Weekly Rail Traffic Data Supports Recovery (UNP, CSX)
September 02, 2010 3:03 PM
Each Thursday Railfax puts out its weekly summary of rail freight traffic. To access this data go to www.railfax.transmatch.com.
Total U.S. rail traffic for the week ended August 28, 2010 was up 10.5% year-over-year. Quarter-to-date total traffic was also up 10.5%, showing that the increased traffic has remained steady.
Union Pacific (NYSE: UNP) saw its traffic up 12.6% while CSX Corporation (NYSE: CSX) saw its traffic rise 10.2% from last year's levels.
Looking at individual commodity groups, metals were up 32.1% year-over-year while autos climbed 18.0%. Intermodal shipments, which involve the transport of freight using multiple modes of transportation, were up 18.6% year-over-year.
Shares of UNP are up 1.13% to $77.24 today while shares of CSX are up 1.60% to $52.78.
