How Canadian National’s Rail Traffic Trended in Week 11

Rail traffic

Canadian National Railway (CNI) recorded a 1.7% YoY (year-over-year) improvement in its overall rail traffic in Week 11. The company hauled 113,505 railcars, containers, and trailers in the week compared to 111,572 units in the same week of the previous year.

How Canadian National’s Rail Traffic Trended in Week 11

Canadian National was the top volume gainer among Class I railroad companies, followed by CSX (CSX) and Norfolk Southern (NSC), which recorded volume growth of 1% and 0.3%, respectively. BNSF Railway was the worst performer, registering a volume decline of 13.5% during the week.

Canadian National Railway reported traffic growth across its carloads and intermodal units. The company’s carload traffic grew 0.8% YoY in Week 11 to 63,309 railcars from 62,786 railcars. It registered volume gains across the petroleum, chemicals, metallic ores, grain, and coke commodity groups. Commodity groups such as forest products, automotive, nonmetallic minerals, metals, and coal recorded massive volume declines.

Canadian National Railway’s carload traffic, excluding coal and coke, grew 1.5% YoY to 57,880 railcars from 57,031 railcars. The company’s coal and coke traffic fell 5.7% YoY to 5,429 units from 5,755 units in Week 11 of 2018. Kansas City Southern (KSU) recorded the highest gain in carload traffic at 8.9%.

Intermodal traffic

Canadian National Railway’s intermodal volumes grew 2.9% YoY to 50,196 containers and trailers from 48,786 units. Among all Class I railroad companies (XLI), Norfolk Southern was the highest gainer in Week 11. NSC registered YoY growth of 3.5% in its intermodal volumes.

For the first 11 weeks, Canadian National reported cumulative volumes of 672,537 carloads—up 1.6% from the same period last year. The company’s intermodal units inched up 0.2% YoY to 527,587 containers and trailers. Canadian National Railway’s combined rail traffic in the first 11 weeks of 2019 inched up 1% YoY to ~1.2 million carloads and intermodal units compared to the previous year.