CSX - U.S. weekly rail traffic falls 2.4% from year ago

2023-07-19 16:23:12 ET

• The Association of American Railroads ( AAR ) reported on Wednesday that for the week ending July 15, 2023, U.S. rail traffic was 478,153 carloads and intermodal units, down 2.4% Y/Y.
• Total carloads for the week rose 0.9% to 225,609 carloads, while U.S. weekly intermodal volume was 252,544 containers and trailers, dropping 5.3%.
• Seven of the ten carload commodity groups reported an Y/Y increase for the week. They included motor vehicles and parts, nonmetallic minerals, and petroleum and petroleum products.
• Commodity groups that fell year-over-year for the week included grain, forest products, and coal.
• North American rail volume for the week, on 12 reporting U.S., Canadian and Mexican railroads was 329,965 carloads, up 0.9%, and 313,660 intermodal units, down 12%.
• Canadian railroads reported 87,054 carloads for the week, up 1.2%, and 49,682 intermodal units, down 36.3%.
• Mexican railroads reported 17,302 carloads for the week, flat Y/Y, and 11,434 intermodal units, down 4.6%.
• 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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