Canadian Pacific Railway: Inside Its Freight Volumes in Week 36
Canadian Pacific’s railcars
Calgary-based Canadian Pacific Railway (CP) posted 7.4% growth in railcar volumes in the week ended September 9, 2017. The volumes grew from 29,000 railcars in the week ended September 10, 2016, to more than 31,000 units in the reported week of 2017.
The share of carloads other than coal (TCK) and coke rose to 80.2% in week 36 in 2017 from 77.3% in the same week in 2016. These commodities reported an 11.6% rise in carloads to 25,000 units from more than 22,000 railcars.
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However, there was a 6.6% fall in its coal railcar volumes. Canadian Pacific hauled 6,200 coal and coke railcars in the 36th week of 2017 compared with 6,600 carloads in the same week in 2016.
In contrast with US railroads’ (XLI) decline in railcars, Canadian Pacific Railway reported volume gains. CP’s shipment growth was in line with the rise reported by Canadian railroads.
Change in commodity groups
Commodities such as potash, forest products, energy, chemicals and plastics, metals, minerals, and consumer products reported higher year-over-year volumes in week 36. However, grain, fertilizer and sulfur, and automotive reported lower volumes in the reported week of 2017.
CP’s intermodal volumes
In the week ended September 9, 2017, Canadian Pacific Railway saw its intermodal volumes rise 2.2%. In that week, CP moved ~18,000 trailers and containers compared with slightly more than 17,000 units in the week ended September 10, 2016.
Canadian Pacific Railway’s intermodal traffic growth in percentage terms has been lower in 2017 compared with rival Canadian National Railway (CNI). However, CP’s intermodal volume rise remains ahead of its US counterparts.
Continue to the next part for an update on Genesee & Wyoming’s (GWR) freight volumes in August 2017.