Railcar loadings accelerated their recovery in September. Total U.S. railcar loads were down just -2.9% in September 2020 from September 2019, excluding coal. Intermodal average weekly loadings were 284,777 units. Up 7.1% over September 2019, and the 4th highest single month on record. Given the circumstances, this was a very positive month for rail car loadings.
July total U.S. Rail car loadings saw a decline of -17.6% over July 2019. Still well off 2019 levels, rail car loadings have continued to make month over month recovery gains from the lows of April and May. Excluding coal U.S. loadings were down only -12.7%, and Inter-modal loadings have almost returned to pre Covid-19 levels.
June total U.S. Rail car loadings saw a decline of 22.4% over June 2019. While a terrible mark in any other circumstances, this marks a small rebound from the 25.2% April decline and 27.7% May decline. As U.S. economies continue reopening, industries are hopeful May will mark the lows.