Rail Transportation in the US - Industry Market Research Report

Rail Transportation in the US - Industry Market Research Report

  • October 2019 •
  • 42 pages •
  • Report ID: 198955 •
  • Format: PDF
Off the rails: Despite steady demand, revenue has declined due to setbacks in fuel prices

Abstract

Rail Transportation in the US
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 or passengers. Over the five years to 2019, expansion in the US economy has boosted demand for both domestic and foreign goods, which necessitates freight transportation. As companies seek to promote environmentally friendly practices or transport bulk goods at low cost, they turn to fuel-efficient rail transporters. Between 2015 and 2016, the prices of crude oil and natural gas collapsed. This decline resulted in lower revenue from fuel surcharges, which are commonly used by industry operators to limit the effects of volatile changes in fuel costs. The lower operating expenses resulted in greater profitability, but also lowered operators’ fuel surcharge revenue. As a result, industry revenue declined in 2016. Total trade value measures the total value of US trade, accounting for both imports and exports. A growing US Consumer Confidence Index will likely drive demand for imported products, which will increase the total value of US trade. . As manufacturing production increases and consumers spend more, demand for rail transportation services will increase. Furthermore, the recovery in oil prices is likely to result in observable increases in fuel surcharges over the next five years.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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