Subscribe to our free, weekly email newsletter!


AAR reports annual gains for carload and intermodal in January

By Staff
February 07, 2014

January carload and intermodal volumes posted annual gains, according to data released by the Association of American Railroads (AAR).

Carloads—at 1,345,184—were up 0.4 percent or 5,183 carloads annually. And intermodal—at 1,183,285 trailers and containers—was up 1.3 percent compared to January 2013. The weekly intermodal average of 236,657 units set a record for the highest weekly intermodal average for any January on record, according to the AAR.

“Railroads are very good at operating their 140,000 mile long, outdoor ‘factory floor’ in all kinds of difficult weather.  That said, in many parts of the country, January took the term difficult weather to new lows, as in low temperatures, for recent years,” said AAR Senior Vice President John T. Gray in a statement. “We can’t quantify it precisely, but the extreme cold probably held down rail traffic to some extent – for example, by making it more difficult for rail customers to produce their products and to load what they did produce into rail cars.”

Of the 20 commodity categories tracked by the AAR, 7 were up year-over-year. Grain headed up 13.2 percent or 12,141 carloads, and petroleum and petroleum products rose 10.4 percent or 6,777 carloads. The AAR also noted that crude oil loadings represent about half of all petroleum and petroleum products volumes.

Those commodities seeing declines included metallic ores down 23.5 percent or 7,389 carloads, and motor vehicles and parts off 6.1 percent or 4,158 carloads.

For the week ending February 1, carloads came in at 270,903, which was down 1.5 percent compared to the corresponding week a year ago, and intermodal was down 0.8 percent at 247,109 trailers and containers.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Lyon, France-based Norbert Dentressangle, a $5.5 billion global third-party logistics (3PL) services provider focused on global logistics, transport, ocean, and air services, said today it has acquired Des Moines, Iowa-based Jacobson Companies, a value-added warehousing (VAW) company, for $750 million from private equity firm Oak Hill Capital Partners.

Article Topics

News · Intermodal · AAR · Carload · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA