Log in to your IBTimes Account

close
ID
Password

Weekly US rail shipments rise 3.3 percent



By AP
17 July 2008 @ 03:56 pm EST

WASHINGTON - Shipments carried by U.S. railroads rose 3.3 percent last week compared with a year earlier, a major industry trade group reported Thursday.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
UNP 72.47 -3.26
BNI 96.64 -3.47
CSX 54.98 -3
NSC 63.85 -2.76
KSU 44.93 -1.67
CP 56.81 -0.98
CNI 48.78 -1.78

SYMBOL LOOKUP

The Association of American Railroads said freight carried on the tracks for the week ended July 12 totaled 321,049 carloads.

Volume jumped 6.4 percent in the West, where cargo is primarily carried by Union Pacific Corp. and Burlington Northern Santa Fe Corp. Volumes fell 1.2 percent in the East, where freight is mostly hauled by CSX Corp. and Norfolk Southern Corp.

Intermodal volume 2.8 percent from a year ago. Intermodal involves moving freight from one method of transportation to another, such as truck to rail.

Eleven of 19 carload commodities posted gains from a year earlier. Carloads of metallic ores surged 22.4 percent, grain shipments rose 6.3 percent and coal cars increased 3.9 percent. Among commodities reporting declines were forest products, which fell 19.9 percent, lumber and wood products, which fell 16.4 percent and nonmetallic minerals, which slipped 4.1 percent.

So far this year, shipments on U.S. rails are 0.4 percent compared with the same period in 2007.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Daimler AG said Friday its Mercedes-Benz car division's sales in August fell by 12 percent compared to the same month a year ago, dragged down by falteri...
Oil prices sank below $106 a barrel Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring back their energy...
Allegiant Air LLC said Friday its traffic grew in August as the regional carrier expanded capacity and improved occupancy. For scheduled service, the air...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives