US Rail Freight Slump Sparks Economic Concerns
Data from the Association of American Railroads shows a year-over-year decline in U.S. rail freight and intermodal volumes for the week ending June 24th. While carload traffic in motor vehicles and metals increased, grain and chemicals declined. The decrease in intermodal traffic narrowed, but remained below last year's levels. Year-to-date figures present a mixed picture. The drop in rail freight volume could signal economic risks, but may also reflect structural adjustments. The rail industry needs to improve services, embrace technology, and expand markets.
