North American Rail Traffic Fell 6.2% in Week Ended Sep 7
September 11 2019 - 12:54PM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 6.2% last week, as U.S. volumes
continued to slow and Mexican railroads posted double-digit
declines, data from the Association of American Railroads
showed.
Carload volume for the week ended Sept. 7 on 12 reporting U.S.,
Canadian and Mexican railroads fell 6%, while intermodal traffic
slid 6.3%, the trade group said Wednesday.
North American rail traffic was 3.3% lower in the week ended
Aug. 31. For the first 36 weeks of the year, North American volume
is now down 2.6%, compared with a year-to-date decline of 2.5%
reported a week earlier.
The AAR said U.S. rail traffic dropped 6.6% last week after
falling 4.5% a week earlier. U.S. carloads fell 5.6% amid declines
in seven of the 10 commodity groups tracked, while the volume of
U.S. intermodal containers and trailers tumbled 7.5% for the
week.
U.S. rail traffic is now down 3.7% for the year to date, the AAR
said, compared with a year-to-date decline of 3.6% reported last
week.
The AAR said rail traffic fell 2.7% in Canada last week, as a 6%
drop in carloads more than offset a 1.4% rise in intermodal
units.
Rail traffic plunged 14.1% in Mexico last week, the AAR said,
with intermodal units down 17.8% and carloads off 10.6%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 11, 2019 12:39 ET (16:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Jul 2023 to Jul 2024