(Source: Freight Waves, October 22, 2019)
CHATTANOOGA, Tenn. — Not all that long ago, say 2015 to 2017, it was the best of times for the railroads’ intermodal business. These times are not like those times. The railroads have been mired in intermodal red ink all year long. Traffic is down 3.3% year-to-date, according to the Intermodal Association of North America (IANA). As of the week ending October 12, the volume of containers and trailers was down 6.6%, according to the Association of American Railroads (AAR).
Full story: Freight Waves