Rail News: Jan. 16th, 2024

California Proposed Budget Includes Funding for Transportation Projects

  • $7.7 billion for high-priority transit and rail infrastructure projects to improve rail and transit between state and local services to decrease traffic congestion and greenhouse gas emissions. 
  • 1.2 billion towards improving goods movement on rail and roadways at port terminals including railyard expansions, new bridges, and zero-emission modernization projects. 
  • $350 million for grade separation projects that support critical safety improvements and expediate the movement of traffic and rail separating the vehicle roadway from the rail tracks. 

Weekly Rail Traffic for the Week Ending January 6th, 2024:

  • Total U.S. weekly rail traffic for the week ending January 6th, was 417,257 carloads and intermodal units – up 2.3 percent compared to the same time last year, per AAR data. 
  • U.S. weekly intermodal volume was 209,081 containers and trailers – up 3.7 percent compared to last year. 
  • Chemicals, farm products (excluding grain and food), and grain all saw increases. While motor vehicles and parts, coal and non-metallic minerals all saw decreases. 
  • North American rail volume in the first week of this year was up 6.6 percent from last year, at 611,146 carloads and intermodal units. 

You can check out other rail news from previous weeks, here.

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