Kick-Ass: Rail Freight Traffic Hits 16-Month High
"The Association of American Railroads (AAR) said today that rail freight traffic is continuing to gain strength as weekly carload volume was at its highest level since the first week of December 2008, and weekly intermodal volume reached its highest level this year.
U.S. railroads originated 298,218 carloads during the week ended April 24, 2010, up 14.6 percent from the comparable week in 2009. However, volume was still down 10.8 percent from 2008. In order to offer a complete picture of the progress in rail traffic, AAR now reports 2010 weekly rail traffic with comparison weeks in both 2009 and 2008.
Intermodal traffic totaled 212,347 trailers and containers, up 15.1 percent from last year but down 5.4 percent compared with 2008. Compared with the same week in 2009, container volume increased 17.3 percent while trailer volume gained 4.2 percent. Compared with the same week in 2008, container volume was up 2.7 percent while trailer volume fell 34.5 percent.
All 19 carload commodity groups were up from last year, led by gains in commodities associated with the steel industry: metallic ores, up 163 percent; metals, up 80.2 percent; waste and scrap, up 59.7 percent; and coke, up 12 percent. Other notable increases included 25.3 percent for motor vehicles and equipment; 45.2 percent for primary forest products; 22.8 percent for lumber and wood products; and 13.1 percent for chemicals. Grain was up 20.1 percent, and coal rose 6 percent.
Combined North American rail volume for the first 16 weeks of 2010 on 13 reporting U.S., Canadian and Mexican railroads totaled 5,846,219 carloads, up 7.6 percent from last year, and 4,062,641 trailers and containers, up 9.9 percent from last year."
5 Comments:
Compared with the same week in 2008, container volume was up 2.7 percent while trailer volume fell 34.5 percent.
this is an unusual divergence.
anybody got a thought as to why containers and trailers are behaving so differently?
morganovich, one possible part of the divergence is Railex. Somewhat like FedEx for the rails. These are new versions of refrigerated box cars that may be replacing trailers -- that replaced refrigerated box cars!
I have seen hundreds of white box cars at the Washington "hub" and it is impressive.
is railex big enough to be making a material difference?
The table shows the 4 week rolling average of auto traffic is up 32% from a year ago. However, auto traffic is still down 31.8% compared to 2008.
The same holds true for metals, up a whopping 71% from a year ago, yet down 18.5% from two years ago.
Right direction but not quite "recovered" now is it.
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