Econintersect: Week 15 of 2015 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. This improvement is totally due to Intermodal traffic, which accounts for half of movements - but weekly railcar counts remain in contraction. Rail traffic remains surprisingly weak with the rolling averages contracting..
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 which generally are in a weak growth cycle.
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 U.S. rail traffic for the week ending April 18, 2015.
For this week, total U.S. weekly rail traffic was 556,432 carloads and intermodal units, up 1.2 percent compared with the same week last year.
Total carloads for the week ending April 18, 2015 were 276,416 carloads, down 4.9 percent compared with the same week in 2014, while U.S. weekly intermodal volume was 280,016 containers and trailers, up 8.1 percent compared to 2014. This is the second highest week on record for intermodal units and the first time container and trailer traffic exceeded carloads for a one-week period.
Six of the 10 carload commodity groups posted increases compared with the same week in 2014. They were: motor vehicles and parts, up 7.2 percent to 18,008 carloads; miscellaneous carloads, up 6.3 percent to 8,019 carloads; and chemicals, up 2.9 percent to 31,296 carloads. Commodity groups that saw decreases during this one week included: grain, down 15.8 percent to 18,166 carloads; coal, down 12.6 percent to 99,482 carloads; and petroleum and petroleum products, down 1.3 percent to 15,068 carloads.
For the first 15 weeks of 2015, U.S. railroads reported cumulative volume of 4,208,741 carloads, down 0.7 percent from the same point last year; and 3,840,204 intermodal units, up 1 percent from last year. Total combined U.S. traffic for the first 15 weeks of 2015 was 8,048,945 carloads and intermodal units, up 0.1 percent compared to last year.
Coal is over 1/3 of the total railcar count, and this week is 11.6% lower than the production estimate in the comparable week in 2014. The middle row in the table below removes coal and grain from the changes in the railcar counts as neither of these commodities is economically intuitive.
Econintersect wants your comments,
data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.
Econintersect Economic Releases
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com