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Week 14: North American Rail Freight Traffic Rose sans Mexico

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

Intermodal Growth Pushed CP’s Volumes in Week 14

Canadian Pacific Railway’s carload volumes in Week 13

In Week 14 of 2018, Canadian Pacific Railway’s (CP) carload traffic rose 2.1% YoY (year-over-year) to ~33,000 railcars from ~32,300 railcars in Week 14 of 2017. In comparison, rival Canadian National Railway (CNI) recorded much higher carload traffic growth in that week. Compared with US and Canadian railroads’ carload traffic growth, CP realized much smaller gains.

Intermodal Growth Pushed CP&#8217;s Volumes in Week 14

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Excluding coal (ARCH), other carloads accounted for 80.1% of Canadian Pacific’ total carloads in Week 14, whereas coal carloads constituted 19.9%. In Week 14 of 2017, these metrics reached 80.5% and 19.5%, respectively. 

Other than coal carloads rose 1.6% to ~26,400 units from 26,000 in the same week in 2017. Coal carloads rose 4.2% to ~6,600 units from 6,300 in Week 14 of 2017.

Changes in Canadian Pacific Railway’s carload commodity groups

The following carload commodity volumes rose in Week 14:

  • potash
  • forest products
  • energy, chemical, and plastics
  • automotive

The following carload commodity volumes slumped in Week 14:

  • grain
  • fertilizer and sulfur
  • forest products
  • metals, minerals, and consumer products

CP’s intermodal volumes in Week 14

In Week 14 of 2018, Canadian Pacific Railway’s intermodal volumes grew 16.3% YoY to ~21,800 trailers and containers from ~18,700 in Week 14 of 2017. The company doesn’t report container and trailer traffic separately, unlike other Class I railroads (NSC). 

In the first 14 weeks of 2018, CP’s total freight volumes including intermodal grew 4.1%. In contrast, the total freight volumes for US and Canadian railroads (XLI) grew 2.7% and 3.0%, respectively.

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