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Biden Asks Senate To 'Act Urgently' As Country-Wide Railroad Strike Could Inflict $2B A Day In Economic Damage
Thursday, December 1, 2022 - 3:42pm | 769The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a government-led negotiation between railroad companies and rail unions. What Happened: On Wednesday, the U.S. House of Representatives passed a piece of legislation...
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Intermodal Volumes Prop Up US Rail Traffic
Thursday, August 27, 2020 - 11:22am | 1369U.S. intermodal traffic on a weekly basis gained 5% in the week ending Aug. 22, which in turn helped lift overall rail volumes higher. U.S. freight railroads originated 285,086 intermodal containers and trailers last week, a 5% increase from the same period in 2019, according to the Association of...
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Rail Stakeholders Consider Pressing For Tax Subsidies To Scrap Railcars
Friday, July 31, 2020 - 10:30am | 929Industry stakeholders are considering options to relieve the railcar supply glut amid the continued downward trend in U.S. carload volumes. Those options include discussions on whether to push for federal tax incentives that would allow companies to receive tax subsidies for scrapping older and...
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Intermodal Volumes Prop Up US Rail Traffic
Thursday, July 9, 2020 - 2:28pm | 912A 7.7% increase in weekly intermodal traffic gave U.S. rail traffic its smallest year-over-year decline in months. U.S. rail traffic for the week ending July Fourth totaled 437,989 carloads and intermodal units, a 2.4% drop from the same period in 2019, according to the Association of American...
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Rail Stakeholders: Tough Road Ahead For Infrastructure Bill
Tuesday, July 7, 2020 - 3:19pm | 926The multibillion-dollar infrastructure bill passed the U.S. House of Representatives last week, but whether it can make it through the Republican-controlled Senate to President Donald Trump's desk is less clear. The U.S. House of Representatives passed the Moving Forward Act on a largely party-...
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June Rail Traffic Sees Recovery 'Accelerate'
Thursday, July 2, 2020 - 1:25pm | 875U.S. railroads' total rail traffic was 14.3% lower year-over-year at 1,799,189 originations in the month of June according to the Association of American Railroads (AAR). Total carloads declined 22.4% year-over-year with intermodal container and trailer traffic moving only 6.6% lower. "June was a...
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Railcars In Storage Spike In May
Tuesday, June 9, 2020 - 5:02pm | 766After hovering around the 400,000-unit mark all year, railcars in storage spiked 25% in May to 520,729. This was one of many takeaways from the Association of American Railroads' (AAR) June report. As of June 1, 31.2% of the 1.67 million North American freight car fleet were in storage. The AAR...
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Decline In US Rail Volumes Slows
Thursday, June 4, 2020 - 10:06am | 958Despite double-digit percentage drops in May, U.S. rail volumes on a weekly basis have been narrowing their declines over the same periods in 2019 as North America slowly opens up following COVID-19 pandemic closures. Weekly U.S. rail traffic totaled 395,714 carloads and intermodal units for the...
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US Rail Volumes Fell Over 20% In April
Thursday, May 7, 2020 - 4:13pm | 1049U.S. rail traffic tumbled about 21% in April as falling volumes for coal, motor vehicles and parts, and chemicals contributed to a "historic" monthly decline, according to the Association of American Railroads (AAR). U.S. rail volumes totaled nearly 2.1 million carloads and intermodal units in...
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U.S. Weekly Rail Volumes Contract By Nearly 23%
Wednesday, April 22, 2020 - 6:55pm | 801U.S. weekly rail traffic sank nearly 23% last week as COVID-19 pandemic woes put pressure on rail volumes for the second quarter. For the week ending April 18, U.S. rail volumes slipped 23.3% compared with the same period in 2019, to 403,283 carloads and intermodal units, according to the...
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Coronavirus Takes Aim At North American Rail Traffic
Thursday, April 9, 2020 - 9:16am | 1573North American rail traffic continues to tumble, pressured by significant drops in consumer activity as the COVID-19 pandemic takes hold globally. North American rail volume for the week ending last Saturday slipped 16.1% to 596,710 carloads and intermodal units, compared with the same period in...
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North American Carloads Of Motor Vehicles And Parts Plummet
Thursday, April 2, 2020 - 10:38am | 570North American carloads of motor vehicles and parts tumbled nearly 67% on a weekly basis as the looming coronavirus pandemic prevented would-be buyers from entering automobile showrooms. North American railroads originated 9,725 carloads of motor vehicles and parts for the week ending March 28,...
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North American Intermodal Traffic Takes A Hit
Thursday, March 19, 2020 - 10:44am | 860Weekly North American intermodal traffic has fallen nearly 10% as the coronavirus dampens volumes. "Intermodal, rather than other rail sectors, is likely to see the earliest impacts from the coronavirus because large amounts of intermodal traffic go to or come from ports – roughly half of U.S....
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Railroad Industry Calls for Tighter Safety Standards on Rail Tank Cars
Thursday, November 14, 2013 - 3:23pm | 619In the wake of two major train derailments and explosions involving tank cars carrying crude oil from North Dakota, the nation's railroad trade groups are calling on federal safety regulators to require all tank cars used in the rail transport of flammable liquids to be either retrofitted to more...