AAR: October Rail Carloads Up 1.0% YoY, Intermodal Up 4.2% YoY

Nov 08 21:11 2018 Print This Article

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail traffic in October 2018 was mixed. Total carloads rose 1.0%, or 12,598. On the positive side, carloads of petroleum and petroleum products surged 28.4% (13,746) in October thanks to higher crude oil shipments; carloads of coal rose 1.6% (6,828 carloads, their first increase in five months); and carloads of steel and other primary metal products rose 9.8% (4,188 carloads, their 21st increase in the past 23 months). … Meanwhile, uncertainties in export markets is hurting grain, carloads of which were down 4.8% (5,620) in October. ... Intermodal did very well in October: volumes were up 4.2%, or 58,546 containers and trailers.

Click on graph for larger image.This graph from the Rail Time Indicators report shows U.S. average weekly rail carloads (NSA).  Light blue is 2018. Rail carloads have been weak over the last decade due to the decline in coal shipments.U.S. railroads originated 1,338,037 carloads in October 2018, up 1.0%, or 12,598 carloads, over October 2017. It’s the eighth straight monthly increase for total carloads, but it’s also the smallest percentage increase in those eight months. In October 2018, 13 of the 20 commodity categories the AAR tracks had carload increases, the fewest since March 2018.

Read More

About Article Author

Calculated Risk

A full time blogger, Bill McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

Related Items

Burning bright or burned out? The outlook for coal and natural gas markets

This blog is the third in a series of ten blogs on commodity market developments, elaborating on themes discussed in the latest edition of the World Bank’s Commodity Markets Outlook. Earlier blogs can be found here.  Recent developments and outlook: coal Coal prices rose 12 percent in the third ...

Have we seen the bottom in Gold? David Brady (16/11/2018)

Nov 16, 2018 Gold initially began its bounce on Wednesday on the back of news that China hawk Peter Navarro had been muzzled by the White House and there were ongoing trade discussions between China and the U.S. at all levels of government. The same evening, Fed Chair Powell made some statements th ...

EOG Targets Lower Costs As It Improves Inventory

In U.S. shale plays, where increasing efficiency is among the unofficial mantras, EOG Resources Inc. (NYSE: EOG) is on a mission to drive down costs as the company improves the quality of its growing inventory. The Houston-based independent, which generated more than $500 million of free cash flow d ...

CWS Market Review – November 16, 2018

“In a roaring bull market, knowledge is superfluous and experience is a handicap.” – Benjamin Graham Last week, I urged caution on the stock market’s rebound. Sure enough, the S&P 500 lost ground five days in a row. The index rebounded on Thursday, but that was after it dropped to its lowe ...

Week Ahead: Nifty has multiple overhead resistances to deal with in this short week

The Indian Equity Markets spent the entire week on expected lines. The previous week was expected to be turbulent, and the zone of 10600-10750 was set to pose stiff resistance to the Markets and on these analyzed lines, the NIFTY continued to remain volatile all throughout the week. The benchmark I ...

You Really CAN Make Money in a Rough Market Environment

The quarter beginning 10-1-18 has been challenging for a lot of traders. The NASDAQ has lost almost 10% while the S&P has lost 6%, both well off the quarter's low. Volatility has reigned with the VIX at elevated levels for most of the quarter. It has been challenging for us at EarningsBeats as well ...

DP Weekly Wrap: Does SPY Have Bullish Reverse H&S? Gold Sentiment Is Looking Contrarian

A lot of people are seeing a reverse head and shoulders pattern developing, and it is really not hard to spot. From Friday's close, it will take a rally of a little less than 3% for price to reach the neckline. Add another 4.5% and new, all-time highs will be made. Some indicators favoring a positi ...

November 16, 2018

The TXPR Index hit a new 52-week low today, touching 667.15, well below the prior low (set on October 30) of 669.90. There have now been seven straight days of losses, during which the price index has gone down 2.73%. CPD closed at 13.38, its low for the day, just a penny above its 52-week low set ...

Schedule for Week of November 18, 2018

The key economic reports this week are October Housing Starts and Existing Home Sales.Happy Thanksgiving!----- Monday, Nov 19th ----- 10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  68, unchanged from 68. Any number above 50 indicates that more builders view sales ...