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Sunday, December 03, 2006

Railway Carloadings Drop

Canadian railways (CR) carried less tonnage in September than they did in August as loadings of several commodities declined, according to Statistics Canada records.

Railways loaded a total of 24.0 million metric tonnes of freight, down 4.4% from August 2006.

Loadings of wood by-products, chemicals and chemical by-products all fell as a result of several mill closures in these two industrial sectors.

The non-intermodal portion of goods totalled 21.7 million tonnes, down 4.5% from August 2006. Weaker loadings of iron ore were offset by strong loadings of grains as the harvest season produced a good yield.

Railways loaded 2.4 million tonnes of intermodal, or containerized, freight, down 2.5% from August.

Traffic received from the United States increased for the fourth consecutive month, setting an all-time high for September of 2.4 million tonnes.

On a year-over-year basis, non-intermodal tonnage in September was up 0.7% from the same month last year. Containerized freight in September was 0.9% higher, while traffic received from the United States jumped 14.9%.

Despite September's slowdown, loadings for the third quarter amounted to 73.0 million tonnes, the highest ever for a third quarter.

Intermodal (containerized) loadings between July and September hit nearly 7.1 million tonnes, up 2.4% from the same three months last year. Non-intermodal freight rose 1.7% to 65.9 million tonnes.

Third-quarter loadings rose 0.9% over the second quarter. Historically, loadings in the third quarter have been less than in the second quarter.

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