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Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. rail traffic for the first nine months of 2017 was 3.6% higher than the same period last year, with gains in both intermodal freight units and carloads, according to the Association of American Railroads (AAR).
Total combined U.S. traffic for the first 39 weeks of 2017 was 20,539,212 carloads and intermodal units. U.S. carload traffic for the first nine months of 2017 was 10,106,660 carloads, up 3.8%, or 369,322 carloads, from the same period last year; and 10,432,552 intermodal units, up 3.5%, or 348,784 containers and trailers, from last year. Railroad freight traffic is often seen as an economic bellwether for the country.
In September, U.S. railroads originated 1,044,563 carloads, down 2.3% from September 2016, the AAR reported. Eight of the 20 carload commodity categories tracked by the AAR had gains, including crushed stone, sand & gravel, primary metal products and metallic ores. Carload declines were reported for grain, petroleum & petroleum products and motor vehicles & parts.
U.S. railroads also originated 1,080,444 intermodal containers and trailers in September, up 3.8% from the same month last year.
AAR Senior Vice President John Gray said in a press release that the last two weeks of September were the top two intermodal weeks in history for U.S. and Canadian railroads.
The Federal Highway Administration forecasts that demand for U.S. freight will rise 41% by 2040, according to the AAR. AAR Chief Executive Officer Edward Hamberger told the House Transportation and Infrastructure Rail Subcommittee last week that from 2012 to 2016, America's major freight railroads spent $135 billion on capital expenditures and infrastructure maintenance.
Industrial Info is tracking more than $6.5 billion in active U.S. rail-related projects. One of the larger projects by total investment value is CSX Corporation's (NASDAQ:CSX) (Jacksonville, Florida) planned $270 million Carolina Connector Intermodal Hub in Rocky Mount, North Carolina. The project includes construction a 550-acre intermodal rail terminal to become a major East Coast hub for containerized cargo. The facility would handle 270,000 container moves per year. The project is expected to kick off in mid-2018 and take slightly less than two years to complete. For more information, see Industrial Info's project report and January 19, 2017, article - CSX Earnings Down, Anticipates Stable 2017.
CSX is also in a joint venture with Canadian National Railway Company (CN) (NYSE:CNI) (Montreal, Quebec) on a proposed $85 million intermodal railroad terminal expansion in Memphis, Tennessee. Now in the justification phase, the project would expand the intermodal railyard to twice its current size on a 95-acre site, and more than triple the current annual container throughput of 140,000 twenty-foot equivalent units. Construction kickoff is slated for mid-2019, with completion in mid-2020. For more information, see Industrial Info's project report.
One intermodal rail-related project that is already under construction is CSX's $65 million intermodal terminal on the site of the former Pittsburgh and Lake Erie Railroad Yard in McKees Rocks and Stowe Township, Pennsylvania. The terminal will provide western Pennsylvania shippers direct intermodal access, helping to shift long-haul freight from highway to rail. Polivka International (Wedington, North Carolina) has partnered with Trumbull Corporation (Pittsburgh, Pennsylvania) to construct the terminal. Construction began in 2015, with completion expected in early 2018. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Total combined U.S. traffic for the first 39 weeks of 2017 was 20,539,212 carloads and intermodal units. U.S. carload traffic for the first nine months of 2017 was 10,106,660 carloads, up 3.8%, or 369,322 carloads, from the same period last year; and 10,432,552 intermodal units, up 3.5%, or 348,784 containers and trailers, from last year. Railroad freight traffic is often seen as an economic bellwether for the country.
In September, U.S. railroads originated 1,044,563 carloads, down 2.3% from September 2016, the AAR reported. Eight of the 20 carload commodity categories tracked by the AAR had gains, including crushed stone, sand & gravel, primary metal products and metallic ores. Carload declines were reported for grain, petroleum & petroleum products and motor vehicles & parts.
U.S. railroads also originated 1,080,444 intermodal containers and trailers in September, up 3.8% from the same month last year.
AAR Senior Vice President John Gray said in a press release that the last two weeks of September were the top two intermodal weeks in history for U.S. and Canadian railroads.
The Federal Highway Administration forecasts that demand for U.S. freight will rise 41% by 2040, according to the AAR. AAR Chief Executive Officer Edward Hamberger told the House Transportation and Infrastructure Rail Subcommittee last week that from 2012 to 2016, America's major freight railroads spent $135 billion on capital expenditures and infrastructure maintenance.
Industrial Info is tracking more than $6.5 billion in active U.S. rail-related projects. One of the larger projects by total investment value is CSX Corporation's (NASDAQ:CSX) (Jacksonville, Florida) planned $270 million Carolina Connector Intermodal Hub in Rocky Mount, North Carolina. The project includes construction a 550-acre intermodal rail terminal to become a major East Coast hub for containerized cargo. The facility would handle 270,000 container moves per year. The project is expected to kick off in mid-2018 and take slightly less than two years to complete. For more information, see Industrial Info's project report and January 19, 2017, article - CSX Earnings Down, Anticipates Stable 2017.
CSX is also in a joint venture with Canadian National Railway Company (CN) (NYSE:CNI) (Montreal, Quebec) on a proposed $85 million intermodal railroad terminal expansion in Memphis, Tennessee. Now in the justification phase, the project would expand the intermodal railyard to twice its current size on a 95-acre site, and more than triple the current annual container throughput of 140,000 twenty-foot equivalent units. Construction kickoff is slated for mid-2019, with completion in mid-2020. For more information, see Industrial Info's project report.
One intermodal rail-related project that is already under construction is CSX's $65 million intermodal terminal on the site of the former Pittsburgh and Lake Erie Railroad Yard in McKees Rocks and Stowe Township, Pennsylvania. The terminal will provide western Pennsylvania shippers direct intermodal access, helping to shift long-haul freight from highway to rail. Polivka International (Wedington, North Carolina) has partnered with Trumbull Corporation (Pittsburgh, Pennsylvania) to construct the terminal. Construction began in 2015, with completion expected in early 2018. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
