Subscribe to our free, weekly email newsletter!


AAR reports declines for carload and intermodal for week ending February 15

By Staff
February 21, 2014

The Association of American Railroads (AAR) reported this week that carload and intermodal volumes were both down for the week ending February 15.

Carloads—at 270,632—dropped 2.9 percent annually and were ahead of the week ending February 8 at 261,254 and behind the week ending February 1 at 270,903.

Intermodal came in at 236,625 containers and trailers for a 5.7 percent annual decline. This was below the 246,11 from the week ending February 8 and February 1, which was at 247,109. 

Of the ten main commodity groups tracked by the AAR, two saw annual increases for the week ending February 15.

Petroleum and petroleum products were up 7.9 percent, with grain up 2.5 percent, while nonmetallic minerals and products were down 10.6 percent.

For the first seven weeks of 2014, carloads are down 0.8 percent at 1,877,070, and intermodal is up 0.1 percent at 1,666,024 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

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.

Ports of Los Angeles, Long Beach Plan to Cooperate on Environmental, Security, Legislative, Supply Chain Logistics and Marketing Initiatives.

Article Topics

News · AAR · Railroad Shipping · All topics

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA