Week 14: US Freight Rail Traffic Offers a Ray of Hope
US freight rail traffic
Every week, the AAR (Association of American Railroads) publishes North American freight rail data for the previous week. The latest figures are for the week ended April 8, 2017, or the 14th week of 2017.
During that week, US rail traffic (BRK-B) rose 7.1% YoY (year-over-year) to ~513,000 railcars. That compares to nearly 479,000 railcars in the week ended April 9, 2016.
US freight rail traffic volumes in the 14th week of 2017 were in the fast lane. US carloads rose 9.8% YoY to ~252,000 railcars compared to more than 229,000 railcars in the week ended April 9, 2016. US intermodal volumes rose a marginal 4.6% to ~261,000 units compared to 250,000 units during the corresponding period last year.
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If you want to compare this week’s freight volume data with the previous week’s data, check out Market Realist’s Week 13: US Freight Rail Volumes on a Growth Trajectory.
Data from the first 14 weeks
Total US carload traffic for the first 14 weeks of 2017 was ~3.5 million carloads, a rise of 6.0% compared to the same period last year. Even intermodal traffic rose 1.7% from its 2016 level.
The total combined US traffic for the first 14 weeks of 2017 reached more than 6.8 million carloads and intermodal units, representing a rise of 7.5% compared to the same period last year.
Canadian and Mexican rail traffic
Canadian rail traffic (CNI) rose 10.2% YoY to nearly 78,000 railcars, while Canadian intermodal traffic rose 10.2% to settle at nearly 63,000 units. For Mexican rail traffic (KSU), carloads rose 3.8% YoY during the week ended April 8, 2017, and intermodal traffic fell 3.7% YoY that same week.
Let’s move on to the next part of the series to look at Norfolk Southern’s carloads for the week ended April 8, 2017.