North American rail traffic down 2.9% for the week ending December 17

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending December 17. For this week, total U.S. weekly rail traffic was 476,232 carloads and intermodal units, down 5.5% compared with the same week last year.Total carloads for the week ending December 17 were 226,977 carloads, down 3.2% compared with the same week in 2021, while U.S. weekly intermodal volume was 249,255 containers and trailers, down 7.5% compared to 2021. North American rail volume for the week ending December 17, on 12 reporting U.S., Canadian and Mexican railroads totaled 330,786 carloads, up 0.2% compared with the same week last year, and 329,112 intermodal units, down 5.7% compared with last year. Total combined weekly rail traffic in North America was 659,898 carloads and intermodal units, down 2.9%. North American rail volume for the first 50 weeks of 2022 was 33,849,073 carloads and intermodal units, down 1.8% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec (WAB). Reference Link