North American Rail Traffic Fell 4.8% in Week Ended Aug. 24
August 28 2019 - 12:50PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 4.8% last week, with the U.S.,
Canada and Mexico all registering declines, data from the
Association of American Railroads showed.
Carload volume for the week ended Aug. 24 on 12 reporting U.S.,
Canadian and Mexican railroads fell 4.2%, while intermodal traffic
slid 5.4%, the trade group said Wednesday.
North American rail traffic was 3.8% lower in the week ended
Aug. 17. For the first 34 weeks of the year, North American volume
is now down 2.5%, compared with a year-to-date decline of 2.4%
reported a week earlier.
The AAR said U.S. rail traffic tumbled 5.9% last week after
falling 5.2% a week earlier. U.S. carloads fell 5.3%, paced by
double-digit declines in shipments of coal, forest products, and
metallic ores and metals.
The volume of U.S. intermodal containers and trailers fell 6.5%
for the week.
U.S. rail traffic is now down 3.6% for the year to date, the AAR
said, compared with a year-to-date decline of 3.5% reported a week
ago.
The AAR said rail traffic fell 0.8% in Canada last week, as a
2.1% drop in carloads more than offset a 0.9% rise in intermodal
units.
Rail traffic slid 5.7% in Mexico last week, the AAR said, with
intermodal units plummeting 13.2%. Carloads rose 1.4% for the
week.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 28, 2019 12:35 ET (16:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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