North American Rail Traffic Fell 7.4% in Week Ended Nov. 16
November 20 2019 - 1:02PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 7.4% last week, data from the
Association of American Railroads showed, as a strike at Canada's
biggest rail network threatens to add to the declines this
week.
Carload volume for the week ended Nov. 16 on 12 reporting U.S.,
Canadian and Mexican railroads slid 7.6%, while intermodal traffic
fell 7.1%, the trade group said Wednesday.
North American rail traffic was down 5.6% in the week ended Nov.
9. For the first 46 weeks of the year, North American volume is
down 3.4%.
The AAR said U.S. rail traffic tumbled 8.4% last week following
a 5.9% drop a week earlier. U.S. carloads slid 8.9% amid declines
in nine of the 10 commodity groups tracked. The volume of U.S.
intermodal containers and trailers fell 7.9% for the week.
U.S. rail traffic is down 4.5% for the year to date, the AAR
said, compared with a year-to-date decline of 4.4% reported a week
earlier.
The AAR said Canadian rail traffic fell 5.5% last week amid a
4.4% decline in carloads and a 6.8% drop in intermodal units.
Conductors at Canadian National Railway Co. (CNR.T) went on
strike Tuesday, disrupting shipments on a rail network that carries
everything from Canada's crude-oil exports to automobiles headed to
U.S. and Canadian cities.
Mexican rail traffic fell 1.4% last week, the AAR said, as a
5.6% drop in carloads more than offset a 3.7% rise in intermodal
units.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 20, 2019 12:47 ET (17:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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