North American forest products railroad freight declines ahead of Canadian strike

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North American forest products railroad freight declines ahead of Canadian strike

November 25, 2019 - 13:51
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OAKLAND, CA, Nov. 25, 2019 (Fastmarkets RISI) -North American forest products rail freight was down 2.1% through 46 weeks of 2019 at 769,271 carloads, the Assn of American Railroads reported. In the latest week ending Nov. 16, freight was down 7.1% to 15,379 carloads.

The statistics are before a strike was launched against CN at midnight Nov. 19 by the Teamsters Canadian Rail Conference.

US forest products freight was down 5.1% in the latest week to 9,052 carloads and year-to-date was 4.4% lower at 452,350 carloads. Canada freight in the week was down 9.8% to 6,306 carloads and year-to-date was down 7.4% to 315,674 carloads. Mexico was down 25% and 4.4% respectively.

Among carriers, CN reported its pulp and paper shipments in the week of Nov. 16 were down 1.3% to 3,009 carloads and through 46 weeks were 4.8% lower to 136,388 carloads. Lumber/wood products were down 15.9% in the week to 2,449 carloads and year-to-date were 8.9% lower to 133,139 carloads.

CSX reported pulp and paper freight was down 5.7% in the week to 2,632 carloads, and year-to-date was up 0.3% to 134,996 carloads. Lumber/wood products in the week was off 0.7% to 1,079 carloads and year-to-date was 2.9% higher to 57,613 carloads.

Union Pacific showed pulp and paper freight in the week was up 10% to 1,640 carloads and year-to-date was down 7% to 74,397 carloads. Lumber/wood products was 3% lower in the week to 2,130 carloads and year-to-date was down 9% to 104,471 carloads.

BNSF reported pulp and paper freight was down 14.4% to 1,289 carloads and year-to-date was down 1.5% to 67,806 carloads. Lumber/wood products in the week was down 9.4% to 1,395 carloads and year-to-date was 6.5% lower to 74,064 carloads.