UNP’s carload traffic in Week 18
So far this year, Western US rail freight giant Union Pacific’s (UNP) YoY (year-over-year) freight volume growth has lagged behind rival BNSF Railway’s (BRK.B). In Week 18, UNP’s carload traffic rose 5.2% YoY (year-over-year) to ~94,400 carloads (excluding intermodal units) from ~89,800. It underperformed BNSF Railway (BRK.B), whose carload traffic grew 10.7%, and US railroads.
Union Pacific’s carload volumes, excluding coal (ARLP) and coke, grew 7.3% YoY in Week 18, to ~75,300 carloads from ~70,100. However, its coal and coke carloads fell 2.4% YoY to ~19,100 units from ~19,600.
Changes in UNP’s commodity groups
The following shipments grew in Week 18:
- grain mill products
- crushed stone, sand, and gravel
- motor vehicles and equipment
- petroleum products
- metals and products
The following shipments fell in Week 18:
- stone, clay, and glass products
- waste and non-ferrous scrap
Union Pacific’s intermodal volumes in Week 18
In Week 18, Union Pacific‘s intermodal volumes expanded in line with its carload traffic gains, rising 9.8% YoY to ~77,800 containers and trailers from ~70,900. Its container volumes grew 9.3%, and its trailer traffic rose 22.8%.
In the first 18 weeks of this year, UNP’s total railcar traffic, including intermodal, has risen 2.0% YoY, while US railroads’ (CSX) has risen 3.4%. In the next part, we’ll discuss Norfolk Southern’s (NSC) rail traffic.