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North American rail traffic up 4.4% for the week ending September 7

North American rail traffic up 4.4% for the week ending September 7

The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending September 7. For this week, total U.S. weekly rail traffic was 479,179 carloads and intermodal units, up 7.3% compared with the same week last year. Total carloads for the week ending September 7 were 222,201 carloads, up 2.2% compared with the same week in 2023, while U.S. weekly intermodal volume was 256,978 containers and trailers, up 12.1% compared to 2023. Five of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included grain, up 4,920 carloads, to 19,552; chemicals, up 3,269 carloads, to 32,669; and petroleum and petroleum products, up 1,033 carloads, to 10,778. Commodity groups that posted decreases compared with the same week in 2023 included coal, down 4,024 carloads, to 63,754; motor vehicles and parts, down 1,248 carloads, to 13,663; and forest products, down 338 carloads, to 7,511. North American rail volume for the week ending September 7 on 9 reporting U.S., Canadian, and Mexican railroads totaled 323,723 carloads, down 0.1% compared with the same week last year, and 334,792 intermodal units, up 9.2% compared with last year. Total combined weekly rail traffic in North America was 658,515 carloads and intermodal units, up 4.4%. North American rail volume for the first 36 weeks of 2024 was 23,874,410 carloads and intermodal units, up 2.5% compared with 2023. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Norfolk Southern (NSC) , Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL), L.B. Foster (FSTR), Wabtec (WAB) and GATX (GATX).

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