Analyzing Canadian National’s Rail Traffic in Week 12

Rail traffic

In Week 12, Canadian National Railway’s (CNI) total traffic volume fell 2.2% YoY (year-over-year) to 115,404 railcars from 117,990. Six of the seven Class I railroad (XTN) companies, including CNI, reported a YoY decline in freight rail traffic during that week. Union Pacific’s (UNP) rail traffic fell the most, by 9%. Kansas City Southern (KSU) was the only Class I railroad company whose rail traffic improved, by 0.8%.

In the first 12 weeks of 2019, Canadian National Railway’s rail traffic rose 0.7% YoY to ~1.32 million units from ~1.31 million. Its carload traffic rose 1.3% YoY to 737,059 railcars, while its intermodal traffic was almost flat at 578,469 units.

Analyzing Canadian National’s Rail Traffic in Week 12

Carloads and intermodal traffic

In Week 12, Canadian National Railway’s carload traffic fell 2% YoY to 64,522 units from 65,850. Carload traffic excluding coal and coke fell 1% YoY to 59,116 railcars from 59,725 railcars, and coal and coke traffic fell 11.7% YoY to 5,406 railcars from 6,125.

Canadian National Railway recorded gains in pulp, paper, iron and steel, automotive, coke, grain, and petroleum volumes, but a massive decline in primary forest, nonmetallic mineral, metal, stone, and coal volumes.

Canadian National Railway’s intermodal volumes fell 2.4% YoY in Week 12, to 50,882 containers from 52,140. Three of the seven Class I railroad companies reported a decline in intermodal volumes. CSX (CSX) recorded the largest fall in Week 12, of 5.4%.