Rail traffic is showing big gains this week after last week’s sharp decline. The data has been choppy over the last few weeks, but the 10 week trend remains firmly positive. The volatility is not unusual in this data so it’s important to maintain some perspective of the trend. Total carloads were up 5.5% compared to last year while intermodal traffic rose 7.4%. ARR has more details on the data:
“The Association of American Railroads (AAR) today reported an increase in weekly rail traffic for the week ending January 14, 2012, with U.S. railroads originating 298,560 carloads, up 5.5 per cent compared with the same week last year. Intermodal volume for the week totaled 229,091 trailers and containers, up 7.4 per cent compared with the same week last year.
Seventeen of the 20 carload commodity groups posted increases compared with the same week in 2011, with crushed stone, sand and gravel, up 33.2 per cent; motor vehicles and equipment, up 31.5 per cent, and petroleum products, up 28.9 per cent. The groups showing a significant decrease in weekly traffic included grain, down 10.1 per cent.
Weekly carload volume on Eastern railroads was up 5.3 per cent compared with the same week last year. In the West, weekly carload volume was up 5.6 per cent compared with the same week in 2011.
For the first two weeks of 2012, U.S. railroads reported cumulative volume of 573,412 carloads, up 0.9 per cent from last year, and 422,903 trailers and containers, down 1 per cent from last year.”
This post originally appeared on Pragmatic Capitalism.