North American rail traffic down 0.1% for the week ending January 27

The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending January 27. For this week, total U.S. weekly rail traffic was 467,222 carloads and intermodal units, up 0.7% compared with the same week last year. Total carloads for the week ending January 27 were 208,131 carloads, down 9% compared with the same week in 2023, while U.S. weekly intermodal volume was 259,091 containers and trailers, up 10.1% compared to 2023. North American rail volume for the week ending January 27 on 12 reporting U.S., Canadian and Mexican railroads totaled 313,288 carloads, down 7.2% compared with the same week last year, and 339,611 intermodal units, up 7.4% compared with last year. Total combined weekly rail traffic in North America was 652,899 carloads and intermodal units, down 0.1%. North American rail volume for the first four weeks of 2024 was 2,431,427 carloads and intermodal units, down 4.2% compared with 2023. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Kansas City Southern (KSU), Norfolk Southern (NSC) ,Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL), Wabtec (WAB) and Rail Vision (RVSN.)