US weekly rail traffic shows sequential improvement, down 7.4% Y/Y
The Association of American Railroads (AAR) has reported US rail traffic down 7.4% Y/Y to 498,011 carloads and intermodal units for the week ending Apr. 27, 2022. That also compares to last week's 489,801 carloads and intermodal units.
Total carloads for the week were 229,044, down 6.8% while intermodal volume was 268,967 containers and trailers, down 9.8% Y/Y.

2 of the 10 carload commodity groups posted an increase that included motor vehicles and parts, up 1,939 carloads, to 13,250; and farm products excl. grain, and food, up 655 carloads, to 16,260.
Commodity groups that posted decreases include coal, down 6,010 carloads, to 57,894; grain, down 2,351 carloads, to 23,106; and metallic ores and metals, down 1,959 carloads, to 22,259.
North American rail volume for the week on 12 reporting U.S., Canadian and Mexican railroads totaled 328,525 carloads, down 3.5% Y/Y; intermodal units were 357,139, down 7.8% Y/Y.
Canadian railroads reported 77,262 carloads for the week, down 1%, and 71,986 intermodal units, up 1%; Mexican railroads reported 22,219 carloads, up 1.6%, and intermodal units 16,186, down 9.3% Y/Y.
On Tuesday, Canadian National Railway (NYSE:CNI) shares slipped on profit miss, efficiency issues. The company also lowered its target for free cash flow from C$4B to a range of C$3.7B.

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

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