North American Rail Traffic Rose 3% in Week Ended Jan. 9
By Colin Kellaher
North American rail traffic rose 3% last week, starting the new
year on a positive note amid strong intermodal gains in the U.S.
and Canada, data from the Association of American Railroads
Carload volume fell 2.5% for the week ended Jan. 9 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 8.3%, the trade group said Wednesday.
In the week ended Jan. 2, North American rail traffic rose 1.3%,
wrapping up a year that saw an overall decline of 6.7%.
Analysts at Citi this week said railroad fundamentals "are
probably as good as we've seen," and that they estimate volume
could be up 8% this year.
The AAR said U.S. rail traffic rose 4.7% last week, with a 10.4%
increase in the volume of intermodal containers and trailers more
than offsetting a 1.6% decline in carloads.
Canadian rail traffic rose 1.3% last week amid a 3.3% decline in
carloads and a 6.6% rise in intermodal volume.
Mexican rail traffic tumbled 13% last week, with carloads
falling 10.7% and intermodal volume sliding 15.6%, the AAR
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
January 13, 2021 13:03 ET (18:03 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.