Freight Traffic Down 3.2% in June

U.S. Class I railroads hauled 1,157,555 carloads in June, a decline of 1.5 percent, or 17,970 carloads when compared with the same month in 2021.

The Association of American Railroads said that intermodal traffic this past June was 1,323,119 containers and trailers, a decline of 4.6 percent or 63,483 units compared with June 2021.

Combined U.S. carload and intermodal originations in June 2022 was 2,480,674, a fall of 3.2 percent, or 81,453 carloads and intermodal units compared with the same month last year.

AAR said eight of the 20 carload commodities it tracks posted carload gains in June.

These included crushed stone, sand and gravel, up 7,028 carloads or 7.3 percent; grain, up 4,794 carloads or 4.5 percent; and motor vehicles and parts, up 3,839 carloads or 6.2 percent.

Losing ground were coal, down 10,226 carloads or 3.1 percent; all other carloads, down 7,532 carloads or 23.1 percent; and primary metal products, down 5,388 carloads or 11.6 percent.

Excluding coal, carloads were down 7,744 carloads, or 0.9 percent, in June 2022 from June 2021. Excluding coal and grain, they were down 12,538 carloads, or 1.7 percent.

AAR Senior Vice President John T. Gray said this week that the June traffic report doesn’t indicate whether the economy is on the verge of a recession as many economists are warning.

“Like many other economic indicators today, rail traffic is a mix of red, yellow and green, with some traffic lines, such as automotive, providing generally positive indicators, while others, such as chemicals, being a bit more subdued than they were earlier in the year,” Gray said.

Carload traffic for the first six months of this year was 5,993,917, down 0.1 percent, or 8,823 carloads compared with the first half of 2021.

Intermodal traffic was 6,878,726 intermodal units, down 6.2 percent, or 453,282 containers and trailers.

Total combined U.S. traffic for the first 26 weeks of 2022 was 12,872,643 carloads and intermodal units, a 3.5 percent drop compared with the same period in 2021.

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