North American rail traffic up 6.6% for the week ending January 6

The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending January 6. For this week, total U.S. weekly rail traffic was 417,257 carloads and intermodal units, up 2.3% compared with the same week last year.Total carloads for the week ending January 6 were 208,176 carloads, up 0.9% compared with the same week in 2023, while U.S. weekly intermodal volume was 209,081 containers and trailers, up 3.7% compared to 2023. For the first week of 2024, U.S. railroads reported cumulative volume of 208,176 carloads, up 0.9% from the same point last year; and 209,081 intermodal units, up 3.7% from last year. Total combined U.S. traffic for the first week of 2024 was 417,257 carloads and intermodal units, an increase of 2.3% compared to last year. North American rail volume for the week ending January 6, on 12 reporting U.S., Canadian and Mexican railroads totaled 307,010 carloads, up 1.3% compared with the same week last year, and 304,136 intermodal units, up 12.5% compared with last year. Total combined weekly rail traffic in North America was 611,146 carloads and intermodal units, up 6.6%. North American rail volume for the first week of 2024 was 611,146 carloads and intermodal units, up 6.6% 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), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL, Wabtec (WAB) and Rail Vision (RVSN).