uploads///CP Carloads

What Boosted Canadian Pacific’s Railcar Traffic in Week 2

By

Nov. 20 2020, Updated 11:59 a.m. ET

Canadian Pacific’s railcar traffic

Calgary-based Canadian Pacific Railway (CP) posted a marginal gain of 0.6% in its carload traffic in the week ended January 13, 2018, from 29,000 carloads in the week ended January 14, 2017, to 29,300 units. The company’s volume growth was in tune with that of US railroads but contrasted with the decline posted by Canadian railroads.

CP’s carloads, excluding coal (UGAZ), rose 1.2% in the second week of 2018 to 24,000 carloads. Other-than-coal carloads accounted for 82% of Canadian Pacific Railway’s total carloads, and the remaining comprised coal carloads. Coal volumes fell 1.8% to ~5,200 carloads in 2018 from 5,300 carloads in 2017. With a better coal production outlook for Canadian coal producers in 2018, coal transportations prospects have improved for Canadian railroads (CNI).

Article continues below advertisement

Changes in carload commodity groups

The following commodity groups posted volume gains:

  • potash (POT)
  • fertilizer and sulfur
  • energy, chemicals, and plastics
  • metals, minerals, and consumer products

The following commodity groups posted volume losses:

  • grain
  • forest products
  • automotive (TM)

CP’s intermodal traffic in Week 2

Canadian Pacific Railway has been reporting consistently higher year-over-year intermodal traffic gains in the last few weeks, excluding the first week of 2018. In Week 2 of 2018, CP hauled 17,600 containers and trailers, compared with ~17,400 units in Week 2 of 2017. This year looks promising for US Class I railroads, as US industrial production has risen in recent months. US tax reform could also boost their top lines. For key updates on US Class I railroads, check out Market Realist’s Railroads page.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.