Friday, May 27, 2011

Analysis: Railroads look to the highways to boost shipments

(Reuters) A recovering U.S. economy and rising fuel prices are giving the nation's railroads a chance to muscle in on what long has been trucker's turf -- the shipment of consumer products.
Big companies including Union Pacific Corp (UNP.N) and CSX Corp (CSX.N) are stepping up their investment in intermodal shipping -- handling the 53-foot (16 meter) boxes that are moved expeditiously from ship to truck to train around the world, carrying goods from appliances to toys.
Taking advantage of rising fuel prices -- U.S. diesel costs have surged some 32 percent over the last year -- railroad executives are looking to snag more business from their trucking rivals. Continued

1 comment:

  1. Good news for the railroad industry and the shipping container sales market.

    ReplyDelete