North American rail traffic down 2.3% for the week ending June 17

The Association of American Railroads, AAR reported U.S. rail traffic for the week ending June 17. For this week, total U.S. weekly rail traffic was 477,126 carloads and intermodal units, down 3% compared with the same week last year. Total carloads for the week ending June 17 were 228,724 carloads, up 1.2% compared with the same week in 2022, while U.S. weekly intermodal volume was 248,402 containers and trailers, down 6.5% compared to 2022. North American rail volume for the week ending June 17, on 12 reporting U.S., Canadian and Mexican railroads totaled 332,282 carloads, up 1.3% compared with the same week last year, and 333,358 intermodal units, down 5.5% compared with last year. Total combined weekly rail traffic in North America was 665,640 carloads and intermodal units, down 2.3%. North American rail volume for the first 24 weeks of 2023 was 15,500,857 carloads and intermodal units, down 4.1% compared with 2022. 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), Greenbrier (GBX), Trinity (TRN), FreightCar America (RAIL) and Wabtec (WAB).