Railroad stocks get off the track after US rail traffic lowers 2.8% for the week
The Association of American Railroads (AAR) has reported US rail traffic down 2.8% Y/Y to 475,513 carloads and intermodal units for the week ending June 4, 2022.

Total carloads for the week were 225,274, down 1% while intermodal volume was 250,239 containers and trailers, down 4.4% Y/Y.
4 of the 10 carload commodity groups posted an increase that included grain, up 2,515 carloads, to 23,867; motor vehicles and parts, up 1,385 carloads, to 12,518; and nonmetallic minerals, up 562 carloads, to 29,778.
Commodity groups posting decline include metallic ores and metals, down 3,222 carloads, to 20,192; miscellaneous carloads, down 1,468 carloads, to 8,037; and farm products excl. grain, and food, down 887 carloads, to 14,510.

Image Source: Association of American Railroads Press Release
North American rail volume for the week on 12 reporting U.S., Canadian and Mexican railroads totaled 319,932 carloads, down 1.4% Y/Y; intermodal units were 331,817, down 5.2% Y/Y.
Canadian railroads reported 75,646 carloads for the week, down 3.5%, and 67,573 intermodal units, down 9.2%; Mexican railroads reported 19,012 carloads, up 2.8%, and intermodal units 14,005, up 1.2% Y/Y.
On Tuesday, Union Pacific (NYSE:UNP) -3% warned on inflation pressures. 


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