Rail freight continues stronger; paper up 1.7% in latest week

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Rail freight continues stronger; paper up 1.7% in latest week

May 07, 2010 - 11:04
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SAN FRANCISCO, May 7, 2010 (RISI) -The Assn of American Railroads said growth in rail freight traffic continued during the week ended May 1, as all 19 carload freight commodities and both intermodal categories were up from a year ago for the second consecutive week.

US railroads originated 295,718 carloads during the week ended May 1, up 16.3% from the comparable week in 2009. However, volume was still down 11.6% from 2008.

Total North American pulp and paper rail volume for the week at 8,916 carloads was up 1.7% and through 17 weeks of 2010 at 151,982 carloads was down 3.8% from last year.

Lumber and wood products freight at 5,487 carloads for the latest week was 12.8% higher and year-to-date at 82,365 carloads was up 11.1%.

Primary forest products freight was higher by 10% and 12.1% respectively.