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Total U.S. weekly rail traffic down 10.6% ( coal down 33.5% )
Railway Age ^ | May 11, 2016 | Ben Vient

Posted on 05/12/2016 7:31:52 AM PDT by george76

The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 7, 2016: Total U.S. weekly rail traffic was 492,923 carloads and intermodal units, down 10.6% compared with the same week last year.

Total carloads for the week ending May. 7 were 233,047 carloads, down 14.8% compared with the same week in 2015, while U.S. weekly intermodal volume was 259,876 containers and trailers, down 6.4% compared to 2015.

Three of the 10 carload commodity groups posted an increase compared with the same week in 2015. They were miscellaneous carloads, up 6.7% to 9,839 carloads; chemicals, up 1.6% to 31,075 carloads; and grain, up 0.1% to 18,004 carloads. Commodity groups that posted decreases compared with the same week in 2015 included coal, down 33.5% to 62,394 carloads; petroleum and petroleum products, down 26.4% to 11,394 carloads; and metallic ores and metals, down 12.8% to 20,569 carloads.

For the first 18 weeks of 2016, U.S. railroads reported cumulative volume of 4,320,667 carloads, down 14.3% from the same point last year; and 4,628,008 intermodal units, down 1.1% from last year. Total combined U.S. traffic for the first 18 weeks of 2016 was 8,948,675 carloads and intermodal units, a decrease of 8% compared to last year.

North American rail volume for the week ending May. 7, 2016, on 13 reporting U.S., Canadian and Mexican railroads totaled 314,690 carloads, down 14.8% compared with the same week last year,

...

The AAR also reported U.S. Class I railroads originated 63,261 carloads of crude oil in the first quarter of 2016, down 21,664 carloads or 25.5% from the fourth quarter of 2015 and down 49,828 carloads or 44.1% from the first quarter of 2015.

(Excerpt) Read more at railwayage.com ...


TOPICS: Business/Economy; Canada; Foreign Affairs; Mexico
KEYWORDS: aar; coal; commodities; rail; railroads; railtraffic; transportation; usrailtraffic; waroncoal
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1 posted on 05/12/2016 7:31:52 AM PDT by george76
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To: george76

This squares with a previous report (last week I think) that talked about the hundreds of rail cars that sit idle because they’re simply not needed. Right now anyway.

Feels like this economy is in a flat spin.


2 posted on 05/12/2016 7:37:10 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: george76

Don’t worry!

The economy’s doing great and unemployment is around 5%.

Don’t ask any questions unless you want a visit from DHS and the IRS.


3 posted on 05/12/2016 7:39:33 AM PDT by Arm_Bears (Rope. Tree. Politician/Journalist. Some assembly required.)
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To: george76

Transportation is what is known as a leading indicator, my guess is we are headed for a drop in our economy.


4 posted on 05/12/2016 7:41:56 AM PDT by stockpirate (Rush is a low information talk show host concerning Ted sCruz and Marco foamboy Rubio.)
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To: george76

Who’s got the Baghdad Bob picture?


5 posted on 05/12/2016 7:47:32 AM PDT by VTenigma (The Democratic party is the party of the mathematically challenged)
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To: stockpirate

The economy has been collapsing since 2008.


6 posted on 05/12/2016 7:48:47 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

I can’t get the page to come up, but why is coal consumption down? Seems like it all goes for power generation, which has been declining somewhat but not that much...


7 posted on 05/12/2016 8:01:10 AM PDT by bigbob
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To: MichaelCorleone
This squares with a previous report (last week I think) that talked about the hundreds of rail cars that sit idle because they’re simply not needed. Right now anyway.

Feels like this economy is in a flat spin.

Also the report last week about orders for heavy duty trucks was down a lot....and today about the rise in unemployment claims.

8 posted on 05/12/2016 8:01:21 AM PDT by spokeshave (Somewhere there is a ceiling for Trump.....Yeah, it's called The Oval Office)
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To: bigbob

I think coal has gone down due to conversions of power plants to natural gas from coal.


9 posted on 05/12/2016 8:02:34 AM PDT by exit82 (Road Runner sez:" Let's Make America Beeping Great Again! Beep! Beep!")
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To: spokeshave

....Not to mention that the Baltic Shipping Index is dropping like a stone....(also reported last week)


10 posted on 05/12/2016 8:02:46 AM PDT by spokeshave (Somewhere there is a ceiling for Trump.....Yeah, it's called The Oval Office)
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To: bigbob

A lot of coal plants are being shut down in favor of natural gas.


11 posted on 05/12/2016 8:05:18 AM PDT by Vince Ferrer
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To: bigbob
I can’t get the page to come up, but why is coal consumption down? Seems like it all goes for power generation, which has been declining somewhat but not that much.

Remember when Obama said "I'm going to bankrupt the coal and electricity companies"

Well...he did it

The largest pillar of the coal industry has now fallen. In filing for bankruptcy last week, Peabody Energy joined Arch Coal, Patriot Coal, Walter Energy and Alpha Natural Resources among the largest coal mining companies recently facing this fate.

12 posted on 05/12/2016 8:08:42 AM PDT by spokeshave (Somewhere there is a ceiling for Trump.....Yeah, it's called The Oval Office)
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To: spokeshave
Here is Obama at the gym....practicing the arduous "bench lift"

So he can "turn over every stone"...in his mission to create jobs.

13 posted on 05/12/2016 8:11:25 AM PDT by spokeshave (Somewhere there is a ceiling for Trump.....Yeah, it's called The Oval Office)
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To: george76
Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing.
14 posted on 05/12/2016 8:12:51 AM PDT by carriage_hill ( A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: spokeshave

You can add energy companies Linn Energy and Penn Virginia to the list as well, they just announced Chapter 11.


15 posted on 05/12/2016 8:59:50 AM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: george76

Railroad companies are excellent companies to monitor for market watchers. The results are not to surprising given recent quarterly earning calls. It is good to see grain up if only slightly as well as chemicals. Oil down in expected with the decline in drilling. Coal continues to slide because of regulation and international demand. Intermodal was down which means imports are down...


16 posted on 05/12/2016 9:06:38 AM PDT by 11th Commandment ("THOSE WHO TIRE LOSE")
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To: 11th Commandment
It is good to see grain up if only slightly as well as chemicals. Oil down in expected with the decline in drilling. Coal continues to slide because of regulation and international demand. Intermodal was down which means imports are down...

My boy works on a Utah railroad and reports that coal shipments down 50%. The only thing keeping them afloat is the chemicals, and, surprisingly copper ore.

17 posted on 05/12/2016 10:10:17 AM PDT by Oatka (Beware of an old man in a profession where men usually die young.)
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To: george76
Obama succeeding beyond his wildest dreams. Thank you GOPe. Damn fine job of being the opposing party in control of the House and the Senate!
18 posted on 05/12/2016 10:13:41 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: george76; central_va; dragnet2

[The economy has been collapsing since 2008.]

Tell me about it. It’s a freaking disaster.


19 posted on 05/12/2016 10:43:03 AM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: SaveFerris

The best boost to the economy will be psychological when the mini dark age ends and Trump is sworn in.


20 posted on 05/12/2016 10:47:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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