North American Rail Traffic Fell 6.4% in Week Ended March 7
March 11 2020 - 1:55PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 6.4% last week, paced by a
double-digit drop in U.S. intermodal volume, data from the
Association of American Railroads showed.
Carload volume for the week ended March 7 on 12 reporting U.S.,
Canadian and Mexican railroads slipped 0.6%, while intermodal
traffic slid 11.9%, the trade group said Wednesday.
North American rail traffic was down 8.3% in the week ended Feb.
29. For the first 10 weeks of the year, North American traffic
declined 5.2%, the AAR reported.
The AAR said U.S. rail traffic fell 9.1% last week, amid a 14.1%
drop in the volume of intermodal containers and trailers that
appears to be related to the coronavirus epidemic.
"With the number of ships arriving at West Coast ports from Asia
down sharply due to the coronavirus, it stands to reason that
railroads are beginning to feel an impact too, at least in terms of
intermodal," said John Gray, AAR senior vice president, adding that
the group can't yet quantify the impact with precision.
U.S. carloads fell 3.5% last week, as a 23.4% drop in shipments
of coal, the largest of the 10 commodity groups tracked, more than
offset rises in most other categories. U.S. rail traffic is down 7%
for the first 10 weeks of the year.
Canadian rail traffic rose 3.2% last week, as blockades by
protesters of a natural-gas pipeline came to an end. A 10.8% rise
in carloads more than offset a 5.3% decline in intermodal units.
Canadian rail traffic is down 1.5% for the first 10 weeks of the
year.
Mexican rail traffic fell 6.7% for the week, with carloads off
9.6% and intermodal units down 3%. Mexican rail traffic is up 5.4%
for the first 10 weeks of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 11, 2020 13:40 ET (17:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
CSX (NASDAQ:CSX)
Historical Stock Chart
From Aug 2024 to Sep 2024
CSX (NASDAQ:CSX)
Historical Stock Chart
From Sep 2023 to Sep 2024