The Association of American Railroads (AAR) today reported that in February 2010, U.S. freight railroads saw a 1.5 percent decline in carloads compared with the same month last year and a decline of 15.6 percent compared with the same month in 2008.
According to the March AAR Rail Time Indicators Report, 14 of the 19 major commodity categories tracked by AAR saw higher carloads last month compared with the same month last year. Carloads of coal, the single highest volume commodity carried by rail, were down 9.9 percent in February 2010 over February 2009. Excluding coal, U.S. rail carloads in February 2010 were up 7.2 percent over February 2009.
Continue reading AAR Reports Monthly Carload Declines Slow in February 2010