Rail transport

U.S. railroad traffic and freight volume shipments slump

In this image, the camera points at train tracks.
The River Subdivision of CSX Transportation Rail Line near Saugerties, New York. Photo: Getty Images

Railroad traffic and freight volume shipments are dropping below levels seen around this same time in 2016, 2017 and 2018, data from the Association of American Railroads shows.

Why it matters: An efficiency strategy called precision scheduled railroading (PSR) could be North American railroads' "last hope for continued profit growth," Barron's magazine reports — amid concerns of global economic slowdowns, a trade war and recession across the U.S., particularly in Michigan, Hawaii, Montana, Maryland and Louisiana.

Ford dives further into urban transit

An illustration of a high-speed rail leaving a ford factory.
Illustration: Aïda Amer/Axios

Ford is starting to position itself as more than a manufacturer of cars and trucks. It also wants to be an orchestrator of urban transit, helping cities move people efficiently from A to B.

The big picture: Legacy automakers are scrambling to reinvent themselves in the face of disruptive technologies like automated vehicles and car-sharing. Ford is trying to take a more holistic approach than others, partnering with urban planners to address their cities' current transportation problems while laying the technology foundation for tomorrow's AVs.