From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission.
U.S. rail visitors in June 2017 was a mixture of the great and the not so good. The good included intermodal, which was up four.6% in June and a couple of.7% (179,515 containers and trailers) for the yr so far. Year to-date intermodal quantity via June was the very best ever. On the carload aspect, coal was up 13.2% in June and up 18.zero% (326,783 carloads) for the primary half. The first half of 2016 was a ridiculously dangerous interval for coal, so the comparisons this yr have been fairly straightforward. As we go ahead in 2017, the comps for coal will get a lot harder. Carloads of crushed stone, gravel and sand have been 18.5% greater in June and 12.eight% greater in the primary half. Thanks to surging sand shipments, this class set a year-to-date report this yr. Year-to-date carloads of chemical compounds thorugh June have been the very best ever too. The not so good included petroleum and petroleum merchandise (down 15.2% in June, their 25th straight year-over-year decline) and motor automobiles and elements (down 7.9% in June for mixed U.S. and Canadian carloads, their sixth straight month-to-month decline to match the six straight months in which new mild car gross sales have fallen). Total carloads in June 2017 have been up four.four% over final yr; complete carloads in the primary half of 2017 have been up 6.four% (404,078 carloads) over final yr.
This graph from the Rail Time Indicators report exhibits U.S. common weekly rail carloads (NSA). Dark blue is 2017.
Rail carloads have been weak during the last decade because of the decline in coal shipments.
t’s all relative, however from a brief time period perspective, for now U.S. rail carloads are doing fairly nicely. In June 2017 totaled 1,065,976, up four.four%, or 45,174, over June 2016. That’s the eighth straight year-over-year month-to-month improve following 21 straight year-over-year month-to-month declines. Average weekly carloads in June 2017 have been 266,494, probably the most for any month since October 2016. While June 2017 compares favorably with June 2016, it doesn’t fare nicely towards June in most different years — since our data start in 1988, solely 2009 and 2016 had decrease weekly common complete carloads in June.
U.S. railroads originated 1,113,575 containers and trailers in June 2017, up four.6% (49,425 models) over June 2016 and the second-best June in historical past in phrases of weekly common quantity (barely behind 2015). In June, the variety of intermodal models originated by U.S. railroads exceeded the variety of carloads for the ninth straight month. The first time that ever occurred was May 2015, however it’s widespread now.
SOURCE: Calculated Risk – Read whole story here.