North American Rail Traffic Rose 28% in Week Ended April 17
By Colin Kellaher
North American rail traffic surged 28% last week, as railroads
continued to lap steep plunges in business last year related to the
coronavirus pandemic, data from the Association of American
Carload volume rose 23.2% for the week ended April 17 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic soared 32.5%, the trade group said.
In the week ended April 10, North American rail traffic rose
22.2%. For the first 15 weeks of the year, North American rail
traffic is up 7.4%.
In the week ended April 11, 2020, North American rail traffic
tumbled 20%, as vast swaths of the economy remain paralyzed by the
The AAR said U.S. rail traffic rose 32.3% last week, with the
volume of intermodal containers and trailers jumping 38.3% and
carloads rising 25.2%. U.S. rail traffic is up 8.2% for the first
15 weeks of the year.
Canadian rail traffic rose 12.4% last week amid a 10.4% rise in
intermodal units and a 14.2% increase in carloads. Canadian rail
traffic is up 7.2% for the first 15 weeks of the year.
Mexican rail traffic rocketed 45% higher last week amid gains of
41.6% in carloads and 49.3% in intermodal units. For the year to
date, Mexican rail traffic is down 1.6%, the AAR said.
Amid the improving industry conditions, Canadian National
Railway Co. made a roughly $30 billion bid for Kansas City
Southern, potentially kicking off a bidding war with rival Canadian
Pacific Railway Ltd., which last month reached a $25 billion deal
to buy Kansas City Southern.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
April 22, 2021 10:25 ET (14:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.