Sinking lease rates, weak crude prices and tough new safety measures for transporting oil by rail have spurred a resurgence in hauling ethanol on the U.S. rail network, as some train companies convert tank cars to carry more corn-based biofuels.
The trend emerged in the past six months and marks a shift in a years-long boom in transporting crude-by-rail after rail companies, such as Greenbrier and GATX, rushed to increase tank car capacity as the U.S. shale revolution took off five years ago.
Read more from Business News Network.
Related News
- New Jersey Train Length, Crew Size Law Awaits Governor’s Signature
- CSX Conductor, Single Mother Devastated in Head-on Collision
- Union Mourns the Loss of Brother Charles Harrison
- FRA Issues Grade-Crossing Safety Advisory
- Amtrak To Give SMART-TD Members Holiday Bonuses
- Value of Unions
- 2026 Railroad Retirement and Unemployment Insurance Tax Changes
- SMART-TD Members on UP Properties Ratify Five-Year Agreement
- Railroader’s Son to Perform at Carnegie Hall
- Rail Trespassing and Suicide Fatalities Up 70%