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Stay Up to Date on the Rail Freight Industry
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80-billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Railway, and Canadian National Railway.
Keep up with the latest news, trends, and reports concerning rail freight transport here!
An industry trade group advisory questioning the safety of wheel sets manufactured by National Steel Car has been canceled, National Steel Car said.
Canadian Pacific Kansas City, or CPKC, marked its first day as the merged company of CP and KCS on Friday.
Rail service for chemical and agricultural shippers has gotten better, but further improvements could be made, according to two reports.
Parallel Systems is proceeding with the next step in its development of autonomous rail vehicles, which is to test having multiple vehicles strung together and see how these vehicles can integrate into the existing freight rail network.
Rail car manufacturer Greenbrier posted gains in its second fiscal quarter net income amid revenue increases for its manufacturing, maintenance and leasing business segments.
The way that trains are configured might have factored into the derailments of six Class I trains over the past two years, according to the Federal Railroad Administration.
The truck transportation sector increased jobs in March, reversing a one-month decline in February.
A Nevada bill restricting train lengths has been introduced, while Ohio Gov. Mike DeWine has signed a bill that mandates freight train crew sizes of at least two people.
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
