The 2010 line looks more horizontal than “strong” or “surging.”
I’m not impressed.
Wow, luckily George Westinghouse invented the air brake, so we'll be able to slow it down...
Last I heard trucking volumes were DOWN. Rail traffic is cheaper. That probably explains this.
I think one would find that overall shipping volume is down.
Cosco = China Overseas Shipping Company
Trucking companies are starting to switch to rail for long haul jobs. (J. B. Hunt is the biggest so far.) If crude oil stays high or goes even higher look for more freight to move by rail. The energy efficiency is high, and railroads are making modest capital investments in capacity.
In recent years the percentage of truck traffic on some rural Interstate segments has approached 50 percent, a volume that shortens pavement life and impacts traffic flow in numerous ways. Moving that freight by rail and allowing trucks to take it “the last mile.” can be a win-win for both modes as well as the taxpayers and motorists.
Alls well, except that the US Dollar is only worth 70 percent of what it was, that’s how they can say it will be a decade before the jobs will be recovered, so the amount of traffic does not have the value it used to have.