Freight Rail
Yesterday, the Wall Street Journal’s Daniel Machalaba held an online round-table discussion on the future of the freight rail industry with a small group of consultants, lobbyists and federal administrators. They predicted that freight rail will experience spectacular growth over the next 30-50 years, largely because of population expansion and the industry’s reliably cheap shipping rates.
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Freight traffic along America’s railways has climbed to its highest level in two years, according to the Association of American Railways, further proof that a rail renaissance is underway.
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Norfolk Southern has opened its newly-refurbished Heartland Corridor, which will chip 250 miles off the trip between Chicago and East Coast ports.
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