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            may 21, 2018

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US rail freight volume rises 5.5 per cent yoy in March


US-based freight railroads achieved a 5.5 per cent year-on-year volume increase in March, after handling a record 2.58 million carloads and intermodal traffic. The positive result continues with rises of 4.2 per cent registered in February, 0.5 per cent in January, 6.9 per cent in December and 1.1 per cent in November, according to the Association of American Railroads (AAR).
In the first quarter of 2017, total US rail traffic rose 3.5 per cent against the previous year to 6.71 million carloads and intermodal units.
The November gain in rail volumes came after several months of year-on-year decreases owing to plummeting volumes of traditional rail commodities, such as coal and crude oil, due to stricter EPA regulations and low prices for alternative energies like natural gas, reported American Shipper.
Carload traffic in March was up 7.3 per cent to 1.28 million carloads, while intermodal rose by 3.8 per cent to 1.3 million containers and trailers compared with the same period in 2016.
AAR senior vice president of Policy and Economics John Gray said in a statement: "Roughly half of intermodal is international trade, but it's not just intermodal that's associated with international trade. At least 42 per cent of the carloads and intermodal units our nation's railroads carry, and more than 35 per cent of rail revenue, are directly associated with international trade."

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