Freight volumes for North American railroads have held on quite well since March. Total carloads for July, at 747,332, were still above the first and second quarter averages of 707,229 and 740,327, respectively. On a QTD basis, carloads are up an average of 11%.
Grain shipments have declined considerably since March. Metallic Ores, Metals and Product, and Motor Vehicles and Equipment remain quite solid. Intermodal is particularly strong reflecting continued inventory replenishment. Overall, rail freight does not point to a double dip.
Charts from RBC Capital Markets
Related posts:
- RAIL FREIGHT VOLUMES HOLDING UP
- US RAIL FREIGHT VOLUME REMAINS STRONG
- Freight Volumes Keep Recovering
- DURABLE GOODS ORDERS DECLINE BUT NON-DEFENSE-EX-AIRCRAFT RISE AGAIN
- TRANSPORTATION STATS ARE ALSO STRONG
Related posts brought to you by Yet Another Related Posts Plugin.
