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[MiamiGent]

U.S. weekly rail traffic jumps 3.4% year-over-year

Jan. 03, 2024 5:51 PM ET CNI, CP, CSX, NSC, UNP, BRK.A, BRK.B, BIP, BIPC
By: Vansh Agarwal, Seeking Alpha News Editor

The Association of American Railroads [AAR] reported on Wednesday that for the week ending December 30, 2023, U.S. rail traffic was 370,800 carloads and intermodal units, up 3.4% year-over-year.

Total carloads for the week rose 4.1% to 182,062 carloads, while U.S. weekly intermodal volume was 188,738 containers and trailers, rising 2.7%.
Six of the 10 carload commodity groups posted a year-over-year increase for the week. They included chemicals, farm products excl. grain, and food, and petroleum and petroleum products.

Commodity groups that fell year-over-year for the week included motor vehicles and parts, miscellaneous carloads, and nonmetallic minerals.
North American rail volume for the week, on 12 reporting U.S., Canadian and Mexican railroads was 270,807 carloads, up 5% year-over-year, and 254,475 intermodal units, up 3.8%.

Canadian railroads reported 75,463 carloads for the week, up 9.9%, and 56,220 intermodal units, up 6.4%.

Mexican railroads reported 13,282 carloads for the week, down 8.1%, and 9,517 intermodal units, up 13.1%.

Related Tickers: Canadian Pacific Railway (CP), Canadian National Railway (CNI), CSX Corp. (CSX), and Union Pacific (UNP), Berkshire Hathaway (BRK.A) (BRK.B), Norfolk Southern (NSC), and Brookfield Infrastructure Partners (BIP) (BIPC)