Cleveland, OH, November 28, 2018 — The US freight railroad industry is forecast to see revenue increases of 3.5% annually in nominal terms through 2022, according to Freight by Rail: United States, a report recently released by Freedonia Focus Reports. Continuing expansion in US manufacturing activity and growth in US trade activity will drive demand for rail freight transportation. Notably, output of chemicals and allied products, one of the most profitable railroad cargos and a leading product shipped by rail, is projected to rise 3.6% annually in value terms to 2022. However, production of motor vehicles in volume terms, another high-profit cargo item for rail carriers, is projected to increase only moderately over that span due to robust gains over the 2007 to 2017 historical period.
These and other key insights are featured in Freight by Rail: United States. This report forecasts to 2022 US freight railroad revenues in nominal US dollars as well as volume hauled in ton-miles. A ton-mile represents one ton of freight carried one mile. Total revenues and volumes are segmented by carrier type in terms of:
- Class I railroads
- other freight railroads such as short line and regional railroads
To illustrate historical trends, total revenues, total volume, the various segments, and trade are provided in annual series from 2007 to 2017. Total revenues for the US freight transport industry for the 2007-2017 period are also provided and segmented by mode as follows:
More information about the report is available at: