Transport Topics
Final Rules Could Clear the Way for Widespread Drone Use by Next Year
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WASHINGTON - U.S. commercial drone operations could take flight on a large scale by this time next year, as federal regulators finalize rules allowing widespread unmanned aerial system use by companies, according to congressional testimony on June 17.
Intermodal Rail Traffic Rises to Highest Level on Record
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U.S. rail intermodal traffic rose to the highest level on record for the week ended June 13, the Association of American Railroads reported.
Despite Slower May, Building Permits in Best Two-Month Stretch in Almost Eight Years
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Builders in the United States began work on fewer houses in May after a surge the prior month, but the industry is having its best two months in almost eight years as its busiest time of year revs up.
World Facing Longest Oil Glut in at Least Three Decades
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Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show.
BNSF Expects Crude-by-Rail Volumes to Grow After Price Rebound
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A 37% rebound in oil prices will boost crude-by-rail shipments as drillers complete more wells and extract more crude that U.S. pipelines don't have the capacity to handle, Burlington Northern Santa Fe executive chairman Matthew Rose said June 15.
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