North American Rail Traffic Rose 1.8% in Week Ended Oct. 10
October 14 2020 - 2:05PM
Dow Jones News
By Colin Kellaher
North American rail traffic posted a second straight weekly gain
last week, rising 1.8% amid strong intermodal volume in the U.S.
and Canada, data from the Association of American Railroads
showed.
Carload volume fell 3.5% for the week ended Oct. 10 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 6.9%, the trade group said Wednesday.
In the week ended Oct. 3, North American rail traffic rose 1%.
For the first 41 weeks of the year, North American traffic is now
down 9.5%, compared with a year-to-date decline of 9.8% reported a
week earlier.
The AAR said U.S. rail traffic rose 1.9% last week, as an 8.4%
rise in the volume of intermodal containers and trailers more than
offset a 5.2% decline in carloads.
Analysts at Citi earlier this week said they believe U.S. rail
fundamentals are turning, and that they expect volume to turn
positive during the fourth quarter.
U.S. rail traffic is now down 10.1% for the year to date, the
AAR said, compared with a decline of 10.4% reported a week ago.
Canadian rail traffic rose 4.7% last week, with carloads up 1.2%
and intermodal units rising 8.5%. Canadian rail traffic is down 7%
for the first 41 weeks of the year.
Partly offsetting the gains in the U.S. and Canada, Mexican rail
traffic fell 10.7% last week, with carloads down 1.1% and
intermodal units tumbling 20.2%. Mexican rail traffic is down 10.7%
for the year so far, the AAR said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 14, 2020 13:50 ET (17:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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