Transporting grain is a major source of revenue for the railroads. How will the coronavirus impact the grain market and the railroads?
The Class I railroads have reported their second quarter/first-half of 2019 results. Jim Blaze writes about what may happen during the remainder of 2019.
The Grain Transport Report, a weekly publication by the Agricultural Marketing Service (a division of the U.S. Department of Agriculture) released information showing that total export inspections for grain (corn, wheat and soybeans) declined 22 percent from the previous week.
Less than 2 inches of rain has fallen across much of West Texas since last October, compared with an average of about 10 inches over the same period last year.
There is a migration of grain haulers from the industry due to various reasons – lower grain prices, a stronger dollar, record wheat production in Russia leading to lesser exports, and the ELD mandate.
