- The Association of American Railroads [AAR] reported on Wednesday that for the week ending March 23, 2024, U.S. rail traffic was 470,593 carloads and intermodal units, up 2.1% year-over-year.
- Total carloads for the week fell 6.1% to 215,277 carloads, while U.S. weekly intermodal volume was 255,316 containers and trailers, rising 10.2%.
- Five of the 10 carload commodity groups posted a year-over-year increase for the week. They included grain, chemicals, and motor vehicles and parts.
- Commodity groups that fell year-over-year for the week included coal, nonmetallic minerals, and metallic ores and metals.
- North American rail volume for the week, on 10 reporting U.S., Canadian and Mexican railroads was 324,001 carloads, down 5.3% year-over-year, and 340,799 intermodal units, up 9.4%.
- Canadian railroads reported 91,620 carloads for the week, down 3.1%, and 73,851 intermodal units, up 7.9%.
- Mexican railroads reported 17,104 carloads for the week, down 7.8%, and 11,632 intermodal units, up 3.2%.
- "The top priority following the tragic collapse of the Francis Scott Key Bridge must be supporting the individuals and families impacted,” said AAR SVP of Policy and Economics Rand Ghayad. “At this time, there are many unknowns about the long-term business impacts. However, recent years have shown us the resilience of railroads and the broader logistics sector in adapting swiftly to challenges while continuing to serve our customers."
- Related Tickers: Canadian Pacific Railway (CP), Canadian National Railway (CNI), CSX Corp. (CSX), and Union Pacific (UNP), Norfolk Southern (NSC), and Brookfield Infrastructure Partners (BIP) (BIPC)
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