Monday, September 20, 2021
80.7 F
Fort Worth

Trade War and Trains

🕐 1 min read

The ongoing trade war with China and slowing industrial production continue to weigh on railroad traffic.

The number of carloads of industrial products, raw materials, grain, coal and chemicals that U.S. railroads haul is down 4.3% overall so far this year, according to the Association of American Railroads.

The slower traffic hurt profits at all the major freight railroads during the third

quarter.

The trade dispute between the United States and China has prompted both sides to

impose tariffs on billions of dollars of imports that have hurt farmers and factories.

The dispute has already led to notable declines in exports, including American crops, and it has affected how many shipping containers of imported goods are being handled by railroads.

Railroad traffic numbers hint at the health of the overall economy.Grain shipments are down 6.2% through the first 43 weeks of the year while shipments of containers of imported and other goods declined 4.4%.

Weak coal demand also hurt railroad results as more utilities move away from using the fuel.

The number of coal shipments is down 7.6% this year after declining steadily over the past

several years.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate