Printer Friendly

1993 A RECORD YEAR FOR NATION'S RAILROADS, AAR REPORTS

 WASHINGTON, Jan. 6 /PRNewswire/ -- Last year the nation's railroads set records both for total freight volume and intermodal traffic, the Association of American Railroads (AAR) reported today.
 "This was a remarkable year for railroads, especially in light of the challenges the industry faced -- the massive Midwestern floods, a lengthy coal strike, modest domestic economic growth and a recession in much of the rest of the world," said AAR President and CEO Edwin L. Harper.
 "With most economic signals pointing toward stronger growth this year and railroad quality programs continuing to advance, the records for both total freight handled and intermodal traffic could easily be shattered in 1994," Harper added.
 He said the industry moved a total volume of 1.097 trillion ton-miles of freight during 1993, 3.1 percent more than in 1992 and the seventh consecutive ton-mileage record. Intermodal volume totaled 7,150,457 trailers and containers. That was 7.9 percent more than the record set in 1992 and marked the 12th consecutive record for intermodal traffic. Carload freight, which does not include intermodal, totaled 16,865,640, 0.2 percent more than in 1992.
 This was especially noticeable in the 7.9 percent gain in intermodal traffic, which came on the heels of a 7.4 percent gain in 1992, he said.
 Harper also cited three other categories where gains in rail market penetration seemed especially strong: motor vehicles (up 11.1 percent for the year); waste and scrap (up 13.3 percent); and metals and products (up 11.6 percent).
 For the week ending Jan. 1, 1994 -- the final week in the 1993 reporting year -- the AAR estimated total volume at 16.9 billion ton-miles, 3.0 percent more than in the comparable week last year. The AAR also said that intermodal volume was 104,445 trailers and containers, up 13.0 percent from the comparable 1992 week, and that carload freight totaled 261,211, 3.8 percent more than in 1992's final week, with loadings up 11.1 percent in the West but down 3.9 percent in the East.
 Railroads reporting to the AAR account for 94 percent of carload freight and 97 percent of rail intermodal volume.
 -0- 1/6/94
 /CONTACT: Carol Perkins of the Association of American Railroads, 202-639-2552/


CO: Association of American Railroads ST: District of Columbia IN: TRN SU:

DT-DC -- DC025 -- 9888 01/06/94 16:22 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1994
Words:399
Previous Article:TEAMSTERS: KMART DOCUMENTS ON SPYING ACTIVITIES ARE DOCTORED; WORKERS ASK COURT FOR CONTEMPT RULING AGAINST RETAIL GIANT
Next Article:1993 TRUCK SALES REACH AN ALL-TIME HIGH; CAR SALES RISE 3.7 PERCENT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters