Industry Analysis & Industry Trends
The Rail Transportation industry is on the right track, unimpeded by rising fuel prices and environmental concerns that hamper other modes of transportation. The resurgence of the industry's popularity will be supported by a high level of technological change, leading to more powerful and fuel-efficient locomotives. Furthermore, higher production levels and greater consumer spending will support industry demand... purchase to read more
Industry Report - Industry Analysis Chapter
Rail transportation has made a comeback over the past few years. Increased fuel efficiency, as well as a growing demand for bulk freight transportation and a lower carbon footprint, have resulted in greater demand for the Rail Transportation industry's services. Recent fluctuations in the price of oil have also made rail transportation more competitive compared with other forms of transportation; this issue has particularly affected freight trucking because trains are estimated to be four times more fuel efficient than trucks on a per-ton, per-mile basis, according to major industry player CSX.
The speedy growth of oil prices led to strong industry growth, particularly in 2010 and 2011. As oil prices began to stabilize, revenue growth also slowed... purchase to read more