Canadian National Railway Saw the Most Traffic Growth in Week 50



CNI’s carload traffic

Canadian National Railway (CNI) has witnessed YoY (year-over-year) carload gains in recent weeks. Before that, its carload growth was in negative territory for many weeks. In the week ended December 16, 2017, or week 50, CNI’s carload traffic jumped 6.5% to over 63,000 carloads. The company hauled around 59,300 carloads in the week ended December 17, 2016.

In the 50th week, Canadian National Railway’s freight volume gains were the highest among all the US Class I railroads (IYJ). Compared with US railroads’ volume gains, CNI raced far ahead this year. CNI’s other than coal and coke carloads went up 7.1% to ~56,000 units in 2017 from nearly 52,200 units last year. Coal carloads also rose 2%, crossing 7,200 units from ~7,100 units in week 50 of 2016.

Changes in carload commodity groups

Canadian National Railway reported volume gains in the following commodity groups:

  • petroleum products
  • chemicals (DOW)
  • non-metallic minerals
  • metals and minerals

The following commodity groups reported lower volumes in week 50:

  • lumber and wood products
  • pulp and paper products
  • automotive
  • grain
  • grain mill products

CNI’s intermodal traffic in week 50

Canadian National Railway recorded a huge 25.4% YoY (year-over-year) rise in intermodal volumes in the week ended December 16, 2017. Unlike other Class I railroads, the company’s intermodal traffic includes only containers. CNI hauled 50,700 plus containers and trailers, up 10,300 units from last year’s levels.

So far in 2017, Canadian National Railway has witnessed far superior intermodal volume gains among all the major railroads in the US. The company’s 13.4% volume rise including intermodal was the highest among all the Class I railroads (UNP) in the US in week 50.

In the final part, we’ll consider the freight traffic data of Canadian Pacific Railway (CP).

More From Market Realist