FTR | State of Freight

Rail Market Update - Week ending December 19, 2025


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This episode of FTR’s Rail and Intermodal Update focuses on year-end trends in North American rail traffic, with Joseph Towers breaking down the latest carload and intermodal performance by commodity and carrier.  The podcast also addresses the growing uncertainty surrounding the proposed Union Pacific–Norfolk Southern merger following public opposition from the Teamsters Rail Conference, setting the stage for what could be a challenging and consequential year ahead for the rail industry.

The Rail Market Update is hosted by FTR’s Senior Analyst, Rail, Joseph Towers.  As this information is presented, you are welcome to follow along and look at the graphs and indicators yourself by downloading the PDF of the presentation.

Download the PDF: https://www.ftrintel.com/rail-podcast 

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