Because of the high cost of fuel,railroads such as Union Pacific Corp and CSX Corp have increased the price they charge to haul freight.This change means that

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An increase in price charged by the railroads indicates a leftward shift in the supply curve for hauling freight. This implies that railroads are able and willing to supply less freight at the original price, due to higher costs and reduced profitability. The demand curve for hauling freight is not directly affected by the price increase, as it only reflects the willingness of buyers to purchase freight at different prices. However, the price increase may indirectly affect demand through substitution effects, as buyers may switch to alternative transport modes to avoid high prices.

Because of the High Cost of Fuel,railroads Such as Union