North American Rail Traffic Rose 2.6% in Week Ended Oct. 17
October 21 2020 - 1:08PM
Dow Jones News
By Colin Kellaher
North American rail traffic rose 2.6% last week for a third
straight weekly increase, powered by double-digit gains in
intermodal volume in the U.S. and Canada, data from the Association
of American Railroads showed.
Carload volume fell 5% for the week ended Oct. 17 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic rose 10%, the trade group said Wednesday.
In the week ended Oct. 10, North American rail traffic rose
1.8%. For the first 42 weeks of the year, North American traffic is
now down 9.2%, compared with a year-to-date decline of 9.5%
reported a week earlier.
The AAR said U.S. rail traffic rose 2.2% last week, with an
11.3% jump in the volume of intermodal containers and trailers,
more than offsetting a 7.5% drop in carloads. U.S. rail traffic is
now down 9.8% for the year to date, the AAR said, compared with a
decline of 10.1% reported a week ago.
Canadian rail traffic rose 7.9% last week amid a 2.3% increase
in carloads and a 14.4% surge in intermodal units. Canadian rail
traffic is down 6.7% for the first 42 weeks of the year.
On a negative note, Mexican rail traffic fell 13% last week,
with carloads off 3.8% and intermodal units plunging 22.6%. Mexican
rail traffic is down 10.8% for the year so far, the AAR said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 21, 2020 12:53 ET (16:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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