The Pittsburgh Post-Gazette reported that as a consequence of a warm winter, lower demand for energy products and low oil and gas prices, the nation’s rails are experiencing sharp declines in shipments.
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Rail traffic continued its torrid growth the first week of 2011, with the Association of American Railroads (AAR) reporting freight carloadings were up more than 20 percent versus the same week in 2010, and intermodal (trailers and containers on flat cars) were up almost 9 percent from the first week of 2010.
This comes on the heels of a banner year for freight railroads in 2010. The AAR said the combined increase in total annual carloads and intermodal in 2010 was equivalent to some 20,000 additional trains moving when compared with 2009.
U.S. Class I railroad traffic continued its growth trend through the Christmas holiday week, reports the Association of American Railroads.
Carloads were up almost 30 percent versus the same holiday week in 2009, and intermodal (trailers and containers on flat cars) was up more than 25 percent versus the same holiday week in 2009.
The AAR reported that for the first 51 weeks of 2010, carloads are up more than 7 percent and intermodal is up more than 14 percent over the first 51 weeks of 2009.