Subscribe to our free, weekly email newsletter!


Railroad traffic shows annual gains for week ending February 26, says AAR

By Jeff Berman, Group News Editor
March 04, 2011

Railroad volumes continued their steady upswing with a strong showing for the week ending February 26, according to data released by the Association of American Railroads (AAR).

Carload volume at 296,252 was up 2.4 percent year-over-year and was slightly behind the week ending February 19, which came in at 296,980. It was ahead of the weeks ending February 12, February 5, and January 29, which checked in at 274,043, 267,682, and 291,147, respectively. Carload volume was up 1.7 percent in the East and up 3 percent out West.

On the intermodal side, total trailer and container volume was 220,589 for a 7.2 percent increase over last year. This trailed the previous week at 233,993.

Railroad carload and intermodal volumes continue to show mostly decent annual and sequential gains, although the annual comparisons are abating because comparisons from 2011 to 2010 will not be as significant as those from 2010 to 2009, which was when freight volume declines were steep. 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 February 26, with metallic ores up 78.2 percent, nonmetallic minerals up 12.4 percent, and stone, clay and glass products up 10.4 percent.

Estimated ton-miles for the week were 33.4 billion for a 3.4 percent annual increase, and on a year-to-date basis, the 256.3 billion ton-miles recorded are up 7.1 percent.

Morgan Stanley analyst William Greene wrote in a research note that “rail traffic trends moderated this week due to (1) normalization post last week’s rebound from weather-driven disruptions and (2) the Presidents’ Day holiday - but remained above levels seen earlier this year continuing the recent, broadly improving volume trend.”

For related stories, please 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

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

The Clean Cargo Working Group (CCWG) has released a report indicating that in 2014 average CO2 emissions in the global container shipping trades declined 8.4 percent from the year before.

UPS Freight, the less-than-truckload (LTL) subsidiary of UPS, recently announced it has rolled out a new service center facility in Franklin Park, Illinois. This is the company’s fifth Chicago-area service center along with other ones in Aurora, Chicago, Palantine, and South Holland.

Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.

Global demand remains stable as packaging equipment providers of all sizes shift focus

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