| Description |
Shipping, surface transportation, and automotive have been added to Moody's list of industries facing "elevated" risk due to environmental regulations. The biggest near-term challenge is the International Maritime Organizations rule capping sulfur emissions. For the rail industry, coal volumes are declined due to the desire for cleaner fuel, requiring the industry to tap other freight sources. Since the trucking industry has been dealing with stricter standards on diesel emissions for decades, the cost of future regulations should not be as significant as for the other modes. |
