uploads///CSX Carloads

Commodities that Pulled Down CSX’s Carload Traffic in Week 52

Samuel Prince - Author

Jan. 12 2018, Updated 9:40 a.m. ET

CSX’s carload traffic in the 52nd week of 2017

Jacksonville-based rail giant CSX (CSX) reported double-digit carload traffic loss in the 52nd week of 2017. The company’s carload traffic slumped 15.7% that week. CSX hauled nearly 51,000 units, compared with ~60,000 carloads in the final week of 2016.

Notably, in 2017, CSX lost some carload traffic to rival Norfolk Southern (NSC) on account of CSX’s shift toward the Precision Schedule railroading technique under the leadership of E. Hunter Harrison.

For CSX, carloads excluding coal and coke accounted for 75% of total carloads. The rest came from coal and coke carloads. Carloads other than coal and coke fell 19.2% for the week, while coal and coke carloads contracted 3.3%.

Compared with the 9.8% loss seen by US railroads (IYJ) overall, CSX’s traffic loss was much higher during the 52nd week of 2017.

Article continues below advertisement

Ascending and descending commodity groups

Not a single commodity group posted a rise in volues in the 52nd week of 2017. The following commodity groups reported major volume losses for CSX in the final week of 2017.

  • chemicals (HUN)
  • primary metal products
  • petroleum and petroleum products
  • motor vehicles and parts (TM)
  • pulp and paper products

CSX’s intermodal traffic in the 52nd week of 2017

CSX’s intermodal traffic fell 5.7% YoY (year-over-year) for the week. The company hauled ~40,400 containers and trailers, compared with ~42,800 units during the same week of the previous year.

Container volumes contracted 5.2%, and trailer traffic fell 15%. In contrast with the growth reported by US railroads overall, CSX’s carload traffic contracted 1.4% in 2017, though its intermodal traffic expanded 2.2%.

We’ll consider Kansas City Southern’s (KSU) freight traffic in the next part.


Latest iShares US Industrials News and Updates

    © Copyright 2023 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.