U.S. intermodal rail narrowly down

All freight slips below year-ago levels

(Photo: Jim Allen/FreightWaves)

Key Takeaways:

  • US rail traffic for the week ending June 28 was slightly down (0.2%) compared to the same week in 2024, marking the third sub-2024 level week in four.
  • Year-to-date (26 weeks), US rail traffic is up 3.9% compared to 2024, with intermodal units showing stronger growth (5.1%) than carloads (2.4%).
  • North American rail traffic (including US, Canada, and Mexico) for the week ending June 28 was up 0.7% year-over-year, driven by intermodal unit growth.
  • While overall traffic showed mixed results, grain and motor vehicles/parts experienced significant increases, while metallic ores and metals saw notable declines.

Rail traffic in the United States was back below 2024 levels for the latest week ending June 28.

According to the Association of American Railroads, traffic for the week was 491,424 carloads and intermodal units, down 0.2% from the same week a year ago. That included 225,227 carloads, up 0.05%, and 266,197 containers and trailers, down 0.3%. It was the third time in four weeks this year that traffic has been below 2024 levels.

Grain led just four gainers among 10 commodities, up 15.9%. Motor vehicles and parts was 9% ahead.

Metallic ores and metals led declines, off 12.5%.  

(Chart: AAR)

At the midway point of 2025 — 26 of 52 weeks — the cumulative rail traffic total is 12,688,896 carloads and intermodal units, up 3.9% y/y. Included in that figure are 5,705,567 carloads, up 2.4%, and 6,983,329 intermodal units, up 5.1%.

North American volume for the week, from nine reporting U.S., Canadian, and Mexican railroads, totals 685,873 carloads and intermodal units, an increase of 0.7% over the corresponding week in 2024. That includes 330,171 carloads, down 1.2%, and 355,702 intermodal units, up 2.6%.

The year-to-date total for North America is 17,454,891 carloads and intermodal units, up 2.7% compared to the first 26 weeks of 2024. That includes 4,238,619 carloads and intermodal units in Canada, up 1.2%, and 618,376 carloads and intermodal units in Mexico, down 8.6%.

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