North American rail traffic down 5.1% for the week ending June 10

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending June 10. For this week, total U.S. weekly rail traffic was 471,141 carloads and intermodal units, down 5.9% compared with the same week last year. Total carloads for the week ending June 10 were 228,988 carloads, up 0.6% compared with the same week in 2022, while U.S. weekly intermodal volume was 242,153 containers and trailers, down 11.2% compared to 2022. North American rail volume for the week ending June 10 on 12 reporting U.S., Canadian and Mexican railroads totaled 333,155 carloads, up 0.5% compared with the same week last year, and 326,138 intermodal units, down 10.2% compared with last year. Total combined weekly rail traffic in North America was 659,293 carloads and intermodal units, down 5.1%. North American rail volume for the first 23 weeks of 2023 was 14,835,217 carloads and intermodal units, down 4.2% 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), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL) and Wabtec (WAB).