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

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

As the July 1st date for complete compliance looms, shippers are seeking help to cope with the mandatory changes instituted by the International Maritime Organization (IMO) to the Safety of Life at Sea Convention (SOLAS).

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA