Rail carload volumes hit highest level since late 2008, says AAR

By Jeff Berman, Group News Editor
April 08, 2011 - LM Editorial

Signs of slow and steady economic growth continue to appear of late in weekly rail carload and intermodal volumes released by the Association of American Railroads (AAR).

For the week ending April 2, the AAR reported that carload volume hit its highest level since the end of 2008 at 305,905 carloads for a 5.7 percent annual increase. This outpaced the weeks ending March 26, March 19, and March 12, which hit 200,903, 292,164, and 303,953, respectively.

Carload volume was up 5 percent in the East and up 6.1 percent out West. Total carloads currently stand at 3,773,949 for a 5.1 percent year-over-year increase on a year-to-date basis.

Intermodal volume for the week was up 19.4 percent at 234,308 trailers and containers, which was ahead of the week ending March 26 at 223,034 and the week ending March 19 at 222,788.

So far in 2010, railroad volumes are off to a solid start especially when considering the havoc caused by harsh weather conditions in various parts of the country. What’s more, Morgan Stanley analyst William Greene observed in a research note that “rail traffic ended the quarter on a positive note with trends surpassing normal seasonality and with all rails exceeding YTD YoY growth rates in the final week of the quarter.”

Volumes continue to show steady growth on an annual and sequential basis, while the percentage levels of annual gains are lessening due to the fact that 2010 was being compared to a dismal 2009, a low point for freight transportation volumes.

Of the 20 commodity groups tracked by the AAR, 15 were up annually. Motor vehicles and equipment were up 25.7 percent, and metallic ores and metals and products were up 25.7 percent and 23.4 percent, respectively. Primary forest products were down 29.3 percent.

Estimated ton-miles for the week were 34.3 billion for a 7.2 percent annual increase, and on a year-to-date basis, the 425.1 billion ton-miles recorded are up 6.3 percent.

For related articles, 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

Transportation stakeholders reliant on North Carolina’s major seaports are welcoming news this week, which outlines plans to enhance the intermodal and cold chain network in the region.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

Non asset-based third-party logistics (3PL) services and logistics technology services provider Transplace said today that Brooks Bentz has joined the company in a newly-created role as president of Transplace Consulting in conjunction with the launch of the company’s new North American consulting services practice.

The advent of e-commerce continues to grow and gain increased traction over time. The many ways for consumers to order and purchase goods online continues to expand and leads to various subsequent byproducts of online purchases, including shopping through multiple channels, and delivery and payment options, among other things. These types of topics serve as the thesis in the second annual UPS Pulse of the Online Shopper Global Study issued this week by UPS and comScore Inc.

A major highlight of CEVA’s fourth quarter performance was its new business wins, which were up 14 percent for all of 2014, with Freight Management wins up 14 percent, and Ocean Freight and Air Freight wins up 30 percent and 14 percent, respectively, while Contract Logistics wins were up 2 percent.

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 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA