Econintersect: Week 20 of 2014 shows same week total rail traffic (from same week one year ago) grew according to the Association of American Railroads (AAR) traffic data. The rolling averages growth continues.
This analysis is looking for clues in the rail data to show the direction of economic activity - and is not necessarily looking for clues of profitability of the railroads. The weekly data is fairly noisy, and the best way to view it is to look at the rolling averages:
Percent current rolling average is larger than the rolling average of one year ago
Current quantities accelerating or decelerating
Current rolling average accelerating or decelerating compared to the rolling average one year ago
4 week rolling average
13 week rolling average
52 week rolling average
A summary of the data from the AAR:
The Association of American Railroads (AAR) today reported increased U.S. rail traffic for the week ending May 17, 2014 with 298,932 total U.S. carloads, up 4.5 percent compared with the same week last year. Total U.S. weekly intermodal volume was 267,061 units, up 6.8 percent compared with the same week last year. Total combined U.S. weekly rail traffic was 565,993 carloads and intermodal units, up 5.6 percent compared with the same week last year.
Eight of the 10 carload commodity groups posted increases compared with the same week in 2013, led by grain with 21,016 carloads, up 37.6 percent. The commodities showing a decrease compared with the same week last year were led by chemicals with 30,965 carloads, down 0.2 percent.
For the first 20 weeks of 2014, U.S. railroads reported cumulative volume of 5,680,070 carloads, up 2.7 percent compared with the same point last year, and 5,053,519 intermodal units, up 5.5 percent from last year. Total combined U.S. traffic for the first 20 weeks of 2014 was 10,733,589 carloads and intermodal units, up 4 percent from last year.
USA coal production is down 2.2% same week year-over-year - and coal accounts for well over 1/3rd of carloads.
Here is a look at the weekly data comparing it to the same week one year ago, backing out economically less intuitive coal and grain, and comparing growth year-to-date.
|This week Year-over-Year||4.5%||6.8%||5.6%|
|Ignoring coal and grain||3.4%|
|Year Cumulative to Date||2.7%||5.5%||4.0%|
[click on graph below to enlarge]
Current Rail Chart
For the week ended May 17, 2014: