Carload traffic

CSX (CSX) reported a 1% YoY (year-over-year) increase in rail traffic in Week 11. During the week, the company moved 124,827 railcars compared to 123,582 railcars in the same week of the previous year.

The company’s rail traffic growth was the second highest among Class I railroad companies (IYT) after Canadian National Railway (CNI).

CSX Recorded Strong Growth in Carload Traffic

The YoY improvement in the company’s rail traffic volumes was mainly attributable to strong carload growth. During the week, the company hauled 71,599 railcars (excluding intermodal), 5.5% higher than the 67,891 units it moved in Week 11 of the previous year. CSX’s carload traffic growth was the second highest among Class I railroad companies after Kansas City Southern’s (KSU) 8.9% carload traffic growth.

The company’s carload traffic excluding coal and coke increased 3.9% YoY to 54,058 railcars from 52,014 railcars. Moreover, the company’s coal and coke traffic increased 10.5% YoY to 17,541 units compared to 15,877 units in Week 11 of the previous year.

The company registered volume gains in petroleum, petroleum products, forest products, nonmetallic minerals, motor vehicles, metallic ores, coal, and coke products in Week 11. In the week, farm products, chemicals, and metal products registered lower volumes YoY.

Intermodal units declined

CSX’s intermodal unit volumes fell 4.4% YoY to 53,228 containers and trailers from 55,689 units. CSX’s container volumes fell 4.3% YoY to 51,246 units from 53,583 units. Moreover, the company’s trailer traffic plunged 7.9% YoY to 1,982 units from 2,151 units.

During Week 11, all Class I railroad companies except Canadian National and Norfolk Southern (NSC) recorded YoY declines in their intermodal units. CNI and NSC reported 2.9% and 3.5% increases in their intermodal volumes, respectively.

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