North American rail traffic up 2.4% for the week ending November 26

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending November 26. For this week, total U.S. weekly rail traffic was 413,305 carloads and intermodal units, down 4.1% compared with the same week last year. Total carloads for the week ending November 26 were 206,792 carloads, down 1.1% compared with the same week in 2021, while U.S. weekly intermodal volume was 206,513 containers and trailers, down 6.9% compared to 2021. Four of the 10 carload commodity groups posted an increase compared with the same week in 2021.They included miscellaneous carloads, up 4,015 carloads, to 10,410; motor vehicles and parts, up 1,516 carloads, to 12,199; and metallic ores and metals, up 299 carloads, to 18,552. Commodity groups that posted decreases compared with the same week in 2021 included grain, down 3,354 carloads, to 20,261; coal, down 2,211 carloads, to 61,740; and chemicals, down 1,854 carloads, to 28,184. North American rail volume for the week ending November 26, on 12 reporting U.S., Canadian and Mexican railroads totaled 311,026 carloads, up 4.4% compared with the same week last year, and 283,638 intermodal units, up 0.3% compared with last year. Total combined weekly rail traffic in North America was 594,664 carloads and intermodal units, up 2.4%. . North American rail volume for the first 47 weeks of 2022 was 31,825,338 carloads and intermodal units, down 1.9% compared with 2021. 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), FreightCar America (RAIL), Trinity Industries (TRN), Greenbrier (GBX) and Wabtec (WAB). Reference Link