Canadian Pacific’s railcars
Canadian Pacific Railway (CP) competes with Canadian National Railway (CNI) in Canada. CP’s railcar volumes in the week ended August 19, 2017, jumped 4.7% to 32,000-plus railcars. In the same week last year, the company hauled ~31,000 railcars.
Canadian Pacific Railway registered declining volumes in coal carloads unlike other-than-coal carloads. The company’s railcars excluding coal rose 7.2% in week 33 of 2017 to ~26,000 units from more than 24,000 units in the same week last year. In contrast to non-coal railcars, CNI’s coal carloads declined 4.7% to ~6,300 units in week 33 of 2017, from 6,600 railcars in the same week last year.
The percentage rise in CP’s railcar volumes in the reported week was much lower than the growth recorded by Canadian railroads. However, this metric was much higher than the marginal rise reported by US railroads in the same category.
CP’s intermodal volumes
In the week ended August 19, 2017, Canadian Pacific Railway posted a slight fall of 0.5% in intermodal volumes. The company hauled ~20,000 containers and trailers in the same week compared with slightly higher units in the week ended August 20, 2016. CP has stopped reporting separate volumes of domestic and international intermodal units.
Canadian Pacific Railway witnessed a volume loss in the intermodal space in week 33 of 2017. This was in sharp contrast with the Canadian and US railroads, which posted volume gains in the same category.
In this series, we reviewed the freight rail volumes of all Class I railroads for week 33, or the week ended August 19, 2017. For regular updates on major US railroad stocks, please visit Market Realist’s Railroads page.