Here’s an interesting take from Bloomberg on how Internet shoppers have given a boost to the
rail freight business.
And that includes companies like FedExs and UPS, which are using railroads to ship goods long distances before putting them on trucks.
“Railroad intermodal units, the containers and trailers often used for retail goods that can move by rail, road and sea, rose 4.7 percent in the week ended Dec. 3, the Association of American Railroads said today. That growth rate may increase in coming weeks as shippers such as FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) use railroads for delivery of online purchases,” Bloomberg reported.
Bloomberg: Rail Freight Gains as Record Retail Sales Buoy December Rush
Photo: Containers and trailers are transferred between trucks and trains at Norfork Southern Corp. Intermodal Transportation hub. (Norfolk Southern)
Of the mountain of information stuffed into the University of Tennessee’s annual economic forecast released on Thursday, one the most important sections — and probably most overlooked — is a chapter on the state’s transportation network.
This special section offers Gov. Bill Haslam and his new administration a detailed primer on the state’s transportation infrastructure — road, rail, river and air — and its importance to the state economy.
Building and maintaining a robust transportation system is one of the most important services government provides. Virtually every aspect of the economy depends on transportation.
The UT report prepared by the Center for Business and Economic Research lays out the transportation challenges facing Tennessee and asks several provocative questions: