North American Rail Traffic Fell 6.3% in Week Ended Oct. 5
October 09 2019 - 1:27PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 6.3% last week amid steep drops
in carloads in the U.S. and Canada, data from the Association of
American Railroads showed.
Carload volume for the week ended Oct. 5 on 12 reporting U.S.,
Canadian and Mexican railroads slid 8.6%, while intermodal traffic
fell 3.9%, the trade group said Wednesday.
North American rail traffic was 5.9% lower in the week ended
Sept. 28. For the first 40 weeks of the year, North American volume
is now down 2.9%, compared with a year-to-date decline of 2.8%
reported a week ago.
The AAR said U.S. rail traffic fell 7.1% last week on the heels
of a 7.4% drop a week earlier. U.S. carloads fell 8.8%, paced by
double-digit declines in shipments of coal, grain, metallic ores
and metals, and motor vehicles and parts. The volume of U.S.
intermodal containers and trailers fell 5.8% for the week.
U.S. rail traffic is now down 4% for the year to date, compared
with a decline of 3.9% reported a week earlier, the AAR said.
The AAR said Canadian rail traffic fell 4.8% last week. Carloads
slid 11.7%, as shipments of metallic ores and metals tumbled 33.3%.
The decline in carloads more than offset a 3.6% rise in intermodal
units.
Mexican rail traffic was flat last week, the AAR said, with
intermodal units down 2.8% and carloads up 2.9%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 09, 2019 13:12 ET (17:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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