One of the enduring ideas found in Dow Theory is that transportation companies can provide insight into the overall health of the US economy. As more goods are manufactured, more ore and coal mined, more corn farmed and cattle raised, the transport company’s business expands as they bring these goods to market. Even though we…
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Total carloads for the week ending April 23 were 230,599 carloads, down 17.1% compared with the same week in 2015, while U.S. weekly intermodal volume was 261,347 containers and trailers, down 6.3% compared to 2015. Three of the 10 carload commodity groups posted an increase compared with the same week in 2015. They…
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PRESS RELEASE NUMBER: FRA 11-16CONTACT: FRA Public AffairsPHONE: (202) 493-6024SUBJECT: Positive Train ControlKEYWORDS: PTC, grant, technology, appropriationsABSTRACT: The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today announced that it is accepting applications for $25 million in competitive grant funding available to railroads, suppliers, and state and local governments for Positive Train Control…
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Federal law enforcement investigators are searching in at least three states for more than 500 pounds of explosives stolen from a CSX train, CBS News has learned. CBS News Justice Department and Homeland Security correspondent Jeff Pegues reported a law enforcement source says the amount stolen has authorities concerned that the explosives could fall…
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