February rail service issues are still being felt in March, raising concerns about the Canadian rail network’s ability to handle increased grain volumes in future years.
U.S. intermodal traffic on a weekly basis continues to show strength, rising last week by 22%, according to the Association of American Railroads. The increase comes amid higher U.S. retail sales in February year-over-year, despite a sequential decline.
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International intermodal volumes for the U.S. have risen 44% year-over-year, according to FreightWaves SONAR, amid higher import activity.
U.S. weekly intermodal volumes moved higher last week amid support from retail and e-commerce, while carloads slumped as some U.S. Gulf Coast facilities seek to fully return to normal following February’s winter storm.
The extreme cold and heavy snow dampened U.S. rail volumes last week.
FreightCar America makes Terry Rogers its permanent CFO, the Association of American Railroads reports weekly U.S. rail volumes rose 0.3% year-over-year, and The Broe Group updates its progress on a Savannah, Georgia-area industrial park.
The U.S. housing market is tight heading into 2021, with higher housing starts and limited inventories helping to support lumber and wood carloads.
Anticipated consumer spending levels, retail restocking and tight truck capacity are among the factors that could support intermodal volumes this year, according to Class I rail execs.
U.S. weekly rail traffic rose nearly 6% last week amid a 43% increase in grain carloads and a 13% rise in intermodal traffic.
