Analysing Canadian National Railway’s Railcar Volumes in Week 16
Canada’s largest railroad, Canadian National Railway (CNI), recorded carload traffic growth in Week 16. The railroad’s railcar traffic excluding intermodal rose 2.9% YoY (year-over-year) to 64,400 units from ~62,900. In comparison, rival Canadian Pacific Railway (CP) registered a 3.8% carload loss in Week 16. Whereas CNI’s carload gains were in line with US railroads’, they contrasted with the losses reported by Canadian railroads in Week 16.