North American Rail Traffic Fell 6.2% in Week Ended June 8
June 12 2019 - 1:30PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 6.2% last week amid a steep
decline in U.S. volume, data from the Association of American
Railroads showed.
Carload volume for the week ended June 8 on 12 reporting U.S.,
Canadian and Mexican railroads fell 6.4%, while intermodal traffic
fell 6.1%, the trade group said Wednesday.
North American rail traffic was 3.8% lower in the week ended
June 1. For the first 23 weeks of the year, North American volume
is now down 1.8%, compared with a year-to-date decline of 1.6%
reported a week ago.
The AAR said U.S. rail traffic fell 8.5% last week after a drop
of 6.1% drop a week earlier. U.S. carloads tumbled 9.1% for the
week, paced by a 15.9% decline in carloads of coal, the biggest of
10 commodity groups tracked. The volume of intermodal containers
and trailers fell 8%.
U.S. rail traffic is now down 2.7% for the year to date,
compared with a cumulative decline of 2.4% at the end of the
previous week, the AAR said.
The AAR said rail traffic rose 1.3% in Canada last week, with
carloads up 1.5% and intermodal units up 1%.
Rail traffic fell 3% in Mexico last week amid a 3.7% drop in
intermodal units and a 2.4% decline in carloads.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 12, 2019 13:15 ET (17:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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