North American Rail Traffic Fell 1.9% in Week Ended Sept. 25
30 September 2021 - 4:54AM
Dow Jones News
By Colin Kellaher
North American rail traffic fell 1.9% last week as railroads
grapple with several challenges, data from the Association of
American Railroads showed.
Carload volume rose 4.6% for the week ended Sept. 25 on 12
reporting U.S., Canadian and Mexican railroads, while intermodal
traffic fell 7.3%, the trade group said Wednesday.
In the week ended Sept. 18, North American rail traffic fell
2.8%. For the first 38 weeks of the year, North American rail
traffic is up 8.2%, compared with a year-to-date gain of 8.5%
reported a week earlier.
Analysts at Cowen noted that congestion across the intermodal
rail network, auto production challenges, and severe weather have
all weighed on railroads in the third quarter.
A chip shortage in the auto industry has led to drop in carload
of motor vehicles and equipment, while a slowdown at ports has hurt
turn times and velocity in the intermodal network.
The AAR said U.S. rail traffic fell 1.3% last week, with a 7.3%
decline in the volume of intermodal containers and trailers more
than offsetting a 6.6% rise in carloads. U.S. rail traffic is up
9.3% for the first 38 weeks of the year.
Canadian rail traffic fell 4.5% last week amid a 2.5% decline in
carloads and a 6.7% drop in intermodal units. Canadian rail traffic
is up 5.3% for the first 38 weeks of the year.
Mexican rail traffic edged up 0.7% last week, as an 11.6% rise
in carloads more than offset a 10.6% drop in intermodal units.
Mexican rail traffic is up 5.9% for the year to date, the AAR
said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 29, 2021 14:39 ET (18:39 GMT)
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