Congestion and Service Delays Continues to Plague Railways

The Association of American Railroads reported 305,389 carloads for the week ending Nov 1, 2014, up 4.3 percent year over. Intermodal volume increased 5.9 percent y/y to 279,819 units for the highest volume ever.

“America’s railroads are moving an enormous amount of freight today,” said AAR Senior Vice President John T. Gray. “In the first 10 months of 2014, total U.S. carload plus intermodal volume was 24.3 million units, which is over one million units more than in the first 10 months of 2013 and the highest year-to-date total since 2007.”