Canada drives North American forest products rail volume higher in latest week

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Canada drives North American forest products rail volume higher in latest week

March 05, 2015 - 09:43
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OAKLAND, CA, March 5, 2015 (RISI) -North America forest products railroad freight was up 1.1% in the latest week ending Feb. 28 to 18,402 carloads, the Assn of American Railroads reported. Rail volume through eight weeks at 150,300 carloads was 4.3% higher than in 2014.

US forest products freight in the week was down 5.7%, Canada was up 13.6% and Mexico dropped 50.9%. Through two months of 2015, US freight was up 2.1% to 89,435 carloads, Canada was 8% higher to 60,484 carloads, and Mexico was 27.7% lower to 381 carloads, AAR showed.

Total North American carload traffic in the week was 3.9% lower and year-to-date was up 3.3%.

"The problems at West Coast ports clearly had an impact on rail traffic in February. Bad weather in the East and Midwest didn't help," AAR commented. "It's not possible to quantify the impact of these factors precisely. However, economic fundamentals remain mostly positive, so railroads are expecting significant traffic improvements in March."