North American rail traffic down 6.1% for the week ending March 11

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending March 11. For this week, total U.S. weekly rail traffic was 458,629 carloads and intermodal units, down 7.6% compared with the same week last year. Total carloads for the week ending March 11 were 229,246 carloads, down 1.5% compared with the same week in 2022, while U.S. weekly intermodal volume was 229,383 containers and trailers, down 13% compared to 2022. North American rail volume for the week ending March 11 ,on 12 reporting U.S., Canadian and Mexican railroads totaled 330,767 carloads, up 1% compared with the same week last year, and 303,627 intermodal units, down 12.7% compared with2022. Total combined weekly rail traffic in North America was 634,394 carloads and intermodal units, down 6.1%. North American rail volume for the first 10 weeks of 2023 was 6,384,871 carloads and intermodal units, down 2.9% compared with 2022. 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