BLET News
Number of rail cars in storage spikes in May
(Source: Freight Waves, June 9, 2020) CHATTANOOGA, Tenn. — After hovering around the 400,000-unit mark all year, railcars in storage spiked 25% in May to 520,729. This was the one of many takeaways from the Association of American Railroads’ (AAR) June report. Full story: Freight Waves Wednesday, June 10, 2020
Read MoreWarren Buffett’s BNSF cuts jobs as railroads feel COVID-19 impact
(Source: Dallas Morning News, June 9, 2020) DALLAS, Texas — While trains are considered essential businesses, that hasn’t protected the rail industry from the COVID-19 drag. At a time when railroads were already laying off workers in the name of more efficient scheduling, the pandemic caused a significant drop in shipments, leading to even greater…
Read MoreDecline in U.S. rail volumes slows
(Source: Freight Waves, June 4, 2020) CHATTANOOGA, Tenn. — Despite 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. Full story: Freight Waves Friday, June 5, 2020
Read MoreUnion Pacific’s stock gains after “more optimistic” outlook on volumes
(Source: MarketWatch, June 2, 2020) NEW YORK — Shares of Union Pacific Corp. rose 1.1% in afternoon trading Tuesday, putting them on track to snap a 3-day losing streak, after the railroad operator provided an optimistic volume outlook at an industry conference. Full story: www.marketwatch.com Wednesday, June 3, 2020
Read MoreLiquefied petroleum gas stored in rail cars near Corvallis, Ore.
(Source: Corvallis Gazette-Times, June 2, 2020) ALBANY, Ore. — The content of rail cars stored on Portland & Western rails leased to a third party near U.S. Highway 20 between Albany and Corvallis is liquefied petroleum gas, according to Oregon Department of Transportation. Full story: Corvallis Gazette-Times Wednesday, June 3, 2020
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