Subscribe to our free, weekly email newsletter!


Railroad shipping: AAR reports July 2011 volumes are mixed

By Staff
August 05, 2011

The Association for American Railroads (AAR) reported that carload and intermodal volumes in July were mixed.

July carloads—at 1,111,682—were down 1 percent annually. Intermodal—at 895,649 trailers and containers—was up 1.3 percent compared to July 2010.

Of the 20 major commodities tracked by the AAR, 12 were up on an annual basis in July. Iron and steel scrap were up 32.9 percent, and metallic ores were up 22.4 percent. Coal saw a 7.3 percent decline, and excluding coal U.S. carloads were up 4.3 percent compared to July 2010, said the AAR.

U.S. railroads added 1,818 new employees in June, the most recent month for which data is available, and the AAR said total railroad industry employment was up 5.2 percent—at 7,813 employees—year-over-year. And it also reported that as of August 1, 276,943 freight cars were in storage, marking 707 more cars than there were on July 1 and equivalent to 18.2 percent of the North American railcar fleet.

For the week ending July 30, the AAR said that carload volumes—at 298,812—were down 2.0 percent annually. Intermodal—at 240,525 trailers and containers—was up 3.3 percent. This intermodal tally is the highest weekly volume on a year-to-date basis.

Iron and steel scrap led commodity gains for the week with a 40.1 percent increase year-over-year, and waste and nonferrous scrap was down 17.7 percent.

Carload volume in the East was down 0.1 percent for the week and out West it was down 3.2 percent compared to the same week a year ago.

Through the first 30 weeks of 2011, the AAR said cumulative carload volume—at 8,650,909—was up 2.2 percent, and trailers and containers—at 6,751,782—was up 6.9 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