Econintersect: Week 49 of 2012 ending 8 December shows same week total rail traffic was below 2011 levels according to data released by the Association of American Railroads (AAR).
- The carload portion of rail traffic showed same week traffic contracted 1.6% (versus last week's -2.0 %).
- Excluding coal and grain (which are not an economic indicator), rail carloads expanded at 8.2% (last week +8.5%) same week year-over-year.
- Intermodal same week traffic contracted 0.3% (versus last week's -1.1%)
- Total same week traffic rail traffic contracted 3.0% (versus last week's -3.1%)
USA coal production is down 9.6% same week year-over-year (see below).
Twelve of the 20 carload commodity groups posted increases compared with the same week in 2011, with petroleum products, up 59.5 percent; lumber wood and products, up 18.6 percent, and metallic ores, up 16.6 percent. The groups showing a decrease in weekly traffic included grain, down 15.3 percent; metals and products, down 11.9 percent, and coal, down 9.7 percent.
The majority of the reason for rail year-to-date contraction is coal and grain movements - which would only effect the profitability of railroads, and not an economic indicator as coal is an alternative fuel to oil and natural gas.
|This week Year-over-Year||-1.6%||-0.3%||-1.7%|
|This week without coal and grain
|Year Cumulative to Date||-3.0%||3.2%||-2.3%|
Current Rail Chart
Total (cumulative) year-to-date traffic is contracting year-over-year.
For the week ended December 08, 2012:
U.S. coal production totaled approximately 20.0 million short tons (mmst) This production estimate is 1.4 percent lower than last week's estimate and 9.6 percent lower than the production estimate in the comparable week in 2011 Coal production east of the Mississippi River totaled 8.5 mmst Coal production west of the Mississippi River totaled 11.5 mmst U.S. year-to-date coal production totaled 960.2 mmst, 6.6 percent lower than the comparable year-to-date coal production in 2011 An evaluation of the Weekly Coal Production Report has been done to compare full year 2011 estimates with full year 2011 actual Mine Safety and Health Administration (MSHA) production. It is available under "Coal Production Estimates Evaluation".