Deutsche Bank-Early Morning Haul Rail carloads, Truck rates, Diesel-106367028

DeutscheBankIndustryDateResearch6February2024EarlyMorningHaulNorthAmericaIndustryUpdateCanadaUnitedStatesIndustrialsAirFreight&LogisticsRailcarloads,Truckrates,DieselRailcarloads-TheClass1Railsreportedlastweek'svolumesyesterday.Ingeneral,AmitMehrotrathenumberslookedalotbetterfollowingtheweather-inducedweaknessinResearchAnalystJanuary.NSCvolumeswereup2%sequentiallyandup9%yearoveryear-tojust+1-212-250-2076over138,000.CSXwasup5%sequentiallyandup11%yearoveryear;UNPwasup8%sequentiallyandup6%yearoveryear(160,000).CNIwasup5%sequentiallyBenMohrandup3%yearoveryearandCPwasup7%bothsequentiallyandyearoveryear.ResearchAnalystWeneedtoseemoreprogresstoclimboutoftheholethatwascreatedinJanuary,+1-212-250-1708butit'sencouragingtoseethisrecoveryandweexpectmoreprogressasweheadtowardsthestartofseasonalstrengthinMarchandbeyond.ChrisRobertsonResearchAnalyst+1-212-250-9995Truckrates-Thedryvanmarketdemandindexwasdown19%sequentiallylastweekfollowinga6%downtickthepriorweek,asreportedbyFTRTruckstopyesterday.ThisdeclinewaslikelyduetocapacityfreeingupaftertheincrementJanuaryweather.Theindexisstillup12%fromtheendoflastyear,up7%yearoveryear,andup44%fromlastyear'sloweststretchfrommid-Apriltomid-May.Ratesarestillsoft,withthedryvanspotratedown2%lastweekanddown4%fromtheendoflastyear.Diesel-Thenationalpriceofdieselaveraged$3.90lastweek,up3cseque...