North American Rail Traffic Rose 1.3% in Week Ended Jan. 2
By Colin Kellaher
North American rail traffic rose 1.3% last week, wrapping up a
challenging year for railroads on a positive note, data from the
Association of American Railroads showed.
Carload volume fell 4.7% for the week ended Jan. 2 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 8.1%, the trade group said Wednesday.
In the week ended Dec. 26, North American rail traffic rose 7%.
North American traffic ended the 53-week year down 6.7%, as rising
volumes in the final quarter of the year helped mitigate business
lost earlier in the year to the coronavirus pandemic.
The AAR said U.S. rail traffic rose 1.9% last week, with a 10.7%
increase in the volume of intermodal containers and trailers more
than offsetting a 6.1% drop in carloads.
U.S. rail traffic fell 7.2% for the 53-week year, the AAR said,
but the trade group noted that volumes had returned to near
prepandemic levels by the end of the year, sparked by sharply
higher grain and intermodal shipments and the reopening of auto
"It's no surprise that rail volumes were down for the year
overall, but railroads are looking to the future," said John Gray,
AAR senior vice president. "Their experience in 2020 along with
huge ongoing network investments have made the industry more
adaptable and better able to adjust to the demands of a wide range
of operational and market conditions."
Canadian rail traffic slipped 0.1% last week amid a 2.7% decline
in carloads and a 3.3% rise in intermodal volume. Canadian rail
traffic was down 4.1% for the 53-week year.
Mexican rail traffic fell 2.6% last week, as a 16% drop in
intermodal units more than offset a 10.1% rise in carloads. Mexican
rail traffic fell 9.8% for the year, the AAR said.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
January 06, 2021 13:50 ET (18:50 GMT)
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