North American Rail Traffic Fell 7.5% in Week Ended Aug. 15
August 19 2020 - 1:09PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 7.5% last week amid continued
double-digit drops in carloads, data from the Association of
American Railroads showed.
Carload volume fell 14% for the week ended Aug. 15 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic slipped 1%, the trade group said Wednesday.
In the week ended Aug. 8, North American rail traffic fell 7.2%.
For the first 33 weeks of the year, North American traffic is now
down 11.3%, compared with a year-to-date decline of 11.5% reported
a week earlier.
The AAR said U.S. rail traffic fell 6.9% last week, with a 15.9%
slide in carloads more than offsetting a 1.9% rise in the volume of
intermodal containers and trailers. Analysts at Citigroup this week
said they view a recent strong positive trend in U.S. intermodal
volume as a broad positive, given intermodal's macroeconomic
sensitivity.
U.S. rail traffic is now down 12.2% for the year to date, the
AAR said, compared with a decline of 12.4% reported a week ago.
Canadian rail traffic fell 8.9% last week, amid a 9.6% drop in
carloads and an 8.2% decline in intermodal units. Canadian rail
traffic is down 8.5% for the first 33 weeks of the year.
Mexican rail traffic was down 10.7% for the week, as carloads
fell 7.7% and intermodal units tumbled 14.1%. Mexican rail traffic
is down 10.8% for the year, the AAR said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 19, 2020 12:54 ET (16:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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