Buy
Sell
Share Name Share Symbol Market Type
Canadian National Railway Company TSX:CNR Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.94 -1.35% 141.30 141.29 141.36 144.63 140.94 144.63 2,471,878 21:10:29

North American Rail Traffic Fell 3.4% in Week Ended Oct. 23

27/10/2021 9:54pm

Dow Jones News


Canadian National Railway (TSX:CNR)
Historical Stock Chart


From May 2021 to May 2022

Click Here for more Canadian National Railway Charts.

By Colin Kellaher

 

North American rail traffic fell 3.4% last week as railroads continue to grapple with supply-chain issues, data from the Association of American Railroads showed.

Carload volume rose 2.4% for the week ended Oct. 23 on 12 reporting U.S., Canadian and Mexican railroads, while intermodal traffic fell 8.3%, the trade group said Wednesday.

The chief executives of CSX Corp. and Union Pacific Corp. last week said a lack of truck drivers, equipment and warehouse workers are causing congestion in their yards, forcing them to turn down some business during a time of high demand for shipping companies.

In the week ended Oct. 16, North American rail traffic fell 5.1%. For the first 42 weeks of the year, North American rail traffic is up 6.9%, compared with a year-to-date gain of 7.2% reported a week earlier.

The AAR said U.S. traffic fell 2.3% last week, with an 8% drop in the volume of intermodal containers and trailers more than offsetting a 5.1% rise in carloads. U.S. rail traffic is up 8% for the first 42 weeks of the year.

Canadian rail traffic fell 6.5% last week amid a, 11.1% slide in intermodal units and a 2% decline in carloads. Canadian rail traffic is up 4.1% for the first 42 weeks of the year.

Mexican rail traffic fell 6.4% last week, with carloads down 10.2% and intermodal units off 1.3%. Mexican rail traffic is up 3.6% for the year to date, the AAR said.

 

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

 

(END) Dow Jones Newswires

October 27, 2021 16:39 ET (20:39 GMT)

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

1 Year Canadian National Railway Chart

1 Year Canadian National Railway Chart

1 Month Canadian National Railway Chart

1 Month Canadian National Railway Chart
ADVFN Advertorial
Your Recent History
TSX
CNR
Canadian N..
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:20220525 05:01:10