High Profits, Big Expansion Projects For U.S. Railroads

Because of higher diesel fuel prices and increased imports of containerized products, railroads are earning record profits and investing in expansion projects.

1 minute read

March 2, 2006, 7:00 AM PST

By Charles Siegel


"After years of retrenchment, railroads across North America are reporting record profit and rolling forward with huge expansion projects of the kind that haven't been seen in decades.

The growth has been fueled by a continuing flood of cargo containers filled with Asian products, which ended the coal industry's 102-year streak as rail's biggest revenue generator in 2003 and has pulled farther ahead since then.

Railroads are gaining ground on the rival trucking industry, which has been suffering from sharply higher diesel fuel costs and a shortage of long-haul drivers."

Tuesday, February 28, 2006 in The San Francisco Chronicle

courses user

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges. Corey D, Transportation Planner

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges.

Corey D, Transportation Planner

Ready to give your planning career a boost?

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

Seattle Legalizes Co-Living

A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.

December 1, 2024 - Smart Cities Dive

Times Square in New York City empty during the Covid-19 pandemic.

NYC Officials Announce Broadway Pedestrianization Project

Two blocks of the marquee street will become mostly car-free public spaces.

December 1, 2024 - StreetsBlog NYC

Broken, uneven sidewalk being damaged by large tree roots in Los Angeles, California.

The City of Broken Sidewalks

Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?

December 5, 2024 - Donald Shoup

cars

Study: Automobile Dependency Reduces Life Satisfaction

Automobile dependency has negative implications for wellbeing. This academic study finds that relying on a car for more than 50 percent of out-of-home travel is associated with significant reductions in life satisfaction.

1 hour ago - Does Car Dependence Make People Unsatisfied With Life? Evidence From a U.S. National Survey

Yellow San Diego Unified School District school bus.

San Diego School District Could Accelerate Workforce Housing Program

A proposal to build housing on five district-owned properties could yield 1,000 housing units for low- and moderate-income district employees.

2 hours ago - Governing

Red bus parked at transit station in Denver, Colorado with CO state capitol dome in background.

Denver Transit Board Approves $1.2 Billion Budget

The 2025 budget for the Regional Transportation District is the largest in the agency’s 55-year history.

3 hours ago - The Denver Post

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.