- The Association of American Railroads (AAR) has reported US rail traffic down 0.8% Y/Y to 498,901 carloads and intermodal units for the week ending July 23, 2022 .
- Total carloads for the week were 232,565, up 1.1% while intermodal volume was 266,336 containers and trailers, down 2.5% Y/Y.
- Overall, North America weekly rail traffic fell 1.4% Y/Y to 680,991 carloads and intermodal units, reflecting the combined volumes of U.S., Canadian and Mexican railroads.
- 5 of the 20 US carload commodity categories saw gains during the week, which included motor vehicles and parts, up 1,790 carloads, to 12,559; coal, up 1,772 carloads, to 67,719; and farm products excl. grain, and food, up 950 carloads, to 15,627
- On the other side, metallic ores and metals were down 1,516 carloads, to 21,601; petroleum and petroleum products, down 490 carloads, to 10,038; and miscellaneous carloads, down 228 carloads, to 9,468
- Canadian railroads reported 73,607 carloads for the week, down 2.2%, and 70,481 intermodal units, down 0.9%; Mexican railroads reported 21,891 carloads, down 8.5%, and intermodal units 16,111, down 7.1% Y/Y.
- Canadian National Railway ( NYSE: CNI ) stock gained on Tuesday after the railroad operator notched better-than-expected earnings results and affirmed its full-year outlook .
- Other Related Tickers : Canadian Pacific Railway ( NYSE: CP ), CSX Corp. ( CSX ), and Union Pacific ( NYSE: UNP ), Berkshire Hathaway ( BRK.A , BRK.B ), Norfolk Southern ( NYSE: NSC ), and Brookfield Infrastructure Partners ( BIP , BIPC ).
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North America rail traffic drops 1.4% as Canada gets trapped in year-ago downturn