iShares Transportation Average ETF (IYT), FTXRVansh Agarwal,
- The American Railroad Association [AAR] reported Wednesday that for the week ending March 2, 2024, U.S. rail traffic was 483,138 carloads and intermodal units, up 3.9% year over year.
- Total carload for the week fell 4.3% to 220,406 loads, while weekly intermodal freight in the U.S. volume was 262,732 containers and trailers, up 12%.
- Eight of the 10 autoload freight groups saw year-over-year increases for the week. They include motor vehicles and parts, ores and metals, and miscellaneous automobile cargoes.
- Commodity groups that declined year-on-year during the week include coal and non-metallic minerals.
- North American rail volume for the week, across 12 U.S., Canadian and Mexican railroads, was 324,643 carloads, down 4.6% year over year, and 344,823 intermodal units, up 10.9%.
- Canadian Railways reported 89,148 carloads for the week, down 3.6 per cent, and 71,183 intermodal units, up 9.2 per cent.
- Mexican Railways reported 15,089 carloads for the week, down 14%, and 10,908 intermodal units, down 2.2%.
- Related tickers: Canadian Pacific Railway (CP), Canadian National Railway (CNI), CSX Corp. (CSX) and Union Pacific (NYSE:UNP), Berkshire Hathaway (BRK.A) (BRK.B), Norfolk Southern (NSC) and Brookfield Infrastructure Partners (BIP) (BIPC)