Thursday, January 22, 2009

Rail Freight Traffic Off Sharply in 2009

by Calculated Risk on 1/22/2009 04:13:00 PM

From the Association of American Railroads (AAR): Rail Freight Traffic Slides During 2nd Week of 2009 (hat tip Bob_in_MA)

The economic slowdown continued to affect U.S. railroads as freight volume declined during the second week of 2009 in comparison with same week last year, the Association of American Railroads (AAR) reported today.

Carload freight totaled 267,063 cars, down 17.9 percent from 2008, with loadings down 13.2 percent in the West and 24.4 percent in the East. Intermodal volume of 199,117 trailers or containers was off 13.7 percent from last year, with container volume falling 10.2 percent and trailer volume dipping 27.0 percent. Total volume was estimated at 28.3 billion ton-miles, off 16.8 percent from 2008.
Ouch.