US weekly rail traffic declines 5.4%
The Association of American Railroads (AAR) has reported US rail traffic down 5.4% Y/Y to 505,120 carloads and intermodal units for the week ending May. 14, 2022.
Total carloads for the week were 230,128, down 5.2% while intermodal volume was 274,992 containers and trailers, down 5.5% Y/Y.
3 of the 10 carload commodity groups posted an increase that included non-metallic minerals, up 1,570 carloads, to 33,344; farm products excl. grain, and food, up 993 carloads, to 16,257; and motor vehicles and parts, up 625 carloads, to 13,097.
Commodity groups posting decline includes coal down 4,317 carloads, to 64,015; grain, down 3,561 carloads, to 21,910; and metallic ores and metals, down 2,289 carloads, to 21,426.
North American rail volume for the week on 12 reporting U.S., Canadian and Mexican railroads totaled 325,431 carloads, down 4.2% Y/Y; intermodal units were 367,153, down 4.2% Y/Y.
Canadian railroads reported 74,072 carloads for the week, down 5.1%, and 76,004 intermodal units, down 1.8%; Mexican railroads reported 21,231 carloads, up 12.6%, and intermodal units 16,157, up 9.5% Y/Y.
On Tuesday, Bill Ackman's Pershing Square trims Hilton stake, boosts Canadian Pacific Railway (CP).

Related tickers: Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B),
CSX Corporation (CSX), Union Pacific (NYSE:UNP), Norfolk Southern (NSC), Brookfield Infrastructure Partners (BIP,BIPC), and Canadian National Railway (NYSE:CNI).