OAKLAND, CA, Nov. 11, 2016 (RISI) -Major Class 1 railroads reported mostly lower pulp and paper freight in the week ending Nov. 5 and through 44 weeks of 2016. Lumber and wood products were mixed to positive, and two companies – Norfolk Southern and Genesee-Wyoming – reported mixed pulp and paper volumes and revenues in their third quarter and year-to-date financial results.
Canadian Nationalshowed pulp and paper freight was down 4.4% in the week ending Nov. 5 to 3,193 carloads and through 44 weeks was 6.7% lower to 140,305 carloads. Lumber and wood products were up 3.3% in the week to 3,258 carloads and year-to-date were 7.7% higher to 144,509 carloads.
CSXreported its pulp and paper freight in the week was 14.1% lower to 2,471 carloads and year-to-date was down 10.4% to 121,146 carloads. Lumber and wood products rose 2.7% in the week and were down 2.4% year-to-date to 50,698 carloads.
BNSFshowed pulp and paper volume in the week was down 11.9% to 1,186 carloads and year-to-date was 0.3% above 2015 to 60,534 carloads. Lumber/wood was 12.6% lower in the week and 0.6% higher year-to-date to 70,754 carloads.
Union Pacificreported pulp and paper freight in the week was 7% lower to 1,731 carloads and year-to-date was down 7% to 74,143 carloads. Lumber/wood was down 1% in the week and unchanged year-to-date to 101,213 carloads.
In its third quarter financial review,Norfolk Southernshowed its paper/clay/forest volume was up 2% in the period to 79,400 tons and for nine months was basically flat at 227,800 tons. Segment revenues were 3.4% higher in the quarter to $210 million and year-to-date were up 2.5% to $599 million. Revenue per unit was 1.6% higher in the quarter to $2,636 and year-to-date was 2.5% higher at $2,628.
Genesee & Wyomingreported its third quarter pulp and paper volume was down 7.8% to 41,721 carloads and through nine months was 7% lower to 124,017 carloads. The company cited truck competition and plant consolidation after a merger for the decline. Pulp and paper revenues in the quarter were down 8.3% to $26.9 million and year-to-date were 7.7% lower to $79.1 million. Revenues per carload in the quarter were off 0.4% to $645 and year-to-date were 0.7% lower to $638.
G&W’s lumber/forest products freight in the quarter was up 1.3% to 35,253 carloads and year-to-date was 2.2% higher to 104,646 carloads. Revenues in the quarter rose 5.7% to $21.3 million and year-to-date were 4.8% higher to $63 million. Revenue per carload in the quarter rose 4.1% to $604 and through nine months was 2.3% higher from 2015 to $602.
For October, G&W reported pulp and paper freight was 10.5% lower to 12,643 carloads with decreased shipments in the company’s southern, northeast and Canada regions. Lumber/wood volume was down 6.5% to 11,468 carloads.
TheAmerican Assn of Railroadsshowed North American forest products segment traffic in the week ending Nov. 5 was down 4.8% to 17,196 carloads and year-to-date was 4.1% lower to 790,320 carloads. In the week, US forest products was down 6.6%, Canada was down 2% and Mexico was 67.3% lower. For year-to-date, US volume was 8% lower, Canada was 1.7% higher, and Mexico was down 44.1%.