CSX - U.S. weekly rail traffic down 2.1%

The Association of American Railroads ((AAR)) reports total weekly US rail traffic down 2.1% Y/Y to 518,290 carloads and intermodal units for the week ending Sept. 26, 2020.Intermodal volumes continued the upside with the Y/Y increase of 5.5% to 294,144; However, carloads down 10.5% Y/Y to 224,146.3 of the 10 carload commodity groups posted year-over year increase that includes grain (+7,061 carloads), farm products (+464 carloads), and motor vehicles and parts (+421 carloads), which is down 1,270 carloads compared to previous week. Coal, non-metallic minerals, and metallic ores and metals continued to be the carload commodities with major decline.Rail Traffic for the first 39 weeks of 2020: United States: 18,083,402 (-10.7% Y/Y); Canadian railroads: 5,474,214 (-7.7% Y/Y); Mexican railroads: 1,349,769 (-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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U.S. weekly rail traffic down 2.1%