North American rail traffic up 3.6% for the week ending February 10

The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending February 10. For this week, total U.S. weekly rail traffic was 484,840 carloads and intermodal units, up 4.5% compared with the same week last year. Total carloads for the week ending February 10 were 220,362 carloads, down 2.5% compared with the same week in 2023, while U.S. weekly intermodal volume was 264,478 containers and trailers, up 11.1% compared to 2023…Five of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included chemicals, up 1,854 carloads, to 33,109; motor vehicles and parts, up 1,769 carloads, to 15,028; and grain, up 1,687 carloads, to 21,551…North American rail volume for the week ending February 10 on 12 reporting U.S., Canadian and Mexican railroads totaled 329,758 carloads, down 1.4% compared with the same week last year, and 345,065 intermodal units, up 8.9%. Total combined weekly rail traffic in North America was 674,823 carloads and intermodal units, up 3.6% North American rail volume for the first six weeks of 2024 was 3,775,396 carloads and intermodal units, down 0.8 percent compared with 2023. 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), Rail Vision (RVSN), FreightCar America (RAIL) and Wabtec (WAB).