US rail traffic slips by over 22%
The effects of the COVID-19 pandemic, as well as the structural decline in U.S. coal consumption, are pulling rail volumes downward.
The effects of the COVID-19 pandemic, as well as the structural decline in U.S. coal consumption, are pulling rail volumes downward.
Jim Blaze writes about the long, slow decline of coal as the key commodity for railroads, and whether plastics might replace the lost volume.
Railroad expert Jim Blaze writes about coal, a key commodity hauled by rail. The amount of coal being hauled by rail is declining. Why? And what does the future hold?
Jim Blaze explores the decline of railroad freight volume and what may happen going forward.
Australian bulk rail freight operator Aurizon (ASX: AZJ), which owns one of the world’s largest coal rail networks, reported a 15 percent decline in full year profits. Statutory earnings before interest and taxation (EBIT) were down by 14 percent and revenues were down 7 percent.