The Probe on Union Pacific Embargoes is Closed, Monitoring Continues
A recent announcement from the Surface Transportation Board stated they have closed the proceedings in relation to UP’s embargoes.
Brief refresher: Back in December 2022, the STB held a public hearing in which they examined UP’s use of more than 1,000 embargoes to relieve congestion on its network, which was almost ten times more embargoes than any other railroad, the STB said.
What’s next: UP has made several changes to combat and reduce their over-usage of embargoes. However, the STB expects UP to continue to keep in check their use of embargoes and they will continue to monitor UP’s progress.
Total Weekly Rail Traffic for the Week Ending April 20th, 2024:
- Total weekly rail traffic in the U.S. last week was 474,544 carloads and intermodal units – seeing a little less than 1 percent (0.8) increase from that same time last year, per AAR data.
- U.S. weekly intermodal volume also saw an increase (8.2%) with 257,599 containers and trailers.
- Commodities of motor vehicles and parts, petroleum and petroleum products, and forest products all saw increases. While coal, non-metallic minerals and metallic ores and metals all saw decreases.
- In the first 16 weeks of this year, North American rail volume saw a 2.1% increase – 466,666 carloads and intermodal units – from last year.
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