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Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession
Wolf Street ^ | Wolf Richter | 4 May 2016

Posted on 05/06/2016 12:39:42 PM PDT by Sgt_Schultze

292 Union Pacific engines idled in Arizona Desert

Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units.

- snip -

Only five of the 20 commodity categories saw gains. Of the decliners, coal was the biggest. But petroleum products also plunged 25%, and grain mill products dropped 7%. Even without coal, carloads were down 3% year-over-year.

(Excerpt) Read more at wolfstreet.com ...


TOPICS: Business/Economy; News/Current Events; US: Arizona
KEYWORDS: bhoeconomy; commodities; crashburn; economy; freight; obamaeconomy; obamalegacy; obamanomics; rail; railroad; railtraffic; recession; thanksobama; transportation
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To: CedarDave

Don’t know how often you come through there, Dave. I can’t pin down the times; but I’ve seen that stretch of siding both full and empty in the last year or 2. As someone suggested upthread, this is quite likely a holding siding for when engines are ‘temporarily’ not needed.


41 posted on 05/08/2016 3:13:32 PM PDT by HiJinx ("Man rides the ocean of history and does what he can to weather its storms.")
[ Post Reply | Private Reply | To 40 | View Replies]


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