CSX - U.S. rail volumes up 19% for June

The Association of American ((AAR)) reports total weekly US rail traffic up 17.1% to 512,919 carloads and intermodal units for the week ending July 3, 2021.Total carloads up 22.8% to 236,846; intermodal volumes up 12.6% to 276,073 containers and trailers when compared to the same period last year.9 of the 10 carload commodity groups posted an increase, including coal, up 17,570 carloads, to 66,380; metallic ores and metals, up 9,419 carloads, to 23,185; and chemicals, up 6,179 carloads, to 34,869.For the month of June, U.S. railroads originated 1,175,232 carloads up 19.1% Y/Y."U.S. rail volumes in the second quarter of 2021 reflect an economy that is in much better shape than it was but still has room to grow. In the second quarter, total U.S. carloads were the highest since the fourth quarter of 2019; Carloads of steel-related commodities were also relatively strong in the second quarter, reflecting higher demand as the industrial economy continues

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U.S. rail volumes up 19% for June