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Intermodal traffic on North America’s railways lost out to cheaper trucking alternatives last year.
More haulage capacity opened up, pushing full-year revenues at intermodal operators down across the board.
Of the six major North American railroads, only Norfolk Southern (NS) and Canadian National (CN) reported volume growth. The Warren Buffet-owned BNSF does not report its numbers
Union Pacific (UP) experienced the biggest dent in its intermodal revenues, which tumbled 9% year-on-year. At Canadian Pacific (CPR) and Kansas City Southern (KCS), the declines exceeded 5%; while CN, ...
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