North American carload and intermodal volume saw moderate year-over-year increases in the week ending June 15, according to the Association of American Railroads. North American intermodal volume hit its highest level since October 2012.
Combined North American carload volume, including all three North American Free Trade Agreement partners, grew 1.2 percent from the same week in 2012 and 3 percent week-to-week, to 384,032 carloads. The total North American carload volume for 2013 year-to-date is 0.4 percent less than in the same period in 2012, at 8,896,141 carloads.
North American intermodal volume inched up 0.7 percent week-to-week and 1.5 percent from the same week in 2012 to 318,797 trailers and containers. This is the 11th consecutive week of year-over-year increases. Total intermodal volume for the first 24 weeks of 2013, 7,246,275 units, was 3.9 percent higher than the level seen in the same period in 2012.
U.S. carload volume increased 0.5 percent to 288,879 carloads this week. Volume was up 3.8 percent from the week before as well. U.S. intermodal volume rose 1.7 percent year-over-year and 0.6 percent from the week before to 254,266 trailers and containers.
“Four of the 10 carload commodity groups posted increases compared with the same week in 2012, led by petroleum and petroleum products, up 35.6 percent. Commodities showing a decrease compared with the same week last year included grain, down 12.1 percent," the AAR noted in this week’s release.
Canadian carload volume climbed 2.3 percent year-over-year, and 1.4 percent from the previous week, to 78,724 carloads. Canadian intermodal volume edged back up by 0.8 percent this week, after last week’s uncharacteristic 3.3 percent year-over-year drop, rising to 54,738 trailers and containers. This was also up 1.8 percent from last week’s volume. In the past year, the change from the year before had only been negative twice.
Mexican carload traffic rose for 11 straight weeks year-over-year, reaching 16,429 carloads, up 9 percent. Volume was down 2.1 percent from where it was the week before. Mexican intermodal traffic dropped 1.8 percent from the same week last year to 9,793 trailers and containers. This followed two consecutive weeks of increases, which had come after six straight weeks of declines. In the past year, there have only been four months that showed growth. Intermodal traffic also fell 2.7 percent week-to-week.