Ken James/Bloomberg News
The weekly average intermodal rail volume for November rose to the highest level on record, the Association of American Railroads reported.
Intermodal volume reached a weekly average of 251,887 units in November, and total intermodal traffic rose 7.8% to 1 million for the month, AAR said in its weekly report.
“Rail intermodal volume was extremely strong in November, demonstrating the tremendous value that intermodal has become for rail customers,” AAR Senior Vice President John Gray said in a statement.
“Carload traffic continues to be consistent with an economy that’s growing at a moderate pace,” he said.
Eleven of the 20 categories tracked by AAR posted increases in November from the prior year, led by grain which rose 20.6%.