North American rail traffic down 2.6% for the week ending June 24

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending June 24. For this week, total U.S. weekly rail traffic was 469,453 carloads and intermodal units, down 3.2% compared with the same week last year. Total carloads for the week ending June 24 were 222,431 carloads, down 0.4% compared with the same week in 2022, while U.S. weekly intermodal volume was 247,022 containers and trailers, down 5.5% compared to 2022. North American rail volume for the week ending June 24 on 12 reporting U.S., Canadian and Mexican railroads totaled 328,426 carloads, up 1% percent compared with the same week last year, and 327,887 intermodal units, down 5.8 percent compared with last year. Total combined weekly rail traffic in North America was 656,313 carloads and intermodal units, down 2.6%. North American rail volume for the first 25 weeks of 2023 was 16,158,745 carloads and intermodal units, down 4% 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).