North America weekly rail traffic rise 2.4% as Canadian volumes jump double-digit
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Association of American Railroads (AAR) reported Wednesday a 4.1% decline in U.S. weekly rail traffic while overall North America volumes ended in positive over strong Canadian data.
U.S. weekly rail traffic was 206,792 carloads, down 1.1%, with intermodal volumes of 206,513 containers and trailers, down 6.9%, for the week ended Nov. 26 2022.

4 of the 10 carload commodity groups posted an increase, which included Motor Vehicles and Parts, +14.2% to 12,199 carloads; Metallic Ores and Metals, +1.6% to 18,552; Non-metallic Minerals, +0.8% to 23,503; and Others, +62.8%.
On the other side, Chemicals volume declined 6.2% to 28,184; Grains, -14.2% to 20,261 carloads and Coal, -3.5% to 61,740.
Total North America's weekly traffic reached 594,664 carloads and intermodal units, up 2.4% for the week when compared with same period last year.
Canadian railroads reported growth of 25.8% in carloads volume to 84,179 with Grains up 81.4% and Coal +117.5% compared to a year ago. Intermodal units rose significantly by 37.8% to 63,444. 

Related Tickers: BNSF Railway (BRK.A) (NYSE:BRK.B), Brookfield Infrastructure Partners (NYSE:BIP), Canadian National Railway (NYSE:CNI), Canadian Pacific (NYSE:CP), Union Pacific (UNP), Norfolk Southern (NSC) , CSX Corporation (CSX), and the iShares Transportation Average ETF (IYT).
Market has bounced back in the second-half trading session on Wednesday after Fed chief Jerome Powell said that moderation in rate hikes might come as soon as this month, and signaled that a soft landing was "plausible."