Eight years ago, the Norfolk Southern railroad saw a bright enough future in its carload business — the kind of freight that moves in individual freight cars, rather than in shipping containers or in trainload lots — to spend $160 million on doubling the size of its railcar sorting yard.
The Class I railroads are considering retaining some of the measures they implemented to scale down operations as a result of the coronavirus pandemic, according to comments some executives have made at recent industry conferences.
Rail volumes could rebound in the second half of the year, but the pace of a rebound will depend largely on consumer confidence, executives from several Class I railroads cautioned at recent investor conferences.
Ukraine has got the first direct rail freight service to China. It ran via Mongolia and Russia in spite of the Middle Corridor. This service was arranged by EU-Trans, a Kyiv-based freight forwarding provider. The company is planning two other shipments until the end of June.
The African Development Bank has given the government of Ethiopia a grant worth 1.2 million USD to conduct a feasibility study on the construction of a standard-gauge railway line to its neighbour, Sudan.