North American Rail Traffic Rose 0.8% in Week Ended Nov. 7
November 11 2020 - 1:52PM
Dow Jones News
By Colin Kellaher
North American rail traffic edged up 0.8% last week, as strong
intermodal volumes once again more than offset weakness in carloads
to pace a sixth straight week of gains, data from the Association
of American Railroads showed.
Carload volume fell 7.7% for the week ended Nov. 7 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 9.2%, the trade group said Wednesday.
In the week ended Oct. 31, North American rail traffic rose
2.1%. For the first 45 weeks of the year, North American traffic is
now down 8.5%, compared with a year-to-date decline of 8.7%
reported a week earlier.
The AAR said U.S. rail traffic rose 1.3% last week, with
carloads down 8.4% and the volume of intermodal containers and
trailers rising 10.3%. U.S. rail traffic is now down 9.1% for the
year to date, the AAR said, compared with a decline of 9.3%
reported a week ago.
Canadian rail traffic rose 3% last week, as intermodal volume
rose 14.1% and carloads fell 6.1%. Canadian rail traffic is down 6%
for the first 45 weeks of the year.
Mexican rail traffic continued to slide last week, falling 14.3%
amid a 24% plunge in intermodal units and a 5.7% drop in carloads.
Mexican rail traffic is down 10.2% for the year so far, the AAR
said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 11, 2020 13:37 ET (18:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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