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North American Rail Traffic Fell 5.8% in Week Ended Oct. 12

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10/16/2019 | 12:42pm EST

By Colin Kellaher

North American rail traffic fell 5.8% last week amid further steep drops in carloads, data from the Association of American Railroads showed.

Carload volume for the week ended Oct. 12 on a dozen reporting U.S., Canadian and Mexican railroads tumbled 7.6%, while intermodal traffic fell 4.1%, the trade group said Wednesday.

North American rail traffic was 6.3% lower in the week ended Oct. 5. For the first 41 weeks of the year, North American volume is down 2.9%.

The AAR said U.S. rail traffic fell 7% last week on top of a 7.1% drop a week earlier. U.S. carloads fell 7.5%, with declines in eight of the 10 commodity groups tracked. The volume of U.S. intermodal containers and trailers fell 6.6% for the week.

U.S. rail traffic is now down 4.1% for the year to date, compared with a decline of 4% reported a week earlier, the AAR said.

The AAR said Canadian rail traffic fell 2.4% last week, as an 8.3% drop in carloads more than offset a 4.8% rise in intermodal units.

Mexican rail traffic was fell 1.9% last week, the AAR said, with carloads down 5.7% and intermodal units up 2.1%.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 0.03% 329405 Delayed Quote.7.65%
CANADIAN NATIONAL RAILWAY COMPANY 0.36% 123.94 Delayed Quote.22.58%
CANADIAN PACIFIC RAILWAY LIMITED 1.02% 319.91 Delayed Quote.32.06%
CORN FUTURES (C) - CBR (FLOOR)/C1 -1.20% 371.25 End-of-day quote.0.20%
CSX CORPORATION -0.32% 71.61 Delayed Quote.15.26%
KANSAS CITY SOUTHERN 0.14% 153.54 Delayed Quote.60.86%
NORFOLK SOUTHERN CORPORATION 0.06% 191.07 Delayed Quote.27.77%
UNION PACIFIC 0.86% 176.27 Delayed Quote.27.52%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -0.98% 502.75 End-of-day quote.0.89%
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