Railroad Carloads Plummet

This nice essay from Escalation Consultants, delivered on 5/21/2020, shows very large decreases in rail carloads after mid-March of 2020, approaching 30% for most carriers. Only Union Pacific is down by only 18%.

Another graph shows the differences by commodity.

Only grain and crushed stone are up. Coal and petroleum, the profit centers of the railroads, are way down, by more than 30%.

The article claims that one can take advantage of leverage to obtain favorable prices due to these steep declines in the Coronavirus economy.

I think the article bespeaks some hard times ahead for the big rails.

One response to “Railroad Carloads Plummet

  1. Pingback: Railroad Carloads Plummet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s