Report: Year-over-year December rail-carload traffic down 15.6 percent
In December, U.S. rail traffic totaled 1,219,443 carloads, a 15.6 percent drop from December 2014.
Also in December, U.S. railroads handled 1,179,907 trailers and containers, down 0.7 percent compared with December 2014.
U.S. intermodal and carload originations in December 2015 totaled 2,399,350, down 8.9 percent compared with December 2014.
Four out of 20 carload commodity categories showed increases in December 2015: motor vehicles and parts (up 5.2 percent), waste and scrap (up 3.3 percent), chemicals (up 0.7 percent) and miscellaneous carloads (up 46.6 percent).
The remaining commodities showed decreases in year-over-year December totals, including petroleum and related products (down 20.5 percent), metallic ores (down 39.1 percent) and coal (down 27.9 percent).
"Weaknesses in energy and manufacturing, as well as world economic softening, had a negative impact on both carload and intermodal traffic in 2015," John Gray, AAR senior vice president of policy and economics, said. "Railroads can't do much about the macroeconomic environment, but what they have done and are doing is making sure they operate safely and efficiently to maximize their customers' opportunities to grow their own business. The nation's railroads are well-positioned to serve their customers in 2016.”