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by Calculated Danger on 11/09/2025 08:21:00 AM
From the Affiliation of American Railroads (AAR) AAR Knowledge Middle. Graph and excerpts reprinted with permission.
In October 2025, whole U.S. rail carloads have been down a
fraction (-0.03%) from October 2024, and 11 of the
20 main rail carload classes posted year-over-
yr declines. …U.S. rail intermodal shipments fell 3.0% in October 2025 from October 2024—the third year-over-year decline
previously 5 months for intermodal and the steepest proportion drop since August 2023. Traditionally,
October is without doubt one of the strongest months for intermodal visitors: within the 25 years from 2000 to 2024, it was among the many prime three months for common weekly intermodal
quantity in 20 of these years. It received’t be this yr:
October’s weekly common of 273,747 items has already
been surpassed by 4 different months.
emphasis added
The AAR Freight Rail Index
(FRI) measures seasonally adjusted month-to-month
rail intermodal shipments plus carloads excluding coal
and grain. As such, it’s a helpful gauge of underlying
freight demand tied to industrial manufacturing and
shopper items flows. The index fell 1.4% in October
2025 from September 2025, its sixth decline within the
previous seven months. The index is 1.5% beneath its stage
from a yr earlier.
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