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 18 November 2016

Rail Week Ending 12 November 2016 - A Slightly Negative Week Following A Positive Week

Week 45 of 2016 shows same week total rail traffic (from same week one year ago) marginally contracted according to the Association of American Railroads (AAR) traffic data. Rolling averages remain in contraction - but are improving.

Analyst Opinion of the Rail Data

We review this data set to understand the economy. If coal and grain are removed from the analysis, rail has recently been declining around 5% - but this week was -1.2 %. This week the one year rolling average again improved - but it remains in contraction.

The contraction in rail counts began over one year ago, and now rail movements are being compared against weaker 2015 data - and this is the cause periodic acceleration in the short term rolling averages. Still, rail is weak to very week compared to previous years.

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 % decelerating accelerating
13 week rolling average -3.8 % accelerating accelerating
52 week rolling average -7.0 % decelerating accelerating

A summary of the data from the AAR:

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 12, 2016.

For this week, total U.S. weekly rail traffic was 541,127 carloads and intermodal units, down 0.5 percent compared with the same week last year.

Total carloads for the week ending November 12 were 272,131 carloads, up 0.5 percent compared with the same week in 2015, while U.S. weekly intermodal volume was 268,996 containers and trailers, down 1.4 percent compared to 2015.

Six of the 10 carload commodity groups posted an increase compared with the same week in 2015. They included grain, up 23 percent to 26,817 carloads; miscellaneous carloads, up 5.4 percent to 9,566 carloads; and metallic ores and metals, up 5.2 percent to 21,806 carloads. Commodity groups that posted decreases compared with the same week in 2015 included petroleum and petroleum products, down 15.4 percent to 11,146 carloads; forest products, down 5.6 percent to 9,677 carloads; and motor vehicles and parts, down 5.4 percent to 17,227 carloads.

For the first 45 weeks of 2016, U.S. railroads reported cumulative volume of 11,347,603 carloads, down 9.6 percent from the same point last year; and 11,700,543 intermodal units, down 2.9 percent from last year. Total combined U.S. traffic for the first 45 weeks of 2016 was 23,048,146 carloads and intermodal units, a decrease of 6.3 percent compared to last year.

Coal is over 1/3 of the total railcar count, and this week the EIA says coal production is 1.2 % higher than the production estimate in the comparable week in 2015.

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 +0.5 % -1.4 % -0.5 %
Ignoring coal and grain -1.2 %
Year Cumulative to Date -9.6 % -2.9 % -6.3 %

[click on graph below to enlarge]

Current Rail Chart:

z rail1.png

For the week ended November 12, 2016

  • Estimated U.S. coal production totaled approximately 16.8 million short tons (mmst)
  • This production estimate is 0.8% lower than last week's estimate and 1.2% higher than the production estimate in the comparable week in 2015
  • East of the Mississippi River coal production totaled 6.2 mmst
  • West of the Mississippi River coal production totaled 10.6 mmst
  • U.S. year-to-date coal production totaled 640.3 mmst, 19.3% lower than the comparable year-to-date coal production in 2015

Coal production from EIA.gov

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.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



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
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
This Truck's Barrier Expands Out Of The Back For A Quarter Mile
October 2016 Manufacturing New Orders Improved
3Q2016 (Final): Headline Productivity Improves
October 2016 Trade Data Mixed
October 2016 CoreLogic Home Prices Year-over-Year Growth Rate Now Improved to 6.7%.
Taiwan, Trump And A Telephone: How A Simple Act Called Out A Contradiction In U.S. Diplomacy
Infographic Of The Day: A Beginner's Guide To Encryption
Early Headlines: Asia Stocks Up, Oil Down, GOP Healthcare, Trump Not Reagan Redux, EU Ending?, UK Lost Decade, Putin Taking Over Mid-East, Yuan 'Flash' Crash And More
December 5, 2016 Weather and Climate Report - December Update - Zonal Prevails
Irish Births And Baptisms Visualised
What Happens In The Smartphone Afterlife
Water Intoxication: Are We Drowning In Advice To Drink More Fluids?
The Worldwide Virtual Reality Market Is Set To Be Huge
Investing Blog
Momentum Issues A Warning
The Great Bond Crash Of 2016: 05 December Update
Opinion Blog
The Shale-War Is Over
Fake Science
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
06Dec2016 Market Close: Wall Street Closed Higher, Commodities Remain Weak, The Bull Marches On
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



Crowdfunding ....






























 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 - 2016 Econintersect LLC - all rights reserved