Canadian Pacific Railway Was Top Volume Gainer in Week 46

CP’s rail traffic

In week 46, Canadian Pacific Railway (CP) reported 10% YoY total traffic volume growth. It moved 54,611 railcars compared to 49,628 units in week 46 of 2017. The company ranked first in terms of week 46 traffic volume growth among all class I railroads. Its prime competitor, Canadian National Railway (CNI), had the second highest gains in rail traffic during the week. Union Pacific (UNP) and CSX (CSX) were in third and fourth places with 2% and 1.3% gains, respectively.

Canadian Pacific Railway Was Top Volume Gainer in Week 46

Canadian Pacific Railway’s YoY rail traffic gains were 5.1% in the first 46 weeks of 2018. Its traffic growth was higher than US railroads’ (XLI) 3.7% and Canadian rail carriers’ 3.6% gains during the same period.

Carloads and intermodal traffic

Canadian Pacific Railway’s carload traffic increased 11% YoY to 34,680. Traffic of commodity groups other than coal made up 83% of total carloads. Coal carloads made up 17% of total carloads. Traffic of commodity groups excluding coal rose 7.6% YoY to 28,732 railcars in week 46 from 26,696 units in week 46 of 2017. Coal carloads increased ~31% YoY to 5,948 railcars from 4,542 units.

Commodity groups excluding coal that reported notable volume growth in week 46 included grain, potash, fertilizer and sulphur, forest products, energy, chemicals, and plastics. Commodity groups that recorded a YoY decline in week 46 volumes included metals, minerals, consumer products, and automotive.

Canadian Pacific Railway’s intermodal traffic grew 8.4% YoY in week 46. The railroad moved 19,931 containers and trailers in the week compared to 18,390 units in the same week last year. The company doesn’t report container and trailer traffic separately unlike other class I railroad companies.

In the next part, we’ll look at Canadian National Railway’s rail traffic.