In line with Statistics Canada, Canadian railways carried 32.1 million tons of freight in Might, up 8.7 % from Might 2021 ranges and ending the string of eight straight year-over-year month-to-month decreases in tonnage. Larger shipments of iron ores and a few power merchandise greater than offset a continued slide in agricultural and meals merchandise.
The general visitors quantity was additionally the very best degree for Might since 2019, earlier than the COVID-19 pandemic, and it exceeded the five-year common of 31.3 million tons for the month.
The rail visitors development in Might was the results of larger volumes throughout all kinds of rail operations: non-intermodal loadings (primarily commodities) and intermodal loadings (primarily containers), in addition to freight visitors from connections with American railways.
After posting year-over-year decreases for eight months, non-intermodal rail freight grew 7.2 % to 24.6 million tons in Might. Main the way in which was iron ores and concentrates, with loadings rising 83.1 % (+2,414,000 million tons) from the identical month in 2021. Though demand for iron ores has been rising in current months, this sharp improve in Might mirrored a brief shutdown of manufacturing at a Quebec-Labrador mine in Might 2021, on account of a labor dispute.
Loadings of many power merchandise continued to exhibit sturdy development, with the continued restoration of financial exercise sparking an increase in gasoline consumption and industrial manufacturing. For instance, loadings of coal―pushed by sturdy demand in Asia―rose for the fourth consecutive month, up 15.5 % (+476,000 tons) from Might 2021. Sharply rising fuel costs and constraints on European power provides ensuing from the warfare in Ukraine are additionally rising demand for coal.
Comparable tendencies had been noticed in Canadian worldwide merchandise commerce, with larger costs serving to exports of power merchandise to succeed in 29.8 % of whole exports, an all-time excessive in Might.
Home rail intermodal shipments (primarily containers) elevated for the second consecutive month, edging up by 0.9 % yr over yr in Might to three.4 million tons. This was the very best month-to-month quantity on document for the month of Might.
Might development displays continued sturdy demand for shopper items. In line with Might 2022 information on Canadian worldwide merchandise commerce, Canada’s exports (+20.9 %) and imports (+11.9 %) of shopper items noticed year-over-year will increase.
In Might, freight visitors from america continued to develop for the fifteenth straight month, rising 27.0 % yr over yr to 4.1 million tons. This was the very best visitors degree ever recorded for the month of Might.