Railroads often highlight that they are ~4x more fuel efficient than trucks, and over the long run, that’s true. But in the short term, fuel surcharge (FSC) mechanics can tell a very different story. Unlike trucking, where fuel surcharges adjust weekly based on DOE diesel averages, rail FSC programs typically lag 2–3 months behind fuel price movements. That delay is about to matter. As fuel prices surged earlier this year, rail FSCs remained relatively moderate. Consider the FSC program of...

Technology, potential industry consolidation, and evolving supply chain strategies are reshaping how freight moves across North America. For nearly two centuries, the “iron horse” has been the backbone of North American industry. Today, the rail sector is once again at an important point of transition. New digital technologies are transforming how railroads manage their networks, a potential historic merger could reshape the competitive landscape, and many companies are reevaluating the role...

As we close out 2025, I want to begin by sharing why there has been a four-month gap since our last newsletter. In September, our Vice President (and my son, Eric) suffered a sudden serious health emergency, and our family suddenly found ourselves living out the words of Psalm 46:1, “God is our refuge and strength, an ever-present help in trouble.” My priorities and workload shifted overnight, but the Lord sustained us daily with His peace and provision. We have also been encouraged by the...