North American Rail Traffic Rose 5.5% in Week Ended Nov. 23
30 November 2019 - 5:16AM
Dow Jones News
By Colin Kellaher
North American rail traffic rose 5.5% last week, data from the
Association of American Railroads showed, as a holiday calendar
shift in the U.S. more than offset the impact of a strike at
Canada's biggest rail network.
Carload volume for the week ended Nov. 23 on 12 reporting U.S.,
Canadian and Mexican railroads rose 1.3%, while intermodal traffic
jumped 9.9%, the trade group said.
North American rail traffic was down 7.4% in the week ended Nov.
16. For the first 47 weeks of the year, North American volume is
down 3.3%, compared with a year-to-date decline of 3.4% reported a
week earlier.
The AAR said U.S. rail traffic rose 10.6% last week, following
an 8.4% drop a week earlier, due to a calendar shift related to the
Thanksgiving holiday. U.S. carloads rose 7.6% amid gains in nine of
the 10 commodity groups tracked. The volume of U.S. intermodal
containers and trailers jumped 13.5% for the week.
U.S. rail traffic is down 4.2% for the year to date, the AAR
said, compared with a year-to-date decline of 4.5% reported a week
earlier.
The AAR said Canadian rail traffic fell 9.2% last week amid a
16.2% plunge in carloads after workers at Canadian National Railway
Co. (CNR.T) went on strike. The volume of intermodal units edged up
0.2%.
Canadian National struck a tentative agreement with the union
representing 3,200 conductors and yard-crew workers Tuesday,
bringing an end to the weeklong strike that threatened to upend
Canada's economy.
Mexican rail traffic fell 0.3% last week, the AAR said, as a 4%
drop in intermodal units more than offset a 3% rise in
carloads.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 29, 2019 13:01 ET (18:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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