Subscribe to our free, weekly email newsletter!


AAR reports mixed volumes for February

By Staff
March 07, 2014

The Association of American Railroads (AAR) reported this week that carload and intermodal volumes were mixed in February.

Carloads—at 1,100,858—were down 1.1 percent annually. Intermodal—at 993,807 trailers and containers—was up 1.1 percent compared to February 2013 and marks the 51st consecutive annual monthly increase for intermodal volume, according to the AAR. 

“It would be nice to be able to separate out the effects of the harsh winter on rail traffic, but we can’t do that,” said AAR Senior Vice President John T. Gray in a statement. “We can probably expect improvements in the rail numbers in the months ahead, assuming that the weather and the economy cooperate. In the meantime, crude oil has become a significant part of the railroad business. Railroads know how important it is to move crude oil safely, and they are committed to continually searching for ways to make this happen.”

Nine of the 20 commodities tracked by the AAR were up annually in February. Grain was up 12.3 percent—or 12.3 percent—and grain mill products were up 10.1 percent—or 3,645 carloads. Commodities seeing declines were coal down 3.5 percent—or 15,571 carloads, and primary metal products—down 7.2 percent or 3,092 carloads. When coal and grain loadings are removed from the total carload volume for February, the AAR said that carloads were down only 0.9 percent—or 5,186 carloads—compared to last February.

Overall rail volumes have been disappointing to start the first quarter, after strong 2H’13 results and positive undertones in the industrial economy,” wrote Avondale Partners analyst Donald Broughton in a research note. “Inclement weather has played a significant role on this quarter’s poor performance, slowing the entire North American rail network, resulting in significant decrease in train velocity and increases in cars online and dwell times. However, we would point out that cold temperatures could provide a tailwind to coal volumes in the out quarters, which could offset some of the weather related weakness.”

For the week ending March 1, the AAR said that carloads—at 287,294—were up 1.4 percent annually, and intermodal—at 257,710—was up 3.4 percent.

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

Straying from its typical seasonal trajectory, United States-bound waterborne shipments dipped from March to April, according to data recently issued by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

One theme tied together all of the presentations, regardless of the topic: The importance of data.

U.S. carloads were down 10 percent annually at 269,092, and intermodal volume saw a 4.9 percent annual gain to 280,107 containers and trailers.

The Chamber of Marine Commerce today joins governments, policymakers, industry and the general public in celebrating the nation’s merchant marine industry, but also urges reforms to ensure greater industrial competitiveness, jobs and prosperity.

Many companies are turning to Global Trade Management (GTM) as a viable solution to address the complexities associated with international trade. But how do you successfully build a business case for GTM software?

Article Topics

News · Intermodal · AAR · carload · 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