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Freight Tonnage Off in July
OTTAWA - Sep 24/08 - SNS -- Freight handled by Canada's railway industry dropped 6.4% in July to 23.0 million metric tons (MT), according to Statistics Canada.
The drop in loadings was primarily attributable to a decline in non-intermodal loadings of wheat, coal, iron ore and concentrates, and forestry related products, such as lumber and newsprint.
Combined, these commodities helped push non-intermodal loadings down to 20.5 million MT, a decrease of 7.3% from last year's level.
Intermodal loadings, by contrast, rose 1.3% from July last year, to 2.5 million MT. Both containerized shipments and trailers loaded on flat cars saw increases.
Rail freight traffic coming from the United States increased 9.5% from July 2007 to 2.9 million MT.
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