North American Rail Traffic Rose 25.8% in Week Ended May 1
By Colin Kellaher
North American rail traffic jumped 25.8% last week, wrapping up
a month of massive gains that lapped steep drops in business last
year due to the coronavirus pandemic, data from the Association of
American Railroads showed.
Carload volume surged 26.4% for the week ended May 1 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 25.2%, the trade group said Wednesday.
In the week ended April 24, North American rail traffic rose
24.8%. For the first 17 weeks of the year, North American rail
traffic is up 9.3%.
The AAR said U.S. rail traffic rose 29.6% last week, with
carloads up 27.2% and the volume of intermodal containers and
trailers surging 31.6%. U.S. rail traffic is now up 10.5% for the
year to date.
"A number of U.S. rail traffic categories have completely
recovered ground lost during the pandemic or are very close to
doing so," said John Gray, AAR senior vice president. "For example,
April set a new all-time record for intermodal, driven by surging
international trade and strong consumer spending."
Canadian rail traffic was up 8.7% last week amid a 16.4% rise in
carloads and a 1.1% rise in intermodal units. Canadian rail traffic
is up 7.2% for the first 17 weeks of the year.
Mexican rail traffic surged 57.3% last week, as carloads soared
69.6% and intermodal units rose 43.4%. Mexican rail traffic is up
2.8% for the year to date, the AAR said.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
May 05, 2021 13:32 ET (17:32 GMT)
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