Have rail volumes bottomed out?

(Source: Freight Waves, June 11, 2020)

CHATTANOOGA, Tenn. — Rail volumes could rebound in the second half of the year, but the pace of a rebound will depend largely on consumer confidence, executives from several Class I railroads cautioned at recent investor conferences. North American weekly rail traffic totaled 598,301 carloads and intermodal units for the week that ended Saturday, a 15.4% decrease from the same period in 2019 but a 7.2% increase from the week ending May 30.

Full story: Freight Waves

Thursday, June 11, 2020