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Rail Transportation in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Rail Transportation Market Research Report | NAICS 48211 | Aug 2016

Chugging along: Demand for rail transportation will increase as the labor market improves

IBISWorld’s Rail Transportation market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$68bn
Annual Growth 11-16
-1.8%
Annual Growth 16-21
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Profit
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Employment
151,275
Businesses
545
Industry Analysis & Industry Trends

Rail transportation has made a comeback over the past few years. Increased fuel efficiency, growing demand for bulk freight transportation and a lower carbon footprint have resulted in greater demand for the Rail Transportation industry's services. In the coming years, freight volume and demand for rail transportation will increase as the labor market improves, consumers spend more freely and inventories are rebuilt... purchase to read more

Industry Report - Industry Analysis Chapter

While industry revenue grew strongly early in the period, it experienced heavy declines in 2015 and 2016. Collectively, increased fuel efficiency, growing demand for bulk freight transportation and a lower carbon footprint have resulted in greater demand for the Rail Transportation industry’s services. Initially, fluctuations in the price of oil also made rail transportation more competitive compared with other forms of transportation; this issue has particularly affected freight trucking because, according to major industry player CSX, trains are estimated to be four times

more fuel efficient than trucks on a per-ton, per-mile basis. Nevertheless, the sharp declines in oil prices have

ultimately created some headwinds for industry operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Rail Transportation Industry?

The Rail Transportation industry comprises companies that operate railroads across the United States. This includes large railroads (Class 1 railroads) and regional and local line-haul railroads that carry freight and passengers. This industry does not include scenic and sightseeing rail transportation, street railroads, commuter rail or rapid transit.

Industry Products
Bulk freightIntermodal servicesPassenger servicesOther services
 
Industry Activities
Operating line-haul railroadsOperating short line railroadsOperating intercity passenger trains


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