NSC’s carloads in Week 12
Major eastern US railroad company Norfolk Southern (NSC) saw its carload traffic in positive territory in Week 12. The company’s carload traffic was down 2.7% in the week ended March 24, 2018.
In the week, NSC moved ~70,000 carloads compared to ~71,900 carloads in the week ended March 25, 2017. Its competitor CSX (CSX) also recorded a 3.1% fall in carload volumes. Norfolk Southern’s change in carloads stood in contrast to the 2.5% gains posted by US railroad companies (GWR) on the whole in Week 12.
NSC’s carloads excluding coal (BTU) and coke fell 4.4%, crossing 48,300 units compared to over 50,500 carloads in last year’s Week 12. Its coal and coke carloads rose 1.4% in the reported week of 2018. The company hauled fewer than 21,700 carloads of coal and coke compared to ~21,400 carloads in the same week last year. Carloads other than coal and coke made up 69% of its total carloads, and its coal and coke carloads made up 31%.
Rising and falling carload commodity groups
Commodity groups that reported rises in shipments were as follows:
- metals and products
- pulp, paper, and allied products
- waste and scrap materials
Commodity groups that reported carload slumps were as follows:
- motor vehicles and equipment
- petroleum products
- grain mill products
NSC’s intermodal traffic in Week 12
Norfolk Southern reported a 7.2% rise in its intermodal traffic in Week 12. Its competitor CSX posted a very slight 0.05% rise in volumes. NSC hauled over 72,800 containers in Week 12 compared to 68,700 containers in the comparable period last year. On a year-over-year basis, its container traffic was up 6%. Its trailer volumes were up 17.6% to 9,000 trailers compared to 7,600 units last year.
For the first 12 weeks of 2018, Norfolk Southern’s railcar volumes, including intermodal, grew 2.8% compared to the 2.6% rise posted by US railroad companies (XLI) overall.
In the next article, we’ll assess CSX’s railcar traffic.