North American Rail Traffic Fell 16.5% in Week Ended May 30

North American rail traffic fell 16.5% last week, marking the smallest weekly decline in nearly two months, as the economy shows signs of slowly recovering from the coronavirus pandemic, data from the Association of American Railroads showed.

Carload volume slid 22.8% for the week ended May 30 on 12 reporting U.S., Canadian and Mexican railroads, while intermodal traffic fell 9.9% for the week, the trade group said Wednesday.

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