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Modest Drop in Canadian Rail Freight
OTTAWA - Mar 21/06 - SNS -- Canadian railroad freight volumes managed only a modest decline in January, instead of the traditional drop off, according to the latest data available from Statistics Canada.
In total, railways loaded 23.3 million metric tons (MT) of freight in January, down only 1.3% from the previous month. It was the smallest decline from December to January in the last three years.
Business has been picking up for railways in January. In fact, on a year-over-year basis, tonnage increased at its fastest pace in three years this January.
Loadings this year were 6.1% higher than they were in January 2005, well above the year-over-year pace measured during the previous two years.
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