
US railroads set an intermodal traffic record in October, with volume up 9.6% year over year and an average of more than 298,000 containers and trailers per week. Total carloads rose 3.4%, their strongest gain in eight months, and 15 of 20 carload categories posted increases.
The Association of American Railroads said the breadth of growth points to underlying industrial strength.
Strong rail volumes point to resilient US demand for freight, with no direct new shock to grain or feed supply. Rail capacity is running well, so it is unlikely to move feed ingredient prices on its own.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.