Subscribe to our free, weekly email newsletter!


Rail traffic is up for the week ending August 20, says AAR

By Staff
August 26, 2011

Rail traffic was up for the week ending August 20, according to data released by the Association of American Railroads (AAR).

Carload volume—at 300,521—was up 1.1 percent annually, and it was ahead of the week ending August 13, which hit 292,266 and the week ending August 6 at 287,329. It was slightly behind the week ending April 2, which hit 305,905 carloads, marking the highest weekly carload tally since the end of 2008.

Carload volume was up 1.3 percent in the East and up 0.9 percent out West. Carloads on a year-to-date basis are at 9,531,017 for a 2 percent annual increase.

Intermodal volumes for the week at 238,680 trailers and containers were up 1 percent annually and behind ahead of the previous two weeks, which hit 235,598 and 235,568, respectively.

Intermodal volumes on a year-to-date basis at 7,461,628 are up 6.3 percent compared to 2010. Shippers continue to turn to intermodal as an alternative to trucking movements, as they can see significant fuel savings in exchange for a longer transit time.

Of the 20 commodity groups tracked by the AAR, 14 were up annually. Metallic ores were up 24.7 percent, and farm products, excluding grain, were down 14.5 percent.

Estimated ton-miles for the week were 34.6 billion for a 1.8 percent annual increase, and
on a year-to-date basis, the 1,071.7 billion ton-miles recorded were up 3.0 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

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