GCTL8.com (FocusAsia Media Ltd)
CHICAGO, Jan 9 (FAM) – US Rail carload volume was down 8.2 per cent year on year to 13.1 million units in 2016 while intermodal containers fell 1.6 per cent to 13.5 million units at the same time, reports the Association of American Railroads (AAR). Total rail carload volume in the United States was down five per cent from the same period last year to 26.6 million carloads, the AAR said.
“Last year was challenging for freight railroads,” said AAR vice president John Gray. ‘Carloads were down for a second year, due to weak manufacturing and turmoil in energy markets, while intermodal failed to set its fourth straight annual record.”