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Rail freight nosedive: “Sensible actions aimed at accelerating growth” needed, says AAR

(Source: Railway Age, November 6, 2019)

NEW YORK — In the Association of American Railroads Nov. 6, 2019 traffic report, Senior Vice President Policy and Economics John T. Gray succinctly notes what is dragging rail freight down: “Sluggish growth abroad and trade developments are weighing on business investment, exports, and manufacturing. Unfortunately, those are precisely what drive much of the freight carried by U.S. railroads, and their weakness goes a long way in explaining why rail traffic is down right now. Railroads are hopeful that policymakers here and abroad will take sensible actions aimed at accelerating growth and removing the uncertainty that’s constraining many economic sectors.”

Full story: Railway Age

Thursday, November 7, 2019

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