The railroads are also facing issues within their own operations, from damaged bridges to difficulty hiring conductors, that they say are hampering them from transporting more goods.
The Omaha, Neb.-based company is making up for some of that lost business. Union Pacific’s revenue rose 13% to $5.57 billion in the quarter, helped by gains from fuel surcharges, higher prices and shipping larger volumes of products that cost more to ship, like industrial goods. Net income rose 23%. CSX posted a 3% increase in shipping volume in the third quarter; a CSX freight train traveled through Covington, Ky., last year.Mr. Foote of CSX said that while supply chains are strained globally, the railroads are handling their role of moving goods between destinations well. A bigger problem of late has been what happens after the cargo gets to its destination., equipment to put shipping containers on trucks and warehouse workers to unload them.
Satellite images show the scale of the backlog at ports in California, as ongoing supply chain issues now threaten the holiday shopping season. WSJ’s Jennifer Smith explains what’s causing the holdups for ships and cargo. Photo: Planet Labs Inc.
Precision railroad scheduling and the drastic cuts to the railroads workforce is more to blame for turning down business than any shortage of truck drivers or warehousers. The major railroads are being run into the ground by investor parasites.
Before Biden & his gang took over the WH we had 4 to 6 trains coming though the little town in West Texas I live in. Today we get 2 or 3. A shortage of workers & equipt? I don't think so. Those workers make very $$$. 🙄😡
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