Coronavirus "Wreaks Havoc" on Traffic for Railroad Companies
The novel coronavirus has done a number on the U.S. economy, most likely plunging us all into recession -- and as we learned today, railroads are not immune.
As the Association of American Railroads (AAR) reports, total freight traveling on American railways declined 23.8% year over year for the week ended April 11, to 198,726 "carloads."
Intermodal traffic, which refers to freight moving alternately by rail, truck and/or ship, took less of a hit, but still isn't looking healthy with a 20% year over year decline to 213,777 "containers and trailers" moved.
Source Fool.com
