North American Rail Traffic Rose 2.1% in Week Ended Oct. 31
November 04 2020 - 12:50PM
Dow Jones News
By Colin Kellaher
North American rail traffic rose 2.1% last week, wrapping up a
month of gains that featured record intermodal volume in the U.S.,
data from the Association of American Railroads showed.
Carload volume fell 6.7% for the week ended Oct. 31 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 10.8%, the trade group said Wednesday.
In the week ended Oct. 24, North American rail traffic rose
1.6%. For the first 44 weeks of the year, North American traffic is
now down 8.7%, compared with a year-to-date decline of 9% reported
a week earlier.
The AAR said U.S. rail traffic rose 2.1% last week, with a 10.8%
rise in the volume of intermodal containers and trailers more than
offsetting a 7.3% drop in carloads.
"Thanks largely to rising imports and inventory restocking in
preparation for the holidays, October was the best month ever for
U.S. rail intermodal, with volumes up by a third from April of this
year," said John Gray, AAR senior vice president. "That's a
stunning increase in six months."
U.S. rail traffic is now down 9.3% for the year to date, the AAR
said, compared with a decline of 9.6% reported a week ago.
Canadian rail traffic rose 4.6% last week, as intermodal volume
surged 20.4% but carloads fell 6.3%. Canadian rail traffic is down
6.2% for the first 44 weeks of the year.
On the downside, Mexican rail traffic slumped again last week,
falling 11.9% amid a 22.5% drop in intermodal units and a 1.4%
decline in carloads. Mexican rail traffic is down 10.9% for the
year so far, the AAR said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 04, 2020 13:35 ET (18:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
CSX (NASDAQ:CSX)
Historical Stock Chart
From Aug 2024 to Sep 2024
CSX (NASDAQ:CSX)
Historical Stock Chart
From Sep 2023 to Sep 2024