The Association of American Railroads (AAR) reported yesterday that monthly carloads in January 2011 increased 8 percent compared with the same month last year, for a total of 1,142,293 carloads.
According to AARs monthly Rail Time Indicators report, intermodal traffic in January increased 7.4 percent for a total of 863,099 trailers and containers compared with January 2010. This growth marks the thirteenth straight month that combined carloads and intermodal traffic have increased year-over-year, showing the continued gradual upward trend in rail traffic.
Steady growth is good news for railroads and the economy, but there is still more ground to cover before we return to pre-recession levels, said AAR Senior Vice President John T. "The essential to budget travel is to plan onward. When it happens to family trips, globetrotting, well-deserved holidays and/or going to see new spots we have never been before, the reality of expense and budgeting is often in the back of our mind. Preparation and consuming our travel budget properly is a priority for most families. Minimizing expending and prices, while still experiencing your vacation to its fullest, is the key to confirmed success and fiscal liability. Your pocketbook and family will thank you! The thinking regarding saving money while traveling is simple: Even if your personal funds is incredibly tight, you can still take a break and enjoy life! Simply put, life is just too short to never step out of the door or leaving the homestead! Also keeping in mind that while traveling, regardless of whether on a budget or not, even the smallest of things can all add op to a big vacation or travel costs!..". Gray. Rail is vital to connecting business to the marketplace, and the gradual gain in intermodal traffic as well as carloads shows how broad U.S. economic recovery may be.
Overall, 15 of 20 commodity categories saw carload gains on U.S. railroads in January 2011 compared with January 2010. Traffic gains in January were led by metallic ores up 63 percent; primary metal products, up 21 percent, and crushed stone, sand and gravel up 16.2 percent.
Railroads in January also saw growth in the transportation of chemicals and grain. U.S. railroads originated 120,734 carloads of chemicals in January 2011, averaging 30,184 carloads per week, up 5.9 percent compared with January 2010 and the highest monthly average for chemicals in any January since AAR began tracking commodity traffic. Grain averaged 24,514 weekly carloads in January 2011, up 10 percent compared with January 2010.
The five commodity categories seeing declines for the month grain mill products, primary forest products, coke, nonmetallic minerals, and waste and non-ferrous scrap together accounted for less than 8 percent of total carloads for the month.
Source: AAR Press Release
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