AAR reports railroad traffic is up for week ending January 29

image
By Jeff Berman, Group News Editor
February 04, 2011 - LM Editorial

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 questions for the most recent Semiannual Economic Forecast, which was released last week, included: 1-has the strength of the U.S. dollar had a negative, negligible or positive impact on their organization’s profits?; 2-has the net impact of the depressed prices of oil and related commodities been negative, negligible, or positive for their organization’s profits; and 3-how would they characterize the combined impact of their organization’s profits on the strength of the U.S. dollar and the depressed prices of oil and related commodities.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 5.8 percent on an annual basis in March to $90.5 billion.

Shippers sourcing their goods out the Port of Oakland’s largest marine terminal will soon need to make an appointment drayage providers before their cargo is released.

U.S. Carloads fell 10.6 percent at 244,290, and intermodal containers and trailers were off 6.5 percent at 262,693.

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.

About the Author

Jeff Berman, 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. Contact Jeff Berman

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