The slump continued for U.S. railroad freight traffic during the week ended February 21, compared with traffic in 2008, the Association of American Railroads reports. U.S carload freight fell 14.2% from the comparable week in 2008, with declines of 12.8% in the West and 16.0% in the East.
U.S. railroads reported that freight volume during the week ended Feb. 14 was once again down in comparison with last year, according to the Association of American Railroads. Carload freight fell 12.2% from the level achieved in the comparable week of 2008, though AAR noted carload volume for the week reached its highest level so far in 2009 and was up 6.2% from the previous week ended February 7.
Mexico’s Federal Competition Commission (Cofeco) has fined two domestic rail companies a total of $27 million for monopolistic practices, according to Mexico City-based Reforma.com.