grain industry

Other factors beyond the coronavirus pandemic are weighing on U.S. rail volumes for grain.

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.

BNSF announced that former chief executive Matthew Rose will retire from a his role as executive chairman of the largest freight railroad in the U.S. effective next April, and more in Today’s Pickup.

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.