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Comparing CSX’s Rail Traffic with the Industry in Week 24

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CSX’s carloads in Week 24

In Week 24 of 2018, Eastern US rail carrier CSX (CSX) witnessed a 2.2% YoY (year-over-year) rise in carload traffic. In that week, CSX moved 69,600 carloads, up from over 68,100 carloads in the same week in 2017. In 2018, CSX’s overall traffic is slowly getting back on track after a lackluster 2017. 

Percentage-wise, the railroad’s carload traffic growth was slightly lower than rival Norfolk Southern’s (NSC) 3.2% YoY gains. Compared with US rail carriers’ (XTN) 1.9% YoY gains, CSX’s carload traffic growth was a bit higher in Week 24.

CSX’s traffic excluding coal (BTU) and coke traffic was 75.3% in Week 24. Its coal and coke traffic was 24.7% in Week 24. Excluding coal and coke carload traffic rose 0.07% YoY to less than 52,500 units. Coal and coke carload traffic gained 9.4% YoY from ~17,200 units from just over 15,700 units.

Changes in CSX’s carload commodity groups

The following commodity groups’ shipments increased in Week 24:

  • grain
  • petroleum and petroleum products
  • primary metal products
  • pulp and paper products
  • crushed stone, sand, and gravel
  • stone, clay, and glass products

The following commodity groups’ shipments fell in Week 24:

  • grain mill products
  • chemicals
  • non-metallic minerals
  • waste and non-ferrous scrap
  • motor vehicles and parts
  • non-metallic minerals

CSX’s intermodal volumes

In Week 24, CSX’s intermodal traffic grew 3.7% YoY to ~57,500 trailers and containers compared to less than 55,500 trailers and containers. Containers, which accounted for more than 95.0% of intermodal traffic, gained 3.4% YoY. 

CSX moved over 55,200 containers in Week 24 from ~53,400 containers in the same week last year. Trailer volumes posted growth of 13.3% YoY to less than 2,300 units from ~2,000 units in 2017.

CSX’s rail traffic including intermodal fell 0.8% YoY in the first 24 weeks of 2018. On a relative basis, US railroad companies’ overall traffic gains reached 3.6% during the same period. 

In the next part, we’ll discuss Kansas City Southern’s (KSU) traffic trends.

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