Rail Transportation in the US
Over the five years to 2018, steady growth in the US economy has led to a rise in demand for both domestic and foreign goods. These goods require freight transportation. As companies seek to promote environmentally friendly practices, they have turned to more fuel-efficient rail transporters to move their goods. Growth of oil production during the early part of the five-year period led to energy companies increasingly using rails to transport their oil as the pipeline networks work to keep up with production. Over the five years to 2018, industry revenue is expected to decline. Over the next five years, as manufacturing production increases and consumers begin to 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. Regardless, the industry will continue to experience headwinds from the coal industry. Over the five years to 2023, industry revenue is projected to increase at an annualized rate of 2.5% to $89.2 billion.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook