CSX’s carloads in Week 10
Eastern US major railroad CSX (CSX) continues to see a declining trend in its carloads in 2018. The company posted a 1.4% loss of carloads in the week ended March 10, 2018, or Week 10. From ~70,200 carloads in the week ended March 11, 2017, CSX hauled ~69,200 carloads in Week 10 of 2018. After many weeks, the company reported a lower carload loss compared with rival Norfolk Southern (NSC). However, CSX’s carload contraction was in contrast with the 1.6% growth registered by US railroads overall in Week 10 of 2018.
For CSX, other than coal and coke carloads accounted for 75.8% of total carloads in Week 10 compared with 77.5% last year. Coal and coke carloads’ share grew from 22.5% in 2017 to 24.2% in 2018. The 3.6% contraction in the railroad’s carloads excluding coal and coke was offset by a 6.5% rise in coal and coke carloads. CSX moved ~52,500 carloads other than coal and coke in 2018 from ~54,500 last year. Coal and coke carloads were ~16,800 units compared with ~15,800 units in 2017.
Expanding and contracting carload commodity groups
Below are the commodity groups that reported higher carloads in Week 10:
- food products
- primary metal products
- pulp and paper products
- stone, clay, and glass products
Below are the commodity groups that dragged down overall shipments:
- grain mill products
- petroleum and petroleum products
- crushed stone, sand, and gravel
CSX’s intermodal traffic in Week 10
CSX witnessed a 5.5% gain in intermodal traffic in Week 10 of 2018. It moved ~55,400 containers and trailers that week from ~52,500 units in Week 10 of 2017. Container volumes rose 4.9% to ~53,000 units from ~50,600 units last year. Trailer traffic reported a double-digit rise of 21.8% to 2,300 units from 1,900 units last year.
On an overall basis, CSX reported an overall 1.6% shipment gain in railcar traffic. That was far lower than 6.2% growth reported by US railroads.
In the next part of this series, we’ll check the freight trends of Kansas City Southern (KSU).