Canadian Pacific’s Rail Traffic Growth Momentum Continued

In week 47, Canadian Pacific Railway (CP) reported 3.5% YoY total traffic volume growth. The company moved 54,247 railcars—compared to 52,433 units in week 47 of 2017. The company was fifth in terms of the traffic volume growth in week 47 among all of the Class I railroads. Canadian National Railway (CNI) had the highest rail traffic gains during the week. Union Pacific (UNP) and Norfolk Southern (NSC) were second and third with 5.9% and 4.4% gains, respectively.