X
<

US Freight Rail Traffic on Track, but Mexico Stays Derailed

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Part 2
US Freight Rail Traffic on Track, but Mexico Stays Derailed PART 2 OF 14

Behind Norfolk Southern Freight Volumes in Week 27

Norfolk Southern’s railcars

Norfolk Southern (NSC) offers freight rail services in the Eastern US and competes directly with CSX (CSX). NSC departed from its upward volume journey in the week ended July 8, 2017, which was the 27th week of the year. The company reported a marginal YoY (year-over-year) decline of 1.9% in its freight volumes, hauling ~56,000 railcars, compared with 57,000 railcars during the same week in 2016.

Though the coal volumes were up, NSC’s freight traffic minus coal declined last week.

Behind Norfolk Southern Freight Volumes in Week 27

Interested in ARLP? Don't miss the next report.

Receive e-mail alerts for new research on ARLP

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

NSC’s other-than-coal volumes were close to 42,000 railcars, down from ~43,000 railcars last year. The percentage change in NSC’s overall railcars came in contrast to the favorable change reported by overall US railroads (XLI) last week.

Norfolk Southern’ coal volumes

In the week ended July 8, 2017, coal’s share in NSC’s total railcars rose 1% on a YoY (year-over-year) basis. Weekly coal (ARLP) volumes rose 2.3% YoY to ~14,000 carloads.

NSC’s coal (CNX) and coke carloads jumped 23% YoY in the first 27 weeks of the current fiscal year. This growth is in line with the increase recorded by US railroads for that commodity group.  

The EIA (US Energy information administration) expects the share of coal in US total electricity generation to rise from 30% in 2016 to 31% in 2017 and next year.

Rises and declines in commodity groups

In the week ended July 8, 2017, these commodities saw gains:

  • crushed stone, sand, and gravel
  • grain
  • grain mill products
  • metals and products

These commodity groups were in the red:

  • iron and steel scrap
  • motor vehicles and equipment
  • petroleum products
  • stone, clay, and glass products

In the next part, we’ll examine Norfolk Southern’s intermodal traffic.

X

Please select a profession that best describes you: