North American rail traffic down 6.2% for the week ending August 26

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending August 26. For this week, total U.S. weekly rail traffic was 472,525 carloads and intermodal units, down 5.9% compared with the same week last year. Total carloads for the week ending August 26 were 226,679 carloads, down 3.9% compared with the same week in 2022, while U.S. weekly intermodal volume was 245,846 containers and trailers, down 7.7% compared to 2022. Four of the 10 carload commodity groups posted an increase compared with the same week in 2022. They included motor vehicles and parts, up 1,500 carloads, to 16,113; petroleum and petroleum products, up 1,373 carloads, to 9,921; and nonmetallic minerals, up 507 carloads, to 33,254. Commodity groups that posted decreases compared with the same week in 2022 included coal, down 5,449 carloads, to 68,828; grain, down 4,767 carloads, to 13,312; and miscellaneous carloads, down 887 carloads, to 8,789. North American rail volume for the week ending August 26, , on 12 reporting U.S., Canadian and Mexican railroads totaled 327,192 carloads, down 3.4% compared with the same week last year, and 327,499 intermodal units, down 8.9% compared with last year. Total combined weekly rail traffic in North America was 654,691 carloads and intermodal units, down 6.2%. North American rail volume for the first 34 weeks of 2023 was 22,009,485 carloads and intermodal units, down 4.1% 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), (GBX),Trinity Industries (TRN), FreightCar America (RAIL), Wabtec (WAB) and Rail Vision (RVSN). https://www.aar.org/news/weekly-rail-traffic-for-the-week-ending-august-26-2023/