U.S. rail and intermodal volumes see annual gains in February, reports AAR
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U.S. rail carloads—at 915,329—increased 11%, or 90,525 carloads, compared to February 2021. And when excluding coal, carloads were up 43,287 carloads, or 7.2% and when excluding coal and grain, carloads were up 39,619 carloads, or 7.7%.
AAR reported that 15 of the 20 carload commodity categories it tracks saw annual gains, including: coal, up 47,238 carloads or 21.3%; chemicals, up 19,397 carloads or 16.4%; and crushed stone, sand & gravel, up 17,918 carloads or 36.3%. Commodities that saw declines in February 2022 from February 2021 included: motor vehicles & parts, down 6,358 carloads or 11.4%; petroleum & petroleum products, down 3,191 carloads or 8% and all other carloads, down 2,162 carloads or 9.3%.
Intermodal containers and trailers—at 1,945,646—saw a 5.7%, or 194,819 units, annual increase.
“U.S. rail traffic had big year-over-year gains in February largely because severe winter storms held volumes back last February,” said AAR Senior Vice President John T. Gray. “That said, there were pockets of real strength last month. For example, carloads of chemicals set a new monthly record last month, carloads of coal were the highest in five months and carloads of lumber were the most in eight months.”
AAR said that total U.S. carload traffic for the first two months of 2022 was 1,817,594 carloads, up 3.6%, or 62,664 carloads, from the same period last year; and 2,031,760 intermodal units, down 7.2%, or 157,502 containers and trailers, from last year.
For the week ending February 26, AAR reported that U.S. rail carloads fell 0.3% annually, to 223,330, trailing the weeks ending February 19 and February 12, at 237,256 and 236,457. Intermodal units, for the same week, at 261,860, fell 3.5%, topping the week ending February 19, at 260,566, and trailing the week ending February 12, at 268,025.
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