US rail chiefs in plea on grain delays
http://www.freerepublic.com/focus/f-news/3200774/posts
Grain Piles Up, Waiting for a Ride, as Trains Move North Dakota Oil
http://www.freerepublic.com/focus/f-news/3197190/posts
See more at:
http://www.freerepublic.com/tag/rail/index
Thanks. Was going to look for articles on rail, but they have already been posted.
Barge traffic on the Mississippi is at record levels because of the back up of rails (and ADM and others buying up huge amounts of cheap grain, which will depress the futures even more).
The fact is that farming is a lot like owning a hoard of gold that also pays current income.
And while we all like to point the finger of blame at the bad old railroads, the fact is that there isn't a grain car shortage; there is a handling and storage shortage in the inland grain industry. Increasing the number of grain cars would only transfer that shortage from inland elevators to export houses and processors.