North American Rail Traffic Rose 0.7% in Week Ended Jan. 30
February 03 2021 - 1:00PM
Dow Jones News
By Colin Kellaher
North American rail traffic edged up 0.7% last week, wrapping up
a month of gains to start the year, data from the Association of
American Railroads showed.
Carload volume fell 3.4% for the week ended Jan. 30 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 4.7%, the trade group said Wednesday.
In the week ended Jan. 23, North American rail traffic rose
7.4%. For the first four weeks of the year, North American rail
traffic is up 4.9%.
The AAR said U.S. rail traffic rose 2.1% last week, as a 7.6%
increase in the volume of intermodal containers and trailers more
than offset a 4.1% decline in carloads. U.S. rail traffic is up
5.3% for the first four weeks of the year.
"We are encouraged by rail volumes in January," John Gray, AAR
senior vice president, said of the U.S. data. "To be sure, the
economy remains under strain with a good deal of uncertainty, but
we're cautiously optimistic about the future."
Canadian rail traffic fell 3.3% last week amid a 3.4% decline in
carloads and a 3.3% drop in intermodal volume. Canadian rail
traffic is up 5.6% for the first four weeks of the year.
Mexican rail traffic slipped 0.6% last week, as a 6% drop in
intermodal units more than offset a 4.5% rise in carloads, the AAR
said. Mexican rail traffic is down 3.7% for the first four weeks of
the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 03, 2021 12:45 ET (17:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Sep 2024 to Oct 2024
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Oct 2023 to Oct 2024