North American rail traffic down 4.2% for the week ending August12

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending August 12. For this week, total U.S. weekly rail traffic was 472,498 carloads and intermodal units, down 4.2% compared with the same week last year. Total carloads for the week ending August 12 were 224,412 carloads, down 3% compared with the same week in 2022, while U.S. weekly intermodal volume was 248,086 containers and trailers, down 5.3% compared to 2022. Three of the 10 carload commodity groups posted an increase compared with the same week in 2022. They were motor vehicles and parts, up 1,534 carloads, to 14,945; petroleum and petroleum products, up 1,419 carloads, to 9,952; and miscellaneous carloads, up 695 carloads, to 9,281…North American rail volume for the week ending August 12, on 12 reporting U.S., Canadian and Mexican railroads totaled 329,821 carloads, down 0.7% compared with the same week last year, and 329,158 intermodal units, down 7.5% compared with last year. Total combined weekly rail traffic in North America was 658,979 carloads and intermodal units, down 4.2%. 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), (GBX),Trinity Industries (TRN), FreightCar America (RAIL), Wabtec (WAB) and Rail Vision (RVSN).