CNI’s carload traffic in week 36
Canadian National Railway (CNI) is the number one fright rail in Canada. In week 36, the railroad’s carload traffic declined 0.9% YoY to ~62,900 railcars from ~63,400 units in the same period last year.
Out of all class I railroads, Canadian National Railway was the only to report a YoY carload volume decline in week 36. Its prime competitor, Canadian Pacific Railway (CP) remained on the top with 10% gains. CP was followed by Union Pacific (UNP) and CSX (CSX) with respective gains of 6.4% and 5.4% in the week. In contrast to the US and Canadian railroads’ carload gains of ~4%, CNI posted a carload loss for the week.
Canadian National Railway’s railcar volumes excluding coal and coke made up 89.3% of its total carloads in week 36. Coal and coke railcars accounted for 10.7% of total carload traffic. The traffic of commodity groups except coal and coke declined marginally by ~0.5% YoY in week 36 to ~56,200 railcars. Coal and coke railcars slumped 3.9% to ~6,700 units from ~7,000 units.
Changes in CNI’s carload commodity groups
The following carload commodity groups posted increased traffic in week 36:
- lumber and wood products
- pulp and paper products
- grain mill products
The following carload commodity groups reported decreased volumes in week 36:
- primary forest products
- metals and minerals
- farm products
- food and kindred products
CNI’s intermodal volumes
Canadian National Railway’s intermodal volumes rose 3.8% YoY in week 36. The company carried ~47,800 containers for the week compared to ~46,100 units in the same period of 2017. Unlike other rail carriers’ intermodal volumes, CNI’s volumes are represented by containers only.
Canadian National Railway registered 4% YoY total volume growth in the first 36 weeks of 2018, similar to the US and Canadian railroad (FXR) companies’ ~4% gains during the period.
In the last part, we’ll go through Canadian Pacific Railway’s railcar traffic.