Rail Traffic Rose in Early November

U.S. railroads saw an increase in traffic during the first week of November, the first increase in freight traffic in several months.

AARThe Association of American Railroads said the railroads moved more than 543,000 carloads and 20-foot equivalent units, about 0.7 percent more than what they moved during the same week in 2015.

That included 272,115 containers and trailers, or about 1.7 percent more than last year. Freight traffic is still down about 0.4 percent compared to the same period last year.

Four of the 10 major commodities groups posted an increase in volume during the week. That included grain, up about 22 percent; non-metallic ores, up around 3.8 percent; and motor vehicles and other automobile parts, up nearly 3 percent.

Petroleum products, which include crude oil, remain down more than 16 percent while miscellaneous carloads are down a little more than 10 percent. Metallic ores and metals moves are also down by almost 10 percent.

For the first 44 weeks of 2016, U.S. rail traffic is still down a little more than 6 percent.

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