Rail traffic

In Week 12, Canadian Pacific Railway’s (CP) rail traffic fell 0.6% YoY (year-over-year) to 53,111 railcars from 53,422. All Class I railroad companies but Kansas City Southern (KSU) reported lower volumes during the week. Union Pacific’s (UNP) volumes fell the most, by 9%, while Canadian National Railway’s (CNI) rail traffic fell 2.2% YoY.

How Canadian Pacific’s Rail Traffic Trended in Week 12

Carload traffic

Canadian Pacific’s carload traffic fell 5% YoY to 31,501 railcars from 33,166 in Week 12. Its carload traffic excluding coal and coke fell 4.4% YoY to 25,977 railcars from 27,186, and its coal and coke traffic fell 7.6% YoY to 5,524 units from 5,980. Canadian Pacific Railway’s coal, fertilizer, sulfur, automotive, mineral, metal, forest, and consumer volumes fell, while its energy, chemicals, and plastics volumes rose.

Intermodal traffic

Canadian Pacific’s intermodal volumes grew in Week 12, by 6.7% YoY to 21,610 containers and trailers from 20,256. During the week, four of seven Class I railroad companies recorded higher intermodal volumes. Among Class I railroads (IYT), Canadian Pacific’s intermodal gains were the highest, while CSX’s (CSX) intermodal traffic fell the most, by 5.4%.

During the first 12 weeks of this year, Canadian Pacific’s carload traffic fell 2.2% YoY to 352,764 railcars, while its intermodal traffic fell 2% YoY to 222,505 units. The company’s combined rail traffic fell 2.1% YoY to 575,269 railcars, containers, and trailers.

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