RBM&N Broke Freight, Revenue Records in 2014

Pennsylvania-based Reading, Blue Mountain and Northern Railroad had a banner year in 2014 for hauling freight, breaking records for carloads hauled and revenue earned.

The railroad handled 24,365 carloads, a 3.2 percent increase over that handled in 2013 and besting the record set 2011.

At the same time, the railroad’s anthracite coal unit-train business declined 21 percent due to price competition from foreign coal producers RBM&N said in a news release. The falling anthracite coal business was offset by 7 percent increases in domestic coal and merchandise carloads.

The merchandise business, which accounts for nearly 80 percent of total traffic, includes a such commodities as wood pulp, paper, metals, food products, plastics, forest products, chemicals and minerals.

The railroad also developed new transloading facilities in Cressona and Penobscot, Pa., that have generated substantial business growth, said RBMN President Wayne Michel.

“As a result of our local ownership, we are able to invest quickly in new facilities for ourselves and new customers to the railroad,” he said. “These new facilities and new customers enable our company to grow our business.”

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: