iShares Transportation Average ETF (IYT), FTXR Vansh Agarwal,
- The Association of American Railroads [AAR] reported on Wednesday that for the week ending March 16, 2024, U.S. rail traffic was 474,596 carloads and intermodal units, up 6.7% year-over-year.
- Total carloads for the week fell 0.6% to 219,586 carloads, while U.S. weekly intermodal volume was 255,010 containers and trailers, rising 13.8%.
- Seven of the 10 carload commodity groups posted a year-over-year increase for the week. They included grain, chemicals, and petroleum and petroleum products.
- Commodity groups that fell year-over-year for the week included coal, metallic ores and metals, and forest products.
- North American rail volume for the week, on 12 reporting U.S., Canadian and Mexican railroads was 332,985 carloads, up 1.0% year-over-year, and 338,651 intermodal units, up 12.1%.
- Canadian railroads reported 96,016 carloads for the week, up 6.5%, and 71,109 intermodal units, up 7.6%.
- Mexican railroads reported 17,383 carloads for the week, down 7.5%, and 12,532 intermodal units, up 6.6%.
- 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)