AAR: Weekly US Petroleum, Product Carloads Up 7%% vs Yr Ago
3/27 12:56 PM
AAR: Weekly US Petroleum, Product Carloads Up 7% vs Yr Ago
OAKHURST, N.J. (DTN) -- The Association of American Railroads data show
petroleum and petroleum product carloads totaled 10,093 in the week-ended March
23, 7.4% above the same week in 2023.
Year to date, petroleum and petroleum products carloads totaled 120,146,
7.1% above the corresponding period in 2023.
AAR reports total U.S. weekly rail traffic was 470,593 carloads and
intermodal units in the week profiled, up 2.1% compared with the same week last
year.
Total carloads for the week-ended March 23 were 215,277 carloads, down 6.1%
compared with the same week in 2023 while U.S. weekly intermodal volume was
255,316 containers and trailers, up 10.2% compared to 2023.
AAR also weighed in on the Franciso Scott Key Bridge collapse, and how
railroads are working to limit disruptions.
"The top priority following the tragic collapse of the Francis Scott Key
Bridge must be supporting the individuals and families impacted," said AAR
senior vice president of Policy and Economics Dr. Rand Ghayad. "At this time,
there are many unknowns about the long-term business impacts. However, recent
years have shown us the resilience of railroads and the broader logistics
sector in adapting swiftly to challenges while continuing to serve our
customers. Those lessons will be put to work in the days ahead to minimize
disruption to the fullest extent possible."
For the first 12 weeks of 2024, U.S. railroads reported cumulative volume of
2,555,094 carloads, down 4.3% from the same point last year, and 3,014,729
intermodal units, up 9.1% from last year. Total combined U.S. traffic for the
first 12 weeks of 2024 was 5,569,823 carloads and intermodal units, an increase
of 2.5% compared to last year.
North American rail volume on 10 reporting U.S., Canadian and Mexican
railroads for the week ended March 23 totaled 324,001 carloads, down 5.3%
compared to the same week last year, and 340,799 intermodal units, up 9.4%
compared with last year. Total combined weekly rail traffic in North America
was 664,800 carloads and intermodal units in the week under review, up 1.7%.
North American rail volume for the first 12 weeks of 2024 was 7,798,583
carloads and intermodal units, up 1.8% compared with 2023.
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