North American rail traffic down 5.8% for the week ending July 8

The Association of American Railroads or AAR reported U.S. rail traffic for the week ending July 15. For this week, total U.S. weekly rail traffic was 478,153 carloads and intermodal units, down 2.4% compared with the same week last year. Total carloads for the week ending July 15 were 225,609 carloads, up 0.9% compared with the same week in 2022, while U.S. weekly intermodal volume was 252,544 containers and trailers, down 5.3% compared to 2022. North American rail volume for the week ending July 15, on 12 reporting U.S., Canadian and Mexican railroads totaled 329,965 carloads, up 0.9% compared with the same week last year, and 313,660 intermodal units, down 12% compared with last year. Total combined weekly rail traffic in North America was 643,625 carloads and intermodal units, down 5.8%. North American rail volume for the first 28 weeks of 2023 was 18,028,356 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), Greenbrier (GBX), Trinity Industries (TRN), FreightCar America (RAIL) and Wabtec (WAB). https://www.aar.org/news/weekly-rail-traffic-for-the-week-ending-july-15-2023/