UNP - Low carloads volume softens the growth of U.S. weekly rail traffic

The Association of American Railroads ((AAR)) reports total weekly US rail traffic up 2.5% to 520,305 carloads and intermodal units for the week ending Dec. 19, 2020. It compares to the growth of 4.8% and 4.9% in the first two weeks of Dec, 2020.Total carloads down 5.8% to 230,838 compared with the same week in 2019, while U.S. weekly intermodal volume went up 10.3% to 289,467 containers and trailers.2 of the 10 carload commodity groups posted an increase: Grain up 4,274 carloads to 25,860; and Chemicals up 879 carloads to 33,276. On the other side, coal and non-metallic minerals were among the commodities with major declines.Rail Traffic for the first 51 weeks of 2020: United States: 24,330,415 (-7.6% Y/Y); Canadian railroads: 7,377,822 (-4.3% Y/Y); Mexican railroads: 1,771,022 (-9.8% Y/Y). Related Tickers: Canadian National Railway (CNI) , Canadian Pacific Railway (CP), CSX Corp. (CSX), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), and Genesee & Wyoming (GWR).

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Low carloads volume softens the growth of U.S. weekly rail traffic