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AAR: Broader economic factors hurt U.S. rail traffic in March
Rail News Home >> Rail Industry Trends
4/6/2023
Rail News: Rail Industry Trends
AAR: Broader economic factors hurt U.S. rail traffic in March
U.S. rail volume fell 7.6% to 2,323,708 carloads, containers and trailers in March compared with volumes in the same month a year ago, according to Association of American Railroads data.
Total carloads dipped 1.2% to 1,164,052 during the month, while total containers and trailers plummeted 13.3% to 1,159,656 units.
Ten of the 20 carload commodity categories that AAR tracks each month logged gains in March. They included motor vehicles and parts, up 7.9%; petroleum and petroleum products, 9.4%; and coal, 1.2%.
Commodities that posted volume decreases included grain (12.4%); chemicals (4.9%); and stone, clay and glass products (8%).
There are no clear indicators so far this year that suggest the nation’s economic uncertainty won’t continue into the immediate future, said AAR Senior Vice President John Gray in a press release.
{snip}
4/6/2023
Rail News: Rail Industry Trends
AAR: Broader economic factors hurt U.S. rail traffic in March
U.S. rail volume fell 7.6% to 2,323,708 carloads, containers and trailers in March compared with volumes in the same month a year ago, according to Association of American Railroads data.
Total carloads dipped 1.2% to 1,164,052 during the month, while total containers and trailers plummeted 13.3% to 1,159,656 units.
Ten of the 20 carload commodity categories that AAR tracks each month logged gains in March. They included motor vehicles and parts, up 7.9%; petroleum and petroleum products, 9.4%; and coal, 1.2%.
Commodities that posted volume decreases included grain (12.4%); chemicals (4.9%); and stone, clay and glass products (8%).
There are no clear indicators so far this year that suggest the nation’s economic uncertainty won’t continue into the immediate future, said AAR Senior Vice President John Gray in a press release.
{snip}