North American rail volume declines 2.8% for the week
The Association of American Railroads (AAR) has reported US rail traffic down 2.5% Y/Y to 501,207 carloads and intermodal units for the week ending June 18, 2022.
Total carloads for the week were 232,921, up 0.4% while intermodal volume was 268,286 containers and trailers, down 4.9% Y/Y.
6 of the 10 carload commodity groups posted an increase that included grain, up 2,411 carloads, to 22,012; nonmetallic minerals, up 860 carloads, to 32,505; and motor vehicles and parts, up 833 carloads, to 13,366.
Commodity groups that posted decreases included metallic ores and metals, down 2,707 carloads, to 20,915; coal, down 1,539 carloads, to 66,281; and miscellaneous carloads, down 382 carloads, to 8,908.
North American rail volume for the week on 12 reporting U.S., Canadian and Mexican railroads totaled 682,055 carloads and intermodal units, down 2.8% Y/Y.
Canadian railroads reported 76,443 carloads for the week, down 0.2% and 70,088 intermodal units, down 2.6%; Mexican railroads reported 19,482 carloads, down 15.2%, and intermodal units 14,835 , down 8.2% Y/Y.

Related tickers: Berkshire Hathaway (BRK.A, BRK.B) -2%, CSX Corporation (CSX) -2.3%, Union Pacific (UNP), Canadian Pacific Railway (CP) -2.8%, Norfolk Southern (NYSE:NSC) -2.6%, Brookfield Infrastructure Partners (NYSE:BIP,NYSE:BIPC) -1.4%, and Canadian National Railway (NYSE:CNI) -1.2%.
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