|The great steam engines will not return, but the American railroad revival is in full bloom.|
The American shale gas and oil revolution is spreading its beneficial influence on a great number of industrial activities. The great American railroad revival is a case in point:
According to data from Union Pacific (UP), the shale industry accounted for 133,000 extra UP carloads in 2012 – that’s an 84% increase from 2011. Indeed, even in the face of a coal shipment fallout, the rail industry is doing better than ever.
And the US Today reports that the railroad oil sector grew from 10,000 shipments a year to an estimated 200,000 a year in 2012.
The future for the once beleaguered U.S. and Canadian railroads is looking good:
Plus, another added benefit from America’s booming energy industry is that new manufacturing and chemical plants will also need to get their goods from landlocked states to the coast – I’m looking at you Ohio.
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|A map of the US railroad network in 1922.|