$99.6bn
$XX.Xbn
121k
623
$XX.Xbn
The economic rollercoaster spurred volatility. The Fed's tightening cycle restricted consumer spending, dampening trade value and industrial production, which reduced freight volumes and exacerbated revenue fluctuations. Despite these challenges, increased export demand and rising prices for coal and LNG boosted the sector. Investments in infrastructure and automation were critical in maintaining service efficiency and reliability. Major companies reinvested profits into new technologies like hydrogen and electric fuel cells, highlighting their commitment to sustainability amidst the global push to reduce emissions. Revenue is expected to increase at a CAGR of 1.3% to $99.6 billion through the end of 2024, including growth of 0.0% in 2024 alone.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $99.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Union Pacific Corp | 24,157.1 | 9,635.2 | 39.9 | |
Burlington Northern Santa Fe, Llc | 22,973.1 | 7,150.8 | 31.1 | |
Csx Corporation | 14,611.5 | 5,316.6 | 36.4 |
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Industry revenue is measured across several distinct product and services lines, including Bulk freight, Intermodal services and Passenger services. Bulk freight is the largest segment of the Rail Transportation in the US.
Rising commodity prices boosted the bulk freight segment
The Rail Transportation industry comprises companies that operate railroads across the United States. This includes large railroads (Class 1 railroads) and regional and local line-haul railroads that carry freight and passengers. The industry does not include scenic and sightseeing rail transportation, street railroads, commuter rail or rapid transit.
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NAICS 48211 - Rail Transportation in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Heightened export demand benefited rail transportation despite regulatory challenges. Rising commodity exports, particularly coal and liquefied natural gas, supported revenue...
Learn about an industry's products and services, markets and trends in international trade.
Falling shipment volumes have pressured intermodal transportation services. Faltering consumer sentiment reduced the overall trade value and volume of goods transported, lead...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to freshwater ports in the Great Lakes facilitates multimodal transport. The interconnectivity between rail, truck and ship shipping enhances logistical efficiency ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Economies of scale benefit the incumbent railroads, limiting the entry of new companies. High capital costs and the need for extensive infrastructure make it difficult for ne...
Learn about the performance of the top companies in the industry.
BNSF announced a $3.92 billion capital investment, allocating funding for core network maintenance and expansion projects. The investments aim to enhance operational efficien...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Surface Transportation Board oversees the economic regulation of railroads, including fuel surcharges. It ensures that charges correlate with actual costs and has jurisdi...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising equipment and fuel costs are boosting purchases. Inflationary pressures, climbing fuel prices and regulatory constraints on fuel surcharges are driving up operational ...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Rail Transportation in the US industry in United States is $99.6bn in 2024.
There are 623 businesses in the Rail Transportation in the US industry in United States, which has declined at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Rail Transportation in the US industry in United States has been growing at a CAGR of 1.3 % between 2019 and 2024.
Over the next five years, the Rail Transportation in the US industry in United States is expected to grow.
The biggest companies operating in the Rail Transportation market in United States are Union Pacific Corp, Burlington Northern Santa Fe, Llc and Csx Corporation
Operating line-haul railroads and Operating short line railroads are part of the Rail Transportation in the US industry.
The company holding the most market share in United States is Union Pacific Corp.
The level of competition is moderate and steady in the Rail Transportation in the US industry in United States.