Intermodal traffic declines, behind auto sector holiday
by January 17, 2014 12:30 pm 122 views
U.S. rail intermodal traffic declined 8.2% in the week ended Jan. 11 compared with the same week last year, the Association of American Railroads reported.
Railroads moved about 236,000 intermodal trailers and containers AAR said in its weekly reported.
Railroad carloads excluding intermodal declined 8.2% year-over-year to almost 257,000 units, AAR said in its weekly report.
Just two of 10 commodity groups showed increases — grain, which gained 10.1%, and petroleum products, up 5.5%.
Motor vehicles and parts had the biggest drop, posting a 22.5% decline.
Several local trucking company's like J.B. Hunt continue to expand their intermodal business units. Hunt is the first to report earnings on Jan. 23.