econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 10 September 2015

Rail Week Ending 05 September 2015: Improvement This Week

Week 35 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. Intermodal traffic expanded year-over-year, which accounts for approximately half of movements. but weekly railcar counts continued in contraction. Note that the words in the AAR's release do NOT match the backup data (significant disconnect) - and this week's report is a best guess on the current situation.

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 (carloads and intermodal combined).

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 -0.6 % accelerating unchanged
13 week rolling average -1.4 % accelerating decelerating
52 week rolling average +1.2 % decelerating decelerating

A summary of the data from the AAR:

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending Sep. 5, 2015.

For this week, total U.S. weekly rail traffic was 567,206 carloads and intermodal units, up 8 percent compared with the same week last year.

Total carloads for the week ending Sep. 9 were 287,339 carloads, down 0.4 percent compared with the same week in 2014, while U.S. weekly intermodal volume was 279,867 containers and trailers, up 17 percent compared to 2014.

Seven of the 10 carload commodity groups posted an increase compared with the same week in 2014. They included: motor vehicles and parts, up 19.5 percent to 18,534 carloads; miscellaneous carloads, up 18.3 percent to 9,213 carloads and grain, up 9.6 percent to 18,780 carloads. Commodity groups that posted decreases compared with the same week in 2014 included: metallic ores and metals, down 17.3 percent to 21,145 carloads; petroleum and petroleum products, down 9.1 percent to 14,240 carloads; and coal, down 2.8 percent to 108,208 carloads.

For the first 35 weeks of 2015, U.S. railroads reported cumulative volume of 9,750,275 carloads, down 4.1 percent from the same point last year; and 9,331,154 intermodal units, up 3 percent from last year. Total combined U.S. traffic for the first 35 weeks of 2015 was 19,081,429 carloads and intermodal units, a decrease of 0.8 percent compared to last year.

Coal is over 1/3 of the total railcar count, and this week is 5.4 % 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.

This Week Carloads Intermodal Total
This week Year-over-Year -0.4 % +17.0 % -8.0 %
Ignoring coal and grain +0.1 %
Year Cumulative to Date -4.1 % +3.0 % -0.8 %

[click on graph below to enlarge]

Current Rail Chart:

z rail1.png

From EIA.gov:

For the week ended August 29, 2015:

  • Estimated U.S. coal production totaled approximately 18.7 million short tons (mmst)
  • This production estimate is 1.3% higher than last week's estimate and 4.5% lower than the production estimate in the comparable week in 2014
  • East of the Mississippi River coal production totaled 7.6 mmst
  • West of the Mississippi River coal production totaled 11.1 mmst
  • U.S. year-to-date coal production totaled 601.8 mmst, 8.5% lower than the comparable year-to-date coal production in 2014

Steven Hansen



>>>>> Scroll down to view and make comments <<<<<<



Permanent link to most recent post on this topic

Click here for Historical Releases Listing










Make a Comment

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


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


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
Main Home
Analysis Blog
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
Understanding The Downward Trend In Labor Income Shares
Why Renegotiating NAFTA Could Disrupt Supply Chains
Public Relations Nightmares
Catch Me If You Can
U.S. Consumer Debt Rises Overall, Housing Debt Drops
Infographic Of The Day: Graphene Is The Game-Changing Material Of The Future
Early Headlines: CB Bal. Sheets Still Growing, GOP Doing Too Much, May Threw Ulster Under Bus, French Election, China Vs. Pollution, Venzuela Gave To Trump Inaug., And More
NOAA and JAMSTEC Issue Seasonal Updates - Winter in Doubt
Over 200,000 People Have Been Displaced From Mosul
Heat From The Atlantic Ocean Is Melting Arctic Sea Ice Further Eastwards Than Ever Before
Number Of Americans Without Healthcare Insurance Has Dropped
What We Read Today 22 April 2017
B-2 Spirit Stealth Bomber In Action
Investing Blog
The Week Ahead: Build That Wall!
How To Trade Earnings Announcements
Opinion Blog
What Does The Strong Q1 Growth Mean For China?
Marx, Orwell And State-Cartel Socialism
Precious Metals Blog
Three Gold Plays For The New Era Of Chaos
Live Markets
21Apr2017 Market Close: US Stocks Slipped Moderately, WTI Crude Slips On Renewed Concerns Of Increasing U.S. Production, Industrial Businesses' Cash Outflows Concern Investors
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved