A short synopsis of an article published by Ronald D. White
Pack n send is summarizing this article. It recaps some of the declines in the US economy in the freight industry during 2009.
Luckily, indicators are showing more freight movement and an increase in drivers wages during the first quarter or 2010.
Freight trains carried 20% less cargo in 2009 than in the previous year.
The nations railroads had their worst year in decades in 2009. This signified a drop in demand for coal, lumber and other goods.
Freight trains carried 20% less cargo during 2009 than in 2008 according to the Assn of American Railroads.
Probably the most dramatic decline was 33% decline in lumber and wood products carried by train. This does relate to the decline in new construction during 2009.
Fewer car and auto parts were moved during 2009.
Pack n send has noticed and increase in freight demand during 2010.
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