US and Canada Freight Rail Weekly Traffic Up, Mexican Volume Down
US freight rail weekly
Every week, the AAR (Association of American Railroads) publishes the North American freight rail data for the previous week. The latest is for the week ended January 28, 2017. During the week, US rail traffic (UNP) rose 3.3% to ~530,000 units from ~513,000 units in the week ended January 30, 2016. If you want to compare this week’s freight volume data with the previous week’s, read Tracking Freight Rail Traffic for the Week Ended January 21.
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In the week ended January 28, 2017, US carloads rose 4.3% to around 260,000 railcars, from ~249,000 railcars in the week ended January 30, 2016. Intermodal volumes also rose, to ~270,000 from ~264,000 units during the same period last year.
AAR’s outlook for 2017
AAR president and CEO Edward R. Hamberger stated that “we remain focused on providing the best possible rail network for our customers and all Americans.” He added that “as a result, the freight rail industry will advocate for a simpler and fairer tax code to enhance U.S economic development, promote growth and reduce debt. Freight railroads will also push for a sustainable funding source that provides for aggressive investment in public infrastructure.”
Canadian and Mexican rail traffic
In the latest reported week, Canadian rail traffic (CNI) rose 14%, while intermodal traffic rose 3.6%. Mexican railroads’ (KSU) carloads fell 3.8% during the week ended January 28, 2017. However, Mexican intermodal traffic was up 2.8% during the fourth week of 2017.
Investors interested in ETFs could opt for the Vanguard Dividend Appreciation ETF (VIG). All US Class I railroads (NSC) are included in VIG’s portfolio holdings. Continue to the next part for a look at Norfolk Southern’s carloads for the week ended January 28, 2017.