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With high inventory levels, US railroad freight activity has barely budged from the bottom

Source: https://www.aar.org/news/weekly-rail-traffic-for-the-week-ending-may-16-2020/

Data Synopsis:

  • North American rail traffic is down 20.9% YoY
  • US autos & parts rail traffic is down 83.3% YoY
  • US rail traffic is stabilizing while Mexico and Canada are worsening

Dig Deeper:

According to data provided by the Association of American Railroads (AAR), total carloads and intermodal traffic in the United States is down 22.0% YoY for the week ending May 16. This represents only a marginal improvement from the 23.3% YoY decline for the week ending April 18, the low point for the year. Looking exclusively at carloads, traffic continues to worsen as the week ending May 16 showed a 30.2% YoY decline vs a 27.5% decline for the week ending April 18. This most recent YoY reading represents the worst decline since 1988, the year AAR data begin.

The transportation of motor vehicles and parts experienced the worst decline. As of the week ending May 16, carloads are still down 83.3% YoY. Aside from coal which is down 44.0% YoY, motor vehicles and parts were the largest contributors to the total decline in railroad traffic in the US. However, an improvement is anticipated as vehicle sales have seen six straight weeks of increases and auto sales are once again allowed in all 50 states. As would have been expected, out of all categories, grain transportation experienced the lowest decline, 10.4% YoY.

Contrary to the US, Canada and Mexico, our second and third largest trading partners, respectively, are experiencing a continuing decline in carloads and intermodal traffic. In Canada, the week ending May 16 showed a 15.7% YoY decline vs a 10.9% decline for the week ending April 18. In Mexico, the week ending May 16 showed a 27.1% YoY decline vs a 10.2% decline for the week ending April 18. As a whole, North American rail traffic is down 20.9% YoY.

To learn more about the data behind this article and what Association of American Railroads has to offer, visit https://www.aar.org/.

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Placer.ai provides retailers with actionable location-based insights into their audience and competition. With unprecedented visibility into humanity-in-action, every retailer can be brilliant at running their business.

Retailers make critical decisions every day whilst in the dark. They do not have answers to seemingly simple questions: Who visits my store? Where do they live, or work? What other locations do they frequent? What’s my churn rate? Where do those lost customers go? What are my competitors up to? And ultimately, how should I deploy my limited resources to grow my business?

Placer.ai provides instant access to location insights derived from the foot traffic of millions of consumers, delivering visibility into offline behavior. We shed light into churn, trade areas, untapped audiences, out-of-store behavior, and competitive benchmarking.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Placer

Placer.ai provides retailers with actionable location-based insights into their audience and competition. With unprecedented visibility into humanity-in-action, every retailer can be brilliant at running their business.

Retailers make critical decisions every day whilst in the dark. They do not have answers to seemingly simple questions: Who visits my store? Where do they live, or work? What other locations do they frequent? What’s my churn rate? Where do those lost customers go? What are my competitors up to? And ultimately, how should I deploy my limited resources to grow my business?

Placer.ai provides instant access to location insights derived from the foot traffic of millions of consumers, delivering visibility into offline behavior. We shed light into churn, trade areas, untapped audiences, out-of-store behavior, and competitive benchmarking.