The Association of American Railroads Thursday again reported a decline in weekly U.S. freight traffic, this time for the week ended Oct. 17, but AAR added that the week marked the one-year anniversary of the current traffic downturn affecting North America’s major railroads.
U.S railroad car traffic was down 15.4% for Week 41, compared with the comparable week in 2008. U.S. intermodal traffic declined 12.6%. Total volume of 31 billion ton-miles was down 13.9% from the comparable period a year ago.
At last year’s Week 41 mark, “notable declines in rail carloads (2.4%) and rail intermodal (2.8%) traffic showed the first significant signs of the nation’s economic downturn. Therefore, year-over-year comparisons for weekly rail traffic may appear to improve going forward,” AAR observed.
Canadian railroads reported carload volume of was down 10.4% from last year, and intermodal fell 11.3%. Mexico’s two major railroads reported carload volume fell 9.5% during Week 41, while intermodal retreated 11.3%.
Combined North American rail volume for the first 41 week sof 2009 on 13 reporting U.S., Canadian, and Mexican railroads was down 18.6% from the comparable timespan in 2008, while intermodal fell a comparable 16.5%.