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AAR reports carload and intermodal declines for week ending January 11

By Staff
January 17, 2014

The Association of American Railroads (AAR) reported this week that carload and intermodal volumes were both down for the week ending January 11. 

Carloads—at 256,849—were down 8.2 percent annually and topped the week ending January 4 at 246,846 and the week ending December 28 at 230,293

Intermodal—at 235,987 trailers and containers—was down 6.7 percent compared to the same week last year and was ahead of the weeks ending January 4 and December 28 at 186,878 and 172,396, respectively.

Of the ten main commodity groups tracked by the AAR, two saw annual increases for the week ending January 11.

Grain was up 10.1 percent or 20,367 carloads. Motor vehicles and parts were down 22.5 percent or 11,051 carloads

For the first two weeks of 2014, carloads are down 3.4 percent at 503,695, and intermodal is down 2.8 percent at 926,560 trailers and containers.

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While the volume decline was steep, there was numerous reasons behind it, including terminal congestion, protracted contract negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union, and other supply chain-related issues, according to POLA officials.

Truckload rates for the month of January, which measures truckload linehaul rates paid during the month, saw a 7.9 percent annual hike, and intermodal rates dropped 0.3 percent compared to January 2014, which the report pointed out marks the first annual intermodal pricing decline since December 2013.

Largely leveraging the net positive impact of lower fuel prices, the Shippers Conditions Index (SCI) from freight transportation consultancy FTR made major strides in December, the most recent month for which data is available.

With the Pacific Maritime Association (PMA) and the International Longshore & Warehouse Union (ILWU) recently agreeing to a tentative agreement on a new five-year contract last weekend covering about 20,000 port employees at 29 West Coast ports following roughly nine months of stops and starts and acrimonious negotiations, the focus for all port and supply chain stakeholders is firmly on the future.

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Article Topics

News · Intermodal · AAR · Carload · All topics

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