North American Rail Traffic Rose 2.2% in Week Ended Feb. 27
By Colin Kellaher
North American rail traffic rose 2.2% last week, rebounding from
a steep decline brought on by severe winter weather a week earlier,
data from the Association of American Railroads showed.
Carload volume fell 7.4% for the week ended Feb. 27 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 12.4%, the trade group said Wednesday.
In the week ended Feb. 20, North American rail traffic fell
17.1%. For the first eight weeks of the year, North American rail
traffic is up 1.1%.
The AAR said U.S. rail traffic rose 1.7% last week after
tumbling 21.7% a week earlier, as an 11.6% rise in the volume of
intermodal containers and trailers more than offset an 8.5% decline
in carloads. U.S. rail traffic is up 0.6% for the first eight weeks
of the year.
Canadian rail traffic rose 8.9% last week on the strength of a
23.5% rise in intermodal units. Carloads slipped 1.6%. Canadian
rail traffic is up 5.2% for the first eight weeks of the year.
Mexican rail traffic remained soft, sliding 14.8% last week,
with carloads tumbling 16.9% and intermodal units down 12.3%.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
March 03, 2021 12:57 ET (17:57 GMT)
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