Trucking companies are under close scrutiny, as the transportation sector contributes heavily to CO2 emissions, with trucks accounting for much of the growth in emissions from heavy-duty vehicles over recent decades.
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Cohesive surge in U.S. rail freight investments, infrastructural upgrades with a $1.4 billion grant, and stable rate expectations for 2024 highlight robust industry growth.
As rail freight investments surge, Amergin and Greenbrier report a spike in railcar demand, with a total order of 15,300 railcars valued at $1.9 billion, a notable swell is observed in the railcar market.
At the same time, the U.S. government’s $1.4 billion grant for infrastructural enhancement across 35 states promises reinforced rail supply chains, amplifying rail connectivity and resilience against extreme weather.
Meanwhile, anticipation brews among intermodal providers, expecting stable rates for 2024, providing a steady financial outlook amidst the industry's growth and expansion. These simultaneous advancements signify a cohesive upliftment and strengthening in the U.S. rail freight sector.
Sources: DC Velocity | The Loadstar | Journal of Commerce
Canadian rail operations to resume Monday amid labor dispute. Teamsters plan legal challenge despite government intervention.
9,000 railway workers locked out in Canada, risking $250M daily losses. Government orders arbitration to end dispute and restart crucial supply chains.
Ongoing disruptions at US-Mexico rail crossings lead logistics firms to seek alternative transport routes, including trucks and maritime solutions.
Union Pacific hits a revenue high despite a dip in carloads.
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