being a bright spot. However, grain and coal shipments experienced significant drops. Intermodal volumes also remained sluggish. Experts attribute this primarily to a weak industrial economy. Year-to-date figures present a mixed picture, with rail freight volume remaining relatively flat and intermodal volume declining significantly. The rail industry faces economic uncertainty and competitive pressures in the future, but also opportunities from infrastructure investment and sustainable development initiatives.









