Demand for Rail Strong, Expected to Rise
June 8, 2022
By Mark R. Smith, Contributing Writer
Like most industries, rail has its share of issues to address: cost controls, supply chain issues, worker availability, the decline of coal, an interesting juxtaposition with the trucking industry and the ubiquitous issue of competition.
Still, long-term, demand for freight transportation – for commodities other than coal – is expected to grow as the population and economy expand. The growth rate, which is projected by most economists to rise about two percent annually, supports the U.S. Department of ...
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