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Week 14: North American Rail Freight Traffic Rose sans Mexico

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Part 5
Week 14: North American Rail Freight Traffic Rose sans Mexico PART 5 OF 8

A Summary of CSX’s Railcar Volumes in Week 14

CSX’s carload traffic in Week 14

Major Eastern US railroad CSX (CSX) has reported declining carload traffic throughout most of 2018. The week ended April 7, 2018, or Week 14, wasn’t an exception. In Week 14, CSX’s carload volumes declined 0.7% YoY (year-over-year) to ~69,800 carloads from ~70,300 carloads in the week ended April 8, 2017.

In comparison, CSX’s competitor Norfolk Southern (NSC) witnessed a 1.0% rise its carload traffic. CSX also fared badly when compared with US railroads’ 4.6% gains in the same category in Week 14 of 2018.

A Summary of CSX&#8217;s Railcar Volumes in Week 14

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Carloads excluding coal (ARCH) and coke comprised 74.4% of total carloads, whereas coal and coke carloads totaled 25.6% in 2018. The same metrics in Week 14 of 2017 totaled 79.0% and 21.0%, respectively.

Other than coal and coke carloads declined 6.5% to 52,000 units from 55,500 units in 2017. However, coal and coke carloads soared 20.8% to ~17,900 units compared with 14,800 units in 2017.

Changes in CSX’s carload commodity groups

The following carload commodity shipments rose in Week 14:

  • pulp and paper products
  • iron and steel scrap
  • motor vehicles and parts
  • pulp and paper products

The following carload commodity volumes fell in Week 14:

  • grain
  • food products
  • chemicals
  • non-metallic minerals
  • stone, clay, and glass products

A Summary of CSX&#8217;s Railcar Volumes in Week 14

CSX’s intermodal volumes in Week 14

In Week 14 of 2018, CSX’s intermodal traffic fell 0.9% YoY to ~53,500 trailers and containers from 53,900 units in Week 14 of 2017. While container traffic contracted, the railroad’s trailer volumes expanded. 

Container volumes declined 1.0% to ~51,400 units from ~52,000 units in 2017. Trailer traffic rose 3.6% YoY to ~2,000 units from ~1,960 units.

CSX’s railcar traffic (including intermodal) contracted 3.0% in the first 14 weeks of 2018. During the same period, US railroads’ (IYJ) expanded 2.7%. This shows that CSX has yet to win customers who shifted to other railroads in the implementation of its operational turnaround. 

Next, we’ll go through Kansas City Southern’s (KSU) shipment trends in Week 14.

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