US weekly railroad traffic drops 2.9% as workers strike factored-in
The Association of American Railroads (AAR) reported Wednesday a 2.9% year-over-year decline in US weekly traffic to 490,654 carloads and intermodal units, for the week ending Sept. 17, 2022.

Total carloads for the week were 239,528, up 2% while intermodal volume declined 7.3% to 251,126 containers and trailers.

5 of the 10 commodity posted growth during the week which included coal, up 5.7% to 72,774 carloads; chemicals up 6.3% to 32,977; nonmetallic minerals, up 7.6% to 35,163; and motor vehicles and parts, up 18.7% to 13,879 carloads.
Overall, North America weekly rail traffic dropped 0.8% Y/Y to 683,629 carloads and intermodal units, reflecting the combined volumes of U.S., Canadian and Mexican railroads.
That is, Canadian railroads reported 3.7% increase to 81,350 carloads with 75,196 intermodal units, up 0.6% percent compared with the same week in 2021. Mexican railroads rose 22.1% to 21,156 and intermodal volume up 18% to 15,273 units.
On Sept. 15, Railway workers and companies reached tentative labor agreement that would avert a strike, the Department of Labor said.
Rail workers will get better pay and improved working conditions, while companies will be able to retain and recruit more workers, President Joe Biden said in a statement.

Related: BNSF Railway (NYSE:BRK.A) (BRK.B), Brookfield Infrastructure Partners (NYSE:BIP), Canadian National Railway (CNI), Canadian Pacific (NYSE:CP), CSX Corporation (NASDAQ:CSX), Union Pacific (UNP), Norfolk Southern (NSC) and the iShares Transportation Average ETF (IYT).

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