(Source: Railway Age, October 23, 2019)
NEW YORK — No news is good news—or at least that’s how it seems when the Association of American Railroads (AAR) reports on U.S. rail traffic. But according to some industry analysts, the U.S. Class I freight rail industry is in a recession. For the week ended Oct. 19, 2019—i.e., the 42nd straight week of U.S. traffic downturn—total U.S. weekly rail traffic was 507,381 carloads and intermodal units, down 8.6% compared with the same week last year, according to AAR.
Full story: Railway Age