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Freight Rail Traffic: CSX Lags behind Peers in Week 49

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CSX’s carloads in Week 49

In 2017, among all Class I railroads, Jacksonville-headquartered CSX (CSX) has consistently reported lower YoY (year-over-year) freight volumes. The week ended December 9 was a no exception. In that week, CSX reported a 1.8% decline in carload traffic. CSX’s carload volumes fell to ~71,000 units from ~72,100 carloads in the week ended December 10, 2016.

In the 49th week of 2017, the company’s carloads, other than coal (UGAZ) and coke, fell 0.9% to 53,000 units from 53,500 units in 2016. Coal and coke carloads fell 4% to 18,000 units from 18,700 units. While other US railroads reported higher carloads, CSX’s were lower.

Changes in commodity groups

The following commodity groups recorded higher volumes in Week 49:

  • chemicals (DOW)
  • petroleum and petroleum products
  • crushed stone, sand, and gravel
  • stone, clay, and glass products

The following commodity groups recorded lower volumes in Week 49:

  • grain
  • pulp and paper products
  • non-metallic minerals
  • iron and steel scrap
  • waste and non-ferrous scrap
  • motor vehicles and parts (TM)

CSX’s intermodal traffic in Week 49

In Week 49, CSX reported a marginal 0.8% gain in intermodal traffic, moving ~56,100 containers and trailers that week. Container traffic growth was slightly lower, at 0.5%. CSX hauled ~53,000 containers. Trailer volumes rose 5.4% to ~3,100 trailers from ~3,000 trailers last year. In the next part, we’ll look at Kansas City Southern’s (KSU) freight traffic.

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