Buy
Sell
Share Name Share Symbol Market Type
Canadian Pacific Railway Inc NYSE:CP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -9.45 -2.71% 339.26 348.82 339.26 347.35 366,392 01:00:00

North American Rail Traffic Rose 3% in Week Ended Jan. 9

13/01/2021 6:18pm

Dow Jones News


Canadian Pacific Railway (NYSE:CP)
Historical Stock Chart


From Dec 2020 to Jan 2021

Click Here for more Canadian Pacific Railway Charts.

By Colin Kellaher

 

North American rail traffic rose 3% last week, starting the new year on a positive note amid strong intermodal gains in the U.S. and Canada, data from the Association of American Railroads showed.

Carload volume fell 2.5% for the week ended Jan. 9 on 12 reporting U.S., Canadian and Mexican railroads, while intermodal traffic rose 8.3%, the trade group said Wednesday.

In the week ended Jan. 2, North American rail traffic rose 1.3%, wrapping up a year that saw an overall decline of 6.7%.

Analysts at Citi this week said railroad fundamentals "are probably as good as we've seen," and that they estimate volume could be up 8% this year.

The AAR said U.S. rail traffic rose 4.7% last week, with a 10.4% increase in the volume of intermodal containers and trailers more than offsetting a 1.6% decline in carloads.

Canadian rail traffic rose 1.3% last week amid a 3.3% decline in carloads and a 6.6% rise in intermodal volume.

Mexican rail traffic tumbled 13% last week, with carloads falling 10.7% and intermodal volume sliding 15.6%, the AAR said.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 13, 2021 13:03 ET (18:03 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Canadian Pacific Railway Chart

1 Year Canadian Pacific Railway Chart

1 Month Canadian Pacific Railway Chart

1 Month Canadian Pacific Railway Chart
ADVFN Advertorial
Your Recent History
NYSE
CP
Canadian P..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210123 06:13:25