Econintersect: Week 32 of 2015 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. Intermodal traffic expanded year-over-year, which accounts for approximately half of movements. and weekly railcar counts continued in contraction.
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 are in contraction for over three months. The following chart is for railcar counts (not including intermodal).
| 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 | -1.6 % | accelerating | decelerating |
| 13 week rolling average | -2.1 % | accelerating | accelerating |
| 52 week rolling average | +1.5 % | 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 Aug. 15, 2015.
For this week, total U.S. weekly rail traffic was 564,502 carloads and intermodal units, down 1.7 percent compared with the same week last year.
Total carloads for the week ending Aug. 19, 2015 were 288,059 carloads, down 5.2 percent compared with the same week in 2014, while U.S. weekly intermodal volume was 276,443 containers and trailers, up 2.3 percent compared to 2014.
Four of the 10 carload commodity groups posted an increase compared with the same week in 2014. They included: miscellaneous carloads, up 16.8 percent to 9,949 carloads; grain, up 9.6 percent to 19,708 carloads and motor vehicles and parts, up 3.2 percent to 17,940 carloads. Commodity groups that posted decreases compared with the same week in 2014 included: metallic ores and metals, down 15.4 percent to 23,787 carloads; coal, down 10.4 percent to 106,339 carloads and petroleum and petroleum products, down 10.3 percent to 14,034 carloads.
For the first 32 weeks of 2015, U.S. railroads reported cumulative volume of 8,883,173 carloads, down 4.3 percent from the same point last year; and 8,487,784 intermodal units, up 2.5 percent from last year. Total combined U.S. traffic for the first 32 weeks of 2015 was 17,370,957 carloads and intermodal units, a decrease of 1.1 percent compared to last year.
North American rail volume for the week ending Aug. 15, 2015 on 13 reporting U.S., Canadian and Mexican railroads totaled 378,436 carloads, down 5.8 percent compared with the same week last year, and 352,114 intermodal units, up 2.3 percent compared with last year. Total combined weekly rail traffic in North America was 730,550 carloads and intermodal units, down 2.1 percent. North American rail volume for the first 32 weeks of 2015 was 22,655,831 carloads and intermodal units, down 0.5 percent compared with 2014.
Coal is over 1/3 of the total railcar count, and this week is 7.0 % 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 | -5.2 % | +2.3 % | -1.7 % |
| Ignoring coal and grain | -3.5 % | ||
| Year Cumulative to Date | -4.3 % | +2.5 % | -1.1 % |
[click on graph below to enlarge]
Current Rail Chart:
z rail1.png
From EIA.gov:
For the week ended August 8, 2015:
- Estimated U.S. coal production totaled approximately 18.2 million short tons (mmst)
- This production estimate is 2.9% higher than last week’s estimate and 7.0% lower than the production estimate in the comparable week in 2014
- East of the Mississippi River coal production totaled 7.4 mmst
- West of the Mississippi River coal production totaled 10.8 mmst
- U.S. year-to-date coal production totaled 546.4 mmst, 8.7% lower than the comparable year-to-date coal production in 2014
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