Canadian National’s carloads
Canadian National Railway (CNI) recorded a 1.4% fall in total railcars in the week ended August 6, 2016. The company hauled ~57,000 railcars that week, as compared to more than 57,000 units one year previously. Carloads excluding coal and coke rose by 2.3% for the reported week of 2016.
CNI’s fall in overall volumes was one-fourth that of CP’s decline in the same category. Starting in 2016, the decline in CNI’s overall carloads was higher than the fall reported by CP.
Is coal important for Canadian National?
Canadian National’s coal including coke carloads fell by 24.9% in the week ended August 6, 2016. The company moved 5,900 coal and petroleum coke railcars that week, as compared to ~8,000 units in the corresponding week of 2015. However, only 5% of CNI’s total revenues in last year came from coal transportation. Coal’s contribution to the company’s total carloads was a mere 8% that year.
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Frontrunners and laggards
In the week ended August 6, 2016, the major advancing commodity groups were:
- lumber and wood products
- crushed stone
- metallic ores
- waste and scrap materials
- grain mill products
Major declining commodity groups were:
- primary forest products
- pulp and paper products
- petroleum and chemicals
- metal products
- stone, clay, and glass
- iron and steel scrap
- farm products
Now let’s analyze the intermodal traffic of Canadian National Railway.