(Source: Trains Magazine analysis by Chase Gunnoe, October 3, 2022)
U.S. Class I railroads continue hauling more chemicals than before, an area of growth even though higher interest rates are raising fears that the U.S. economy could begin contracting. Railroads’ diverse chemicals portfolio supports manufacturing, automotive, energy, and a hodgepodge of other industries, indicative that growth within this carload segment is generally a positive sign of the economy’s health.
Full story: Trains Magazine