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Oct 14, 2016

TRUCK FREIGHT * USA: Increased 3.5% this year

* Florida - Earnings turmoil deepens at railroads as trucks poach freight


--- Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals... Intermodal cargo, goods hauled in containers, fell a second consecutive quarter for the first time since 2009, according to the Association of American Railroads, an industry trade group. A surplus of trucks has pushed down freight rates and lower diesel prices have chipped away at rail’s usual fuel-savings advantage, taking a toll on once-steady growth... Meanwhile, truck freight has increased 3.5% this year through August, according to the railroads association... 
(Photo) -- Jacksonville, FL, USA - Transport Topics, by Thomas Black - 12 Oct 2016

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