BIPC - U.S. weekly rail traffic falls 1.2% year-over-year

2023-11-01 15:39:29 ET

• • The Association of American Railroads [AAR] reported on Wednesday that for the week ending October 28, 2023, U.S. rail traffic was 499,389 carloads and intermodal units, down 1.2% year-over-year.
  • Total carloads for the week fell 4.2% to 227,575 carloads, while U.S. weekly intermodal volume was 271,814 containers and trailers, rising 1.5%.
  • Three of the 10 carload commodity groups posted a year-over-year increase for the week. They included chemicals, petroleum & petroleum products, and farm products excl. grain, & food.
  • Commodity groups that fell year-over-year for the week included coal, nonmetallic minerals, and grain.
  • North American rail volume for the week, on 12 reporting U.S., Canadian and Mexican railroads was 339,642 carloads, a decrease of 2.6%, and 353,354 intermodal units, down 0.8%.
  • Canadian railroads reported 95,880 carloads for the week, up 3.8%, and 70,444 intermodal units, down 7.1%.
  • Mexican railroads reported 16,187 carloads for the week, down 13.5%, and 11,096 intermodal units, down 11.5%.
  • Related Tickers: Canadian Pacific Railway ( CP ), Canadian National Railway ( CNI ), CSX Corp. ( CSX ), and Union Pacific ( UNP ), Berkshire Hathaway ( BRK.A ) ( BRK.B ), Norfolk Southern ( NSC ), and Brookfield Infrastructure Partners ( BIP ) ( BIPC )

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