Rail traffic increase with higher intermodal volumes
According to freightwaves, U.S. rail volumes on a weekly basis rose nearly 2% amid a 9% increase in intermodal traffic.
U.S. rail traffic was 522,653 carloads and intermodal units for the week ending Oct. 24, which is 1.9% higher than the same period in 2019, according to the Association of American Railroads (AAR).
Of that, intermodal traffic rose 9.4% to 295,110 containers and trailers, while carloads were 6.5% lower compared with year-ago levels, at 227,543 carloads.
On a year-to-date basis, U.S. rail volumes were 20.16 million carloads and intermodal units, which is 9.6% lower than the same period in 2019.
Although U.S. carloads are still down year-over-year, the difference between the two years is narrowing.
Indeed, some commodities, such as grain, chemicals and motor vehicles and parts, are helping to offset declines for energy-related commodities such as coal and petroleum.
Macroeconomic factors, such as consumer confidence, can influence rail volumes.
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