Third quarter carload declines worst yet in 2019
(Source: Freight Waves, October 2, 2019)
CHATTANOOGA, Tenn. — Rail volumes continued their declines in the latest week according to the Association of American Railroads (AAR). Week 39 of 2019 was no better than the ones that preceded it as a number of demand headwinds overhang the rail industry. Total U.S. carloads declined 7.4% year-over-year to 529,336 units in the week ended September 28, with metallic ores and metals (-17.9%), grain (-17.8%) and coal (-11.5%) posting double-digit declines. The 6.9% decline in U.S. intermodal shipments for the week was in-line with broader declines.
Full story: Freight Waves
Thursday, October 3, 2019
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