Subscribe to our free, weekly email newsletter!


AAR reports railroad traffic is up for week ending January 29

By Jeff Berman, Group News Editor
February 04, 2011

Railroad traffic for the week ending January 29 was up again on an annual basis, according to data released by the Association of American Railroads (AAR).

Carload volume at 291,147 was up 4.7 percent year-over-year, which is ahead of the week ending January 22 at 282,837. The AAR said that carload volume was up 2.4 percent in the East and up 6.2 percent out West.

Intermodal volumes for the week ending January 29 totaled 222,742 total trailers and containers, which was up 9.2 percent annually. Containers—at 190,140—were up 10.1 percent, and trailers—at 32,602—were up 4.4 percent. This output was far ahead of the week ending January 22, which saw 180,888.

As LM has reported, while volumes are up annually and at recent levels on a sequential basis, it appears the annual comparisons for railroad data will be less impressive than they were in 2010, considering 2010 comparisons were up against a difficult 2009.

But railroad volume appear to be picking up where 2010 left off, and prospects for 2011 look very encouraging, especially in light of recent fourth-quarter and full-year earnings results from multiple Class I carriers, which pointed to continued pricing and volume increases.

Of the 20 commodity groups the AAR tracks, 14 saw annual growth for the week ending January 29, with metallic ores up 17.7 percent and farm products excluding grain up 37.2 percent. Coal was up 4.7 percent. 

Estimated ton-miles for the week ending January 29 were 32.8 billion for a 5.8 percent annual increase, and for the first four weeks of 2011 the 128.2 billion ton-miles recorded are up 9.0 percent.

“On a year-to-date basis, carloads are 8.0% higher vs. last year and intermodal units are 7.4% higher,” wrote Avondale Partners analyst Donald Broughton in a research note. “Coal continues to progress, as normalized utility coal stockpiles, along with improving trends for domestic met coal and export coal should yield weekly coal volumes in the 150-160k range. When combined with the steady rise in intermodal units and the strong volumes seen in chemical and metals, as well as the growing boost from agricultural volumes, we anticipate strong overall volumes moving forward.”

For more stories on railroad shipping, click here.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


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 fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

The current status of FedEx’ planned acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion, which was initially announced in April, remains in flux, with continued actions being taken by the European Commission.

Panjiva said that the 1 percent sequential growth was in line with typically flat growth from May to June, as higher monthly growth typically takes hold in July and August in advance of the holiday season.

Hackett officials described this new offering as a short-term index that offers up “the sentiment for trade at a glance,” akin to other key economic metrics like the PMI and Consumer and Carrier confidence indices, while providing access to specifically see where a group of economic indicators are in relation to trade for the current month, too.

While many industry analysts contend that distribution centers near U.S. East Coast ports will see a surge of new business after the Panama Canal expansion, real estate experts say this phenomena is already underway.

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