Rail Traffic Rises Compared to Same Time Last Year
US rail intermodal traffic marks an increase compared to the same time last year. The Association of American Railroads has detected a 3.3% increase in traffic.
Rail carload has also increased by 4.3%, which equals a load of 306,988 carloads. Intermodal units are not included in the count. Intermodal trailers moved this year are 264,809.
During the first 7 months of 2014 the intermodal volume increased by 5.9%, compared to 2013. The units moved were 7.7 million.
Nine of the 10 commodity groups AAR tracks increased over last year, except for coal, which declined with 5.7%.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.