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Bailout
: Calculated RiskRail Traffic in November
By Anonymous
Click on graph for larger image in new window.
This graph shows U.S. average weekly rail carloads. This can be a little misleading because the data is impacted by the Thanksgiving holiday, and most of the decline is in coal. (see the notes below)
From AAR:
? In November 2009, U.S. freight railroads originated 1,089,077 carloads, an average of 272,269 carloads per week. That?s down 8.2%, or 96,900 carloads, from November 2008?s 1,185,977 carloads (when the weekly average was 296,494 carloads) and down 17.4% from November 2007?s 1,318,023 total (a weekly average of 329,506 carloads).The AAR report has a number of other graphs for various sectors like autos and housing. As an example they compare U.S. Housing Starts with U.S. and Canadian Rail Carloads of Lumber, Wood & Forest Products.? Coal had 78,535 fewer carloads in November 2009 than November 2008, accounting for most of the 96,900 total carload decline for the month.
? U.S. intermodal traffic (which isn?t included in carload figures) totaled 794,184 trailers and containers in November 2009, an average of 198,546 per week. That?s down 6.7% from November 2008 (when the weekly average was 212,879 units) and down
14.1% from November 2007, when the weekly average was 231,124.? Freight railroading is a 24/7/365-days a year business, but Thanksgiving week is always one of the lowest-volume weeks of the year and therefore holds down the November average.
? If Thanksgiving week were excluded, November would have been the highest volume month for U.S. railroads since November 2008 for both carload and intermodal traffic.
Full post as published by Calculated Risk on December 09, 2009 (boomark / email).
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