US Rail Traffic Data Shows Revival in Week Ended February 11
US rail traffic
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 February 11, 2017, or the sixth week of the year.
During the sixth week of 2017, US rail traffic (BRK-B) rose 2.7% YoY (year-over-year) to over 518,000 railcars, as compared to ~505,000 railcars in the week ended February 13, 2016.
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US carloads rose 3.9% YoY to ~254,000 railcars for the week, as compared to ~244,000 railcars in the week ended February 13, 2016. Intermodal volumes rose to ~265,000 units, as expressed in containers and trailers, up from ~261,000 units during the same period last year.
AAR’s outlook for 2017
AAR President and Chief Executive Officer Edward R. Hamberger stated that “we remain focused on providing the best possible rail network for our customers and all Americans.”
Hamberger added that “as a result, the freight rail industry will advocate for a simpler and fairer tax code to enhance US 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.”
On February 1, 2017, AAR disclosed that the privately owned US freight rail industry is expected to shell out more than $22 billion on capital investments. This figure is up from the 2016’s overall capex, which was particularly marked by declining coal volumes.
Canadian and Mexican rail traffic
Canadian rail traffic (CNI) rose 7.6% YoY for the week at just over 76,000 railcars, while intermodal traffic rose 2.3% settling at about 62,000 units. Mexican railroads’ (KSU) carloads fell 1.7% during the week ended February 11, 2017. Mexican intermodal traffic fell 7.6% YoY during the sixth week of 2017.
If you want to compare this week’s freight volume data with the previous week, check out Market Realist’s US Economy on the Tracks: Rail Traffic, Week Ended February 4
Continue to the next part for a look at Norfolk Southern’s carloads for the week ended February 11, 2017.