U.S. railroads traffic sees uptick in carloads data this week
The Association of American Railroads (AAR) reports US rail traffic down 6.6% Y/Y to 493,617 carloads and intermodal units for the week ending January 15, 2022.

Total carloads for the week were 233,647, up 0.5% while intermodal volume stood at 259,970 containers and trailers, down 12.2% Y/Y.
3 of the 10 carload commodity groups posted an increase that includes coal, up 10,296 carloads, to 67,867; nonmetallic minerals, up 1,779 carloads, to 27,367; and chemicals, up 67 carloads, to 34,002.

On the other side, grain were down 3,196 carloads, to 24,344; motor vehicles and parts, down 2,948 carloads, to 12,382; and petroleum and petroleum products, down 2,653 carloads, to 9,782.
North American rail volume for the week on 12 reporting U.S., Canadian and Mexican railroads totaled 663,347 carloads and intermodal units, down 8.9% Y/Y.
It includes Canadian railroads traffic of 68,016 carloads for the week, down 21.3% and 64,393 intermodal units, down 13.4% Y/Y; whereas, Mexican railroads reported 22,022 carloads for the week, down 3.4% Y/Y and 15,299 intermodal units, down 4.4% from the same point last year.
Canadian National Railway (NYSE:CNI) attracts bull rating from Deutsche Bank on expectation for significant profit improvement.


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