North American Rail Traffic Rose 9.5% in Week Ended March 20
By Colin Kellaher
North American rail traffic rose 9.5% last week, as intermodal
volume in the U.S. and Canada remained strong and railroads began
to lap last year's large drop in business related to widespread
shutdowns sparked by the coronavirus pandemic, data from the
Association of American Railroads showed.
Carload volume edged up 0.7% for the week ended March 20 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 18.8%, the trade group said Wednesday.
In the week ended March 13, North American rail traffic rose
10.3%. For the first 11 weeks of the year, North American rail
traffic is up 3.4%.
Amid the improving conditions, Canadian Pacific Railway Ltd. on
Sunday said it struck a deal to buy Kansas City Southern in a
transaction valued at about $25 billion that would create the first
freight-rail network linking Mexico, the U.S. and Canada.
The AAR said U.S. rail traffic rose 11.6% last week, with the
volume of intermodal containers and trailers up 19.8% and carloads
rising 2.9%. U.S. rail traffic is up 3.5% for the first 11 weeks of
Canadian rail traffic rose 6.5% last week, as a 20.4% leap in
intermodal units more than offset a 3.6% drop in carloads. Canadian
rail traffic is up 5.7% for the first 11 weeks of the year.
Mexican rail traffic fell again last week, declining 4.5% amid a
5.6% drop in carloads and a 2.9% fall in intermodal units. For the
year to date, Mexican rail traffic is down 5.7%, the AAR said.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
March 24, 2021 13:29 ET (17:29 GMT)
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