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Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.

CSX Corp. became the latest Class I freight railroad to report lower earnings because of the COVID-19 pandemic when it reported second-quarter results July 22.

The COVID-19 pandemic hit Kansas City Southern’s second-quarter profits as net income slipped to $110.3 million or $1.16 per share, compared with $129.1 million or $1.29 per share in second-quarter 2019, the Class I railroad reported July 17.

Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.

Truck tonnage in June declined 1.3% when compared with year-ago levels, but on a monthly basis surged 8.7% above May.

After six consecutive weeks of increases, the national retail price of diesel fuel fell by five-tenths of a cent to $2.433 a gallon from $2.438 the previous week.

The COVID-19 pandemic and Trump administration trade policies with China will result in at least a 15% drop in cargo this year at the Port of Los Angeles, the nation’s busiest seaport.

The U.S. economy, which had begun to improve, is now in jeopardy of stalling amid rising cases of COVID-19 infections.

The trucking industry collectively moved 11.84 billion tons of freight in 2019, according to American Trucking Associations’ annual data compendium — ATA American Trucking Trends 2020 — which was released July 13. That figure is a 3% year-over-year increase from 2018’s 11.49 tons of freight.

The national average retail price of diesel rose for the fifth consecutive week, up seven-tenths of a cent to $2.437 a gallon.