North American Rail Traffic Fell 7.4% in Week Ended Dec. 14

Date : 12/18/2019 @ 7:01PM
Source : Dow Jones News
Stock : Union Pacific Corp (UNP)
Quote : 181.72  -1.68 (-0.92%) @ 11:40PM
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North American Rail Traffic Fell 7.4% in Week Ended Dec. 14

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By Colin Kellaher

 

North American rail traffic fell 7.4% last week, extending the full-year decline, data from the Association of American Railroads showed.

Carload volume for the week ended Dec. 14 on a dozen reporting U.S., Canadian and Mexican railroads slid 7.7%, while intermodal traffic fell 7.1%, the trade group said Wednesday.

North American rail traffic was down 7.6% in the week ended Dec. 7. For the first 50 weeks of the year, North American volume is now down 3.8%, compared with a year-to-date drop of 3.7% reported a week earlier.

The AAR said U.S. rail traffic fell 8.5% last week on the heels of a 9.4% drop a week earlier. U.S. carloads fell 9%, as shipments of coal, the largest of the 10 commodity groups tracked, tumbled 20.6%. The volume of U.S. intermodal containers and trailers fell 8% for the week.

U.S. rail traffic is down 4.8% for the year to date, the trade group said.

The AAR said Canadian rail traffic fell 4% last week, as carloads slipped 3.7% and intermodal units fell 4.2%.

Mexican rail traffic fell 6.3% last week amid a 7.6% drop in carloads and a 4.9% decline in intermodal units.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

December 18, 2019 13:46 ET (18:46 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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