Recession Pounds Rail Industry; Trains Carry 20% Less Cargo Than in 2008

January 14, 2010 /EIN PRESSWIRE/ U.S. railroads were squeezed by the hand of the market as railways carried 20% less freight in 2009 than in 2008.

Coal, lumber and motor vehicle parts traditionally carried by the likes of Union Pacific and Burlington Northern Santa Fe (BNSF) saw their demand weaken dramatically, and with less to ship, the rail carriers shed than 20,000 jobs.

Several analysts are predicting increased rail traffic in 2010, and Warren Buffett’s Berkshire Hathaway went so far as to spend $34 billion to buy BNSF. But if the analysts are wrong, how will the rail industry bounce back after two devastating years?

Follow this story and more at Shipping & Logistics Industry Today:

Latest Shipping & Logistics News –
Latest Union Pacific Railroad News –
Latest BNSF Railway News –
Latest Federal Railroad Administration News –

Located at, Shipping & Logistics Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest shipping news from around the country, saving them valuable time they’d spend searching for information. New users to Shipping & Logistics Industry Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at and the latest world news in more than 80 different industries at