Rail traffic fell
Canadian Pacific Railway’s (CP) overall rail traffic fell 0.4% YoY to 54,879 railcars in Week 13 from 53,422. All Class I railroad companies except Canadian National Railway (CNI) and Kansas City Southern (KSU) reported lower volumes during the week. BNSF Railway’s volumes declined the most by 10.6%, while Union Pacific’s (UNP) rail traffic fell 4% YoY.
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Canadian Pacific’s carload traffic inched down 0.8% YoY to 33,479 railcars from 33,759 in Week 13. Its carload traffic excluding coal and coke increased 5.6% YoY to 28,288 railcars from 26,797, while its coal and coke traffic fell 25.4% YoY to 5,191 units from 6,962. Canadian Pacific Railway’s fertilizer, sulfur, coal, and forest volumes fell, while its grain, chemicals, energy, plastics, metals, minerals, consumer, and automotive volumes rose.
Canadian Pacific’s intermodal volumes inched up 0.2% YoY to 21,400 containers and trailers in the week from 21,364. During the week, five of seven Class I railroad companies (XLI) recorded higher intermodal volumes. Among Class I railroads, Canadian National’s intermodal gains were the highest, while BNSF Railway’s intermodal traffic fell the most, by 5.4%.
During the first 13 weeks of this year, Canadian Pacific’s carload traffic fell 2.2% YoY to 385,481 railcars, while its intermodal traffic fell 1.9% YoY to 243,952 units. The company’s combined rail traffic declined 2.1% YoY to 629,433 railcars, containers, and trailers.