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U.S. rail traffic sees 3.3% drop in November

By | December 8, 2022

Latest weekly figures also show decline

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Weekly table showing U.S. carload traffic by commodity type plus overall intermodal figures
Weekly table showing U.S. carload traffic by commodity type plus overall intermodal figures
Association of American Railroads

WASHINGTON — U.S. rail traffic dropped by 3.3% in November — a total of 80,544 carloads and intermodal units — with carloads down 0.9% and intermodal traffic down 5.4%, according to the latest statistics from the Association of American Railroads.

Meanwhile, the latest weekly traffic, for the week ending Dec. 3, was down 6% from the comparable week in 2021.

The monthly figure saw 12 of 20 carload categories experience declines from November 2021, including chemicals, which were down by 17,608 carloads, or 10.3%. Categories showing gains included crushed stone, sand and gravel, up 8,726 carloads, or 9.2%.

“Thanksgiving week is one of the lowest volume weeks of the year for rail traffic, which means November rail volumes frequently do not clearly demonstrate underlying sequential trends,” AAR Senior Vice President John T. Gray said in a press release. “As has been the case for months, some sectors continue to show strength while others face headwinds. For example, relatively slow lumber carloads are consistent with the weak market for new home construction. Conversely, rail-hauled motor vehicles and vehicle parts volumes have been rising as automakers have increased output thanks to greater parts availability.”

Through 11 months of 2022, overall rail traffic is down 2.6% compared to 2021. Carload traffic is essentially flat — up 4,475 carloads, or 0% — while intermodal traffic is down 4.8%.

Weekly figures show large drop

The 495,472 carloads and intermodal units for the week ending Dec. 3 included 241,307 carloads, a drop of 5.4% from the same week a year earlier, and 254,165 containers and trailers, a 6.7% decrease.

North American totals from 12 reporting U.S., Canadian, and Mexican railroads included 344,150 carloads, down 0.6%; 333,927 intermodal units, down 2.8%, and a total of 678,077 carloads and intermodal units, down 1.7%. The 48-week totals for North America are down 1.9% compared to the same period in 2021.

 

 

 

One thought on “U.S. rail traffic sees 3.3% drop in November

  1. Intermodal will keep dropping for at least 6 months. WalMart, Amazon and some other online retailers are reporting reductions in sales. The Amazon layoffs right before Christmas of course got the big bang notice. But the recent covid lock downs in China are crimping container volumes on the export side.

    The bank stocks took a huge hit the other day because economists are expecting bad things with the interest rates being upside down. But consumer debt, while still relatively low, has started rising again. Inflated real estate has peaked and has started a trend down now. This signals a reduction in consumer spending. While gas prices have been sliding downward, the inflationary effects on food stuffs has made those prices skyrocket. This will reduce consumer spending on delivered food, and eating out in general.

    All of this impacts the rails eventually.

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