In 2020, North American rail volumes could fall roughly 15% or more compared to a year ago. This projection, amidst others for deep declines in coal traffic and a shaky environment for intermodal volumes, was divulged in a report from Moody’s Investor Service, a credit ratings firm.
“Continuing declines in coal shipments will weigh heavily on the sector, while relatively stable carloads of agricultural products and more modest declines in chemicals mitigate the overall decline in freight in the...
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