uploads///CSX Carloads

Why CSX’s Freight Volumes Declined in Week 44

Samuel Prince - Author

Nov. 15 2017, Updated 2:50 p.m. ET

CSX’s freight volumes

Florida-based CSX Corporation (CSX) registered a 2.3% fall in freight volumes in the 44th week, which ended on November 4, 2017. The company moved ~70,400 railcars compared with ~72,000 in the week ended November 5, 2016.

In the 44th week of 2017, the share of CSX’s other-than-coal and coke carloads fell to 75.3% compared with 77% a year ago. The company hauled ~53,000 carloads in that category compared with ~55,500 railcars in the 44th week last year. However, the coal (UNG) and coke carloads saw 4.8% volume gains in the reported week. The company moved 17,400 coal and coke carloads in 2017 compared with 16,600 units in the same week last year.

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Changes in commodity groups

These commodity groups raised CSX’s volumes in the 44th week of 2017:

  • primary metal products (RIO)
  • lumber and wood products
  • pulp and paper products
  • crushed stone, sand, and gravel

The commodity groups where volumes contracted included the following:

  • grain
  • lumber and wood products
  • petroleum and petroleum products (SLB)
  • motor vehicles and parts (TSLA)
  • non-metallic minerals

CSX’s intermodal volumes in the 44th week

Looking at the railcar volumes slump, CSX’s intermodal traffic reported a marginal shipment loss of 0.1% in the 44th week of 2017. The company hauled ~57,300 trailers and containers compared with 57,400 units in the corresponding week last year.

Containers normally account for ~95% of CSX’s intermodal volume mix. In the 44th week of 2017, container traffic contracted slightly by 0.2% to 55,300 units compared to 55,500 units in the same week of 2016. However, unlike containers, trailers reported volume gains. CSX’s trailer traffic rose 2.8% to 2,000 units compared with ~1,950 units in the 44th week last year.

In the next part, we’ll examine Kansas City Southern’s (KSU) rail freight operations in the 44th week of 2017.


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