North American Rail Traffic Fell 8.3% in Week Ended Feb. 29
March 04 2020 - 1:14PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 8.3% last week as blockades in
Canada shut down rail lines, data from the Association of American
Railroads showed.
Carload volume for the week ended Feb. 29 on 12 reporting U.S.,
Canadian and Mexican railroads fell 4.2%, while intermodal traffic
tumbled 12.4%, the trade group said.
North American rail traffic was down 7% in the week ended Feb.
22. For the first nine weeks of the year, North American traffic
declined 5.1%, the AAR reported.
The AAR said U.S. rail traffic fell 9.6% last week amid a 12.5%
drop in the volume of intermodal containers and trailers. Carloads
fell 6.5% for the week, once again dragged down by a steep drop in
shipments of coal, the largest of the 10 commodity groups
tracked.
For the month of February, U.S. rail traffic fell 8.1%, with
carloads down 7.3%. Excluding coal, however, U.S. carloads fell
just 0.8% for the month, their best showing in a year, the AAR
said.
U.S. rail traffic is down 6.8% for the first nine weeks of the
year.
Canadian rail traffic fell 4.7% last week, as a 14.4% drop in
intermodal units more than offset a 3.9% rise in carloads. Canadian
rail traffic is down 2% for the first nine weeks of the year.
Mexican rail traffic fell 4.4% for the week, with carloads down
5.8% and intermodal units off 2.7%. Mexican rail traffic is up 7.2%
for the first nine weeks of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 04, 2020 12:59 ET (17:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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