Week Ending 02 February 2013: Four Week Average Improving

February 7th, 2013
in econ_news, syndication

Econintersect: Week 05 of 2013 ending February 03 shows same week total rail traffic below 2012 levels according to data released by the Association of American Railroads (AAR). The four week moving average of total same week rail traffic is improving, but longer term trends are still degrading.

  • Four week rolling average is improving;
  • 13 week rolling average is degrading;
  • 52 week rolling average is degrading.

Follow up:

A summary of the data:

  • The carload portion of rail traffic showed same week traffic contracted 3.4% (versus last week's -6.3%).
  • Excluding coal and grain (which are not an economic indicator), rail carloads expanded at 3.5% (last week's +1.0%) same week year-over-year.
  • Intermodal same week traffic expanded 7.2% (versus last week's +1.6%)
  • Total same week rail traffic contracted 3.3% (versus last week's -6.0%)

USA coal production is down 9.3% same week year-over-year, and the cumulative effect on rail carloads continues to drag traffic down.

Eight of the 20 carload commodity groups posted increases compared with the same week in 2012, with petroleum products, up 52.3 percent; lumber and wood products, up 26.5 percent, and farm products excluding grain, up 18.7 percent. The groups showing a decrease in weekly traffic included metallic ores, down 22.4 percent; grain, down 15.7 percent, and nonmetallic minerals, down 12.1 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
Carloads Intermodal Total
This week Year-over-Year -6.3% 1.6% -6.0%
This week without coal and grain
Year Cumulative to Date -7.0% 4.7% -6.7%


[click on graph below to enlarge]

Current Rail Chart

/images/z rail1.png


/images/z rail2.PNG

Total (cumulative) year-to-date traffic is contracting year-over-year.

From EIA.gov:

For the week ended February 02, 2013:

  • U.S. coal production totaled approximately 18.6 million short tons (mmst)
  • This production estimate is 0.2 percent higher than last week's estimate and 9.3 percent lower than the production estimate in the comparable week in 2012
  • Coal production east of the Mississippi River totaled 8.2 mmst
  • Coal production west of the Mississippi River totaled 10.4 mmst
  • U.S. year-to-date coal production totaled 88.5 mmst, 13.2 percent lower than the comparable year-to-date coal production in 2012
  • As of week ending December 15, third quarter 2012 production estimates have been revised to match actual third quarter 2012 Mine Safety and Health Administration (MSHA) production. These revised values can be found under the "Revisons/Archives" section, and are also included in any year to date totals and 52 weeks ended totals that contain 2012 data in the "Current Weekly Estimates" and "Current Monthly Estimates" data tables. The "1st week in 2002- current week" and "January 2002- current month" original estimates spreadsheets are not revised.
  • Source: AAR

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