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The Interchange Weekly · Fast Freight Facts

Week of September 28, 2026

U.S. rail traffic rose 4.8% in a holiday-neutral week. Inside: higher grain tariffs and diesel prices, transload expansion, terminal switching changes, rail transactions, and UP–NS updates.

This Week in Brief

No holiday affects this week's year-over-year figures. No federal holiday falls in AAR Week 38 of 2026 (September 20–26) or in the 2025 week it is compared with (September 21–27, 2025). Labor Day fell on September 7, 2026 and September 1, 2025, outside both weeks, so the year-over-year and week-over-week figures can be taken as published.

  • AAR Week 38, ended September 26, 2026: U.S. rail traffic totaled 537,397 carloads and intermodal units, up 4.8% year over year: 235,787 carloads (+3.0%) and 301,610 containers and trailers (+6.3%). It was the second straight weekly year-over-year gain. (AJOT; Progressive Railroading)
  • Volume was flat against the prior week. Compared with Week 37, carloads rose 1,580 (+0.7%) and intermodal rose 154 (+0.1%). Year to date, combined traffic is 19,458,578 units, up 3.5%.
  • Metallic ores and metals led the named commodity groups at 22,820 carloads, up 9.5%. Chemicals posted the largest gain in cars, up 2,261 to 33,843 (+7.2%), and coal the largest decline, down 1,236 to 58,280 (−2.1%). (FreightWaves)
  • Grain rail tariffs rose October 1. BNSF added $200 a car on corn to Pacific Northwest export terminals and Union Pacific added $225 a car on corn, both from all origins. The average rail fuel surcharge rose 11 cents to $0.59 a mile. (USDA AMS)
  • Retail diesel reached $6.50 a gallon on September 25, up from $5.61 a month earlier, with U.S. distillate inventories 14% below the five-year average. (Al Jazeera; OilPrice)
  • Alameda Belt Line filed to replace Pacific Harbor Line as terminal switching carrier for the Ports of Los Angeles and Long Beach, over about 18 miles in five segments (STB FD 36946). The exemption takes effect October 16. (Federal Register)
  • FTAI's Jefferson Energy agreed to buy USD Group's crude-by-rail assets for about $255 million, including the Port Arthur, Texas rail-receipt terminal and a 50% stake in the Hardisty, Alberta diluent recovery unit. (Offshore Technology)
  • Three freight rail facility additions. CN opened a second Battle Lumber transload at Fond du Lac, Wisconsin; a grain transload opened at Seagirt in the Port of Baltimore; and OmniTRAX launched its OmniTRAX Connect transload platform. (Railway Age; RailPrime)

The Numbers

U.S. Headline

AAR U.S. rail traffic, Week 38, ended September 26, 2026
MeasureWeek 38 (Sep 26)Week 37 (Sep 19)WoWWoW %YoY as publishedYTD, 38 weeksYTD YoY
Carloads235,787234,207+1,580+0.7%+3.0%8,679,882+2.7%
Intermodal units301,610301,456+154+0.1%+6.3%10,778,696+4.1%
Total traffic537,397535,663+1,734+0.3%+4.8%19,458,578+3.5%

Week-over-week columns are calculated from the two published AAR weekly releases. Year-over-year and year-to-date percentages are as published.

North America

AAR, nine reporting railroads, week ended September 26, 2026
RegionCarloadsYoYIntermodalYoYCombinedYTD combinedYTD YoY
United States235,787+3.0%301,610+6.3%537,39719,458,578+3.5%
Canada94,930+0.9%73,719+1.8%168,6496,252,353+1.4%
Mexico13,287−16.8%14,277+3.5%27,564967,280+6.9%
North America344,004+1.5%389,606+5.3%733,61026,678,211+3.1%

Canada and Mexico combined figures are the sum of their two published components; AAR publishes no weekly combined percentage for either country. North American combined traffic rose 3.5% year over year.

Commodity Groups, Ranked by Year-over-Year Change

AAR U.S. carloads by commodity group, Week 38
Commodity groupWeek 38 carsCars vs PYYoYShare
Metallic ores and metals22,820+1,988+9.5%9.7%
Chemicals33,843+2,261+7.2%14.4%
Nonmetallic minerals34,021+1,202+3.7%14.4%
Motor vehicles and parts16,891−315−1.8%7.2%
Coal58,280−1,236−2.1%24.7%
Farm products excluding grain, and food16,614−569−3.3%7.0%
Grain, forest products, petroleum and other (combined)53,318——22.6%
Total carloads235,787—+3.0%100.0%

Note: Published summaries broke out six of AAR's ten commodity groups, so grain, forest products, petroleum and petroleum products, and other are shown combined. Petroleum and petroleum products was reported up 9.4%.

By Railroad

STB Part 1250 total weekly volume by carrier, week ended September 26, 2026
CarrierBNSFUPNSCSXCN (U.S.)CPKC (U.S.)
Part 1250 cars, including containers and trailers204,594181,491145,862136,31245,90229,425

Basis note. Part 1250 "carloads" include containers and trailers, so they cannot be compared with a carrier's own carload count, and the carriers are not summed because interchange traffic would be counted twice. CN and CPKC report only U.S. operations to the STB. On its own system-wide AAR basis, CN reported 107,454 carloads for the week ended September 26, down 2.2%, and 4,764 million revenue ton-miles, also down 2.2%.

Freight Rail Commodities by Railroad

STB Part 1250 originated cars, week ended September 26, 2026
Commodity (originated)BNSFUPNSCSXCN (U.S.)CPKC (U.S.)
Containers103,55972,11865,19051,920n/pn/p
Coal22,42714,0479,33711,763n/pn/p
Chemicals6,48118,615n/p5,287n/pn/p
Grain13,1676,445n/pn/pn/p4,595

Originated cars only; do not sum. "n/p" means not published, not zero. CN and CPKC figures are U.S. operations only. For grain, USDA reported 27,730 all-carrier carloads originated in the week ended September 19, unchanged year over year, with the four-week total up 12% from a year ago and 24% above the three-year average. Source: USDA AgTransport, STB Part 1250 data.

Service Metrics

STB EP 724 weekly service metrics, week ended Wednesday, September 30, 2026
CarrierTrain speed (mph)Prior weekTerminal dwell (hrs)Prior week
BNSF24.925.121.6not published
CSX24.6124.2020.3220.05
Union Pacific24.324.719.819.5
CN (U.S.)23.4123.11not published—
Norfolk Southern21.021.323.522.8
CPKC21.020.723.5about 22.4

Train speed slipped at BNSF, UP and NS and rose at CSX, CN and CPKC. Dwell lengthened at all four carriers that reported a prior week. The STB week ends Wednesday, so these figures do not line up with the AAR week. On their own definitions, for the week ended September 25, UP reported freight car velocity of 231 miles a day, 19.8 hours terminal dwell and 171,317 cars in operating inventory; NS reported 21.0 mph, 23.5 hours dwell and 163,836 cars on line; CSX reported 19.2 mph, 9.9 hours dwell and 124,394 cars on line; and CN reported 218 car miles a day (+2%), 19.6 mph (+3%) and 6.8 hours through dwell (−2%). Sources: STB EP 724; IndexBox; UP; NS; CSX; CN.

STB EP 724 train speed by train type (mph), same week
CarrierIntermodalManifestGrain unitCoal unitEthanol unit
BNSF30.222.324.022.722.7
CSX30.5522.7121.0722.2824.20
Union Pacific31.021.722.525.821.0
CN (U.S.)25.6922.8122.8221.1724.31
Norfolk Southern26.018.219.019.322.1
CPKC27.620.018.718.723.7
The Read

Traffic rose 4.8% from a year ago with no holiday in either week, but barely moved from the week before. Combined volume was up 0.3%, and intermodal added 154 units to 301,610. Intermodal has now held near 301,500 for two weeks, a sign that volume has leveled off at a high level. Through 38 weeks, combined traffic is up 3.5%.

Industrial carloads carried the week. Metallic ores and metals (+9.5%), petroleum and petroleum products (+9.4%) and chemicals (+7.2%) were the three strongest named groups, and chemicals added the most cars. AISI put raw steel output for the same week at 1,845,000 net tons and 80.5% utilization, with the Southern district producing 840,000 tons, 46% of the total. UP originated 18,615 chemical cars, 2.9 times BNSF's 6,481.

Service fell into two groups. BNSF, CSX and UP ran 24.3 to 24.9 mph on the STB measure. NS and CPKC ran 21.0 mph and both posted 23.5 hours of dwell, against 19.8 at UP and 20.32 at CSX. Longer dwell ties up terminal track and cars just as volume builds. UP's ethanol trains averaged 21.0 mph, the slowest ethanol speed among the six Class I railroads.

Commodity Watch

Grain and Agriculture

Rail tariffs rose October 1 for the 2026/27 marketing year. BNSF added $200 a car on corn to Pacific Northwest export terminals and UP added $225 a car on corn, both from all origins. The average fuel surcharge rose to $0.59 a mile from $0.48. In the secondary railcar market for the week ended September 24, October shuttle bids averaged $700 a car over tariff. USDA quoted November non-shuttle at $150 a car over tariff for both BNSF and UP; IndexBox put October non-shuttle at $40. (USDA AMS, October 1; IndexBox)

USDA's Crop Progress report for the week ended September 27 put the corn harvest at 18% complete and soybeans at 17%, both matching the five-year average. Corn was rated 57% good to excellent against 66% a year ago, and soybeans 58% against 62%. Winter wheat was 27% planted against a 34% average. (DTN, September 28) September 1 stocks were 2,095 million bushels of corn (+35%), 315 million of soybeans (−3%) and 1,846 million of wheat (−14%). All-wheat production was estimated at 1,534 million bushels, down from 1,985 million, on a yield of 48.1 bushels an acre and 31.9 million harvested acres. (DTN, September 30)

In the week ended September 18, carriers reported 1,033 loaded grain cars delayed more than 48 hours and 2,582 unfilled manifest orders. Barge movements for the week ended September 26 were 394,130 tons, and 951 grain barges were unloaded at New Orleans, up 19%. Gulf vessel loadings totaled 29, down 17% from a year ago, and ocean freight from the PNW to Japan held at $37.00 a metric ton. Grain inspected for export in the week ended September 24 was 3.1 million metric tons, 1.7 million of it from the Mississippi Gulf. Net soybean export sales were about 1.03 million metric tons, including about 589,000 tons to China, bringing Chinese commitments to about 10.76 million tons. (USDA AMS; IndexBox) CPKC's winter plan commits grain capacity of up to 700,000 metric tons a week while Thunder Bay is open and 540,000 tons a week during the winter closure. (Railway Age)

By Carrier

BNSF and UP both raised corn tariffs effective October 1, the largest carrier rate action of the week in any commodity. In Part 1250 originated grain, BNSF led at 13,167 cars, followed by UP at 6,445 and CPKC at 4,595 (U.S. operations only). Grain unit-train speeds ranged from 24.0 mph at BNSF to 18.7 mph at CPKC, with CN at 22.82, UP 22.5, CSX 21.07 and NS 19.0. USDA's November non-shuttle quote of $150 a car was the same for BNSF and UP.

The Read

The harvest is on its five-year pace. Condition ratings are nine points below last year for corn and four for soybeans, and corn stocks are up 35%, so a large crop of somewhat lower quality is moving on a normal schedule. The October 1 tariff increases and the higher fuel surcharge add cost as the export season opens, and October shuttles are already bidding $700 a car over tariff. Shuttle supply is likely to set the pace of PNW corn shipments this fall.

Metals, Steel and Scrap

AISI reported U.S. raw steel production of 1,845,000 net tons at 80.5% capability utilization for the week ended September 26, up 3.4% from 1,785,000 tons at 77.9% the prior week and up 3.9% from 1,775,000 tons a year earlier. By region, in thousands of net tons: North East 130, Great Lakes 537, Midwest 276, Southern 840, Western 62. Year to date, 70,166,000 net tons at 79.1% utilization, up 5.3%. (AISI; SteelOrbis)

Nucor raised its hot-rolled coil spot price $10 to $1,220 a short ton on September 28, with California Steel Industries at $1,280, ahead of fourth-quarter contract talks. (SMM) Stelco, owned by Cleveland-Cliffs, will idle its cold-rolled and coated finishing lines at Hamilton Works, Ontario, cutting about 350 jobs, with the scale-down starting October 9. Lake Erie Works continues to operate, and the company expects total tonnage to hold steady with a larger share of hot-rolled product. Stelco cited trade disruption; U.S. Section 232 steel tariffs stand at 50%. (Briefs.co; BNN Bloomberg)

Mesabi Metallics announced a $15 billion DRI-EAF steel mill in Iowa, with Phase 1 at 7.5 million tons a year, about 10 million tons at full build-out and first output targeted for 2030. It would be fed by DR-grade pellets from the company's Nashwauk, Minnesota mine. (SMM; SMM analysis) Turkey imported 12.73 million metric tons of scrap in January–August, up 4.0%, with the United States the largest supplier at 2.48 million tons, up 7.2%. (SteelOrbis) Outokumpu trimmed October North American surcharges on molybdenum-bearing stainless grades by 0.5% to 0.8%. (SMM)

By Carrier

AAR's metallic ores and metals carloads rose 9.5% in the same week AISI raw steel output rose 3.9% year over year. The Southern district produced 46% of national output that week.

The Read

Steel utilization climbed back above 80% from 77.9%, Nucor raised hot-rolled prices again ahead of contract talks, and metallic ores and metals led the named AAR groups. With no holiday in either week, the carload gain looks tied to production. In Ontario, Stelco will shift Hamilton output toward hot-rolled product while holding total tonnage, which changes the mix of cross-border steel shipments more than the volume.

Chemicals and Liquid Bulk

Chemicals posted the largest gain in cars of any named AAR group, up 2,261 to 33,843 (+7.2%). FTAI Infrastructure's Jefferson Energy agreed to acquire USD Group's crude-by-rail assets for about $255 million in cash: the Port Arthur, Texas terminal, built to receive about 50,000 barrels a day of rail-delivered crude and connected by a 12-mile, 24-inch pipeline to Phillips 66's Beaumont terminal, and a 50% stake in the Hardisty, Alberta diluent recovery unit. The company projects about $50 million in annual EBITDA and expects to close in the fourth quarter, subject to regulatory approval. (Offshore Technology, September 29)

Sawtooth Caverns acquired the Bumstead LPG storage facility near Phoenix from Plains LPG Services. Bumstead is served by BNSF on the Ennis Subdivision; Sawtooth's Delta, Utah facility is on UP's Lynndyl Subdivision. Together they hold more than 10 million barrels of NGL and refined-product storage. The price was not disclosed. (Railway Age, September 30) Westlake will close its Cologne, Germany PVC plant, about 165,000 metric tons a year, in the first quarter of 2027, taking about $205 million in pre-tax charges and citing weak demand, energy costs and Asian imports. It will continue to supply customers from its other German plants. (Westlake) Abroad, thyssenkrupp nucera won a chlor-alkali order in Lanzhou, China, and Petkim awarded Technip Energies licensing and FEED contracts for a proposed complex at Aliağa, Türkiye; no final investment decision has been made. (Hydrocarbon Processing)

In plastics, Indian Oil expects to commission a 500,000-ton-a-year polypropylene unit at Koyali, Gujarat by the end of fiscal 2027. (Hydrocarbon Processing) In recycled resin, rHDPE mixed-color bale prices strengthened in the second half of September after declining through the second and third quarters, rPP bales eased slightly, and New Jersey extended food-contact packaging exemptions through 2029. (PlasticsToday, citing ICIS) Sunlite Plastics will lay off about 41 employees at its Germantown, Wisconsin medical tubing plant effective December 7. (PlasticsToday)

By Carrier

In Part 1250 originated chemicals, UP led at 18,615 cars, followed by BNSF at 6,481 and CSX at 5,287. UP's lead comes from its Gulf Coast chemical franchise. Two asset deals involve specific carriers: Sawtooth's Bumstead facility is BNSF-served and its Delta facility UP-served, and Jefferson's Port Arthur terminal receives about 50,000 barrels a day of crude by rail.

Fuels and Fuel Additives

For the week ended September 25, commercial crude inventories rose 900,000 barrels to 427.3 million, 2% above the five-year average. Gasoline stocks fell 1.7 million barrels, and distillate stocks fell 2.3 million barrels to 14% below the five-year average. Gasoline production averaged 9.5 million barrels a day and distillate 5.0 million. Oil & Gas Journal put refinery utilization at 92.5%. (Oil & Gas Journal; OilPrice, September 30)

Retail diesel averaged $6.50 a gallon on September 25, up from $5.61 a month earlier. A week later RFD-TV reported $6.38 against $3.70 a year ago, and Kansas State's Gregg Ibendahl advised farmers to plan for diesel near $6 for spring 2027 planting. (RFD-TV) U.S. distillate exports equal about 40% of domestic consumption, and inventories on September 11 were 107.9 million barrels, the lowest in more than four decades. The White House ruled out a flat export ban on September 23; Energy Secretary Chris Wright has discussed voluntary limits with refiners, and members of Congress have proposed a temporary embargo or pause. (Al Jazeera) Brent was $106 a barrel and WTI $93.40 on September 28. (Invezz)

Ethanol production for the week ended September 25 fell 21,000 barrels a day to 1.007 million, up 1.2% from a year ago. Stocks fell 818,000 barrels to 23.865 million, up 4.8% year over year. (DTN, citing EIA) CARB announced on September 28 its approval of amended gasoline regulations permitting E15, following the September 24 vote reported last week; no retail date was set. (AgWired Energy) The IRS issued Section 45Z clean fuel credit guidance in Notice 2026-53, limiting eligible feedstocks to those produced in the U.S., Mexico or Canada; a final Treasury rule is expected this fall. (AgriNews) New York awarded Buffalo Biodiesel a Part 360 permit for its Tonawanda used-cooking-oil facility. (Biobased Diesel Daily)

By Carrier

The rail fuel surcharge rose 11 cents to $0.59 a mile for October, carrying the diesel increase into rail rates. UP's ethanol unit trains averaged 21.0 mph, the slowest of the six Class I railroads, against 22.7 at BNSF, 23.7 at CPKC, 24.20 at CSX and 24.31 at CN. Jefferson's purchase of the Port Arthur terminal was the week's largest crude-by-rail transaction.

The Read

Crude stocks rose while gasoline and distillate fell, leaving distillate 14% below average. With WTI at $93, diesel near $6.50 a gallon reflects tight distillate supply. High diesel raises the rail fuel surcharge, but it raises truck costs faster on long hauls, so the longer the haul, the more rail stands to gain.

Lumber, Forest and Paper

The Madison's Lumber Prices Index for the week ended September 25 was US$505 per thousand board feet, down 2% ($9) from the prior week and down 3% ($13) from a month earlier. (Madison's) CN opened a second Battle Lumber transload in Wisconsin, at Fond du Lac, extending service about 100 miles farther into the state on a rebuilt former rail yard. The first site, at Duplainville, opened in winter 2025. Lumber originates mainly at Battle Lumber's sawmill in Wadley, Georgia, with traffic also routed via Natchez Railway. No investment figure was disclosed. (Railway Age, September 29)

U.S. Paper Mill LLC will restart Paper Machine 12 at the former Pixelle mill in Chillicothe, Ohio, targeting full production by December 2026. More than 180 employees are on site, with up to 350 more possible within a year. (PaperAge, September 25) Domtar and the Province of British Columbia agreed to restart the Howe Sound Pulp and Paper mill at Port Mellon, about 400 jobs, later in October, subject to a union ratification vote. Domtar had announced an indefinite shutdown on August 20. (The Deep Dive) RYAM reached a milestone on the 70 MW Altamaha biomass cogeneration project at Jesup, Georgia, with commercial operation expected in 2029. (PaperAge) Unconfirmed: PaperAge reported that Sylvamo is applying a $1.00 per hundredweight fuel surcharge on shipments from October 1. Sylvamo had not announced it at press time. (PaperAge)

By Carrier

CN was the only carrier with a forest products facility action this week, adding the Fond du Lac transload alongside Duplainville. Manifest train speed, the relevant measure for carload lumber, ranged from 22.81 mph at CN to 18.2 mph at NS, with CSX at 22.71, BNSF 22.3, UP 21.7 and CPKC 20.0. Neither mill restart identified its serving railroad.

The Read

Lumber prices have fallen for at least two straight weeks as CN extends its lumber reach in Wisconsin. Lower prices leave less room for delivery cost on long hauls, which helps rail with a short truck move compete with all-truck delivery from Southern mills to Northern markets, as on the Wadley-to-Wisconsin route. Manifest service, which varies widely by carrier, will decide how much of that traffic rail keeps.

Cement, Aggregates and Industrial Minerals

U.S. cement shipments were 8.936 million metric tons in May, up 0.3%, and 39.5 million tons for January–May, up 4%. Cement and clinker imports were 2.607 million tons, up 4.1%, led by Türkiye (33%), Vietnam (24%) and Canada (16%). (CemNet, September 29) DG Khan Cement shipped 43,000 tons of low-alkali cement from Pakistan to Houston on September 29. (Global Cement) Vicat entered exclusive talks to buy Cemex's ready-mix and aggregates businesses in southeastern France, with closing targeted by year-end. (Vicat)

Vulcan Materials acquired the Butler Quarry in Pendleton County, Kentucky from Hilltop Stone, a limestone quarry serving Greater Cincinnati and northern Kentucky for more than 70 years. (Pit & Quarry) Cemstone acquired Holst Excavating's mining operations at Hager City, Wisconsin, serving western Wisconsin and southeastern Minnesota. Neither price was disclosed. (Rock Products)

Sage Potash reported 13.1 meters averaging 36.3% KCl at its Sage Plain Project in Utah and expects an updated resource estimate in mid-to-late November. The U.S. imports 92% to 93% of its potash, 83% of it from Canada. (Discovery Alert) Road salt procurement remains tight heading into winter. Earlier this season, Weirton, West Virginia received no bids and authorized purchases at up to $175 a ton delivered against $88.38 last year, and Will County, Illinois declared emergency procurement after receiving no bids. (Weirton Daily Times)

By Carrier

AAR nonmetallic minerals, which includes crushed stone, sand and gravel, rose 3.7% to 34,021 carloads. Neither quarry acquisition disclosed rail service.

Frac Sand, Coal and Fertilizer

Frac sand and proppant. The Baker Hughes count for September 25 put the U.S. at 599 rigs (455 oil, 135 gas), up 4 on the week and 50 from a year earlier, the highest since May 2024. Canada rose 11 to 208. (Baker Hughes) The industry met at the annual Frac Sand Conference in San Antonio.

Coal, petcoke and coke. AAR coal carloads were 58,280, down 2.1%. EIA put coal production for the week ended September 26 at 10.054 million short tons, up 0.2% on the week and down 1.0% year over year; year to date, 382.7 million tons, down 2.1%. Wyoming produced 4.095 million tons. (IndexBox, citing EIA) Peabody, Union Pacific and Ferromex completed a pilot shipment of coal from the North Antelope Rochelle mine in Wyoming through Mexico to Vietnam, as an alternative to Pacific Northwest terminals. The parties described it as a test of feasibility, not commercial viability. North Antelope Rochelle produced 65 million short tons in 2025. (CoalZoom) Chinese mills cut coke prices by 100 to 110 yuan a metric ton effective October 1. (SMM)

Fertilizer. DTN's retail survey for September 21–25 put anhydrous ammonia at $977 a ton, up 6% from a month earlier and 25% from a year ago, the only significant move. Urea was $675, UAN28 $423, UAN32 $479, DAP $926, MAP $970, potash $498 and 10-34-0 $701. (DTN/Progressive Farmer) Canpotex announced a $500 million upgrade at Neptune Bulk Terminals in Vancouver to expand potash vessel loading, to be completed in 2028. (Global Agriculture) The administration has discussed buying potash from Belarus; Belarus says its supply is nearly all contracted to China, and Canada ships about 10 million tons a year to U.S. buyers tariff-free. (KCHA News)

By Carrier

In Part 1250 originated coal, BNSF led at 22,427 cars, followed by UP at 14,047, CSX at 11,763 and NS at 9,337. UP's coal unit trains averaged 25.8 mph, the fastest coal speed of the six Class I railroads and 34% faster than NS at 19.3, with BNSF at 22.7, CSX 22.28, CN 21.17 and CPKC 18.7. UP was also the U.S. carrier on the Peabody–Ferromex pilot shipment.

The Read

Coal production was flat on the week, carloads fell 2.1%, and year-to-date output trails 2025 by 2.1%. EIA expects coal's share of U.S. generation to slip from 17% in 2025 to 14% in 2027. The Peabody–UP–Ferromex pilot was a single shipment, but its route is significant: an export path to Asia through Mexican ports would change which railroads carry Powder River Basin export coal.

Market Moves

Terminals and Facilities

A grain transload opened in September at the Seagirt terminal, Port of Baltimore, operated by Ports America Chesapeake, with three silos holding 60,000 bushels and capacity for more than 200 containers a week of soybeans, corn and wheat. It is served by the Canton Railroad, which interchanges with CSX and NS. Construction of a $42 million expansion of the port's Intermodal Container Transfer Facility starts in October and will raise annual capacity from 60,000–70,000 lifts to more than 160,000 by 2028, handling double-stack international containers via the rebuilt Howard Street Tunnel. (RailPrime, October 1)

OmniTRAX launched OmniTRAX Connect, an expanded transload platform offering rail-to-road service in selected markets across its 39 short lines in the U.S. and Canada. Customers named include The Home Depot, Clorox, CMC Steel, Tata Chemicals and WE Soda. Locations, capacity and investment were not disclosed. (Railway Age, September 30)

CN opened a second Battle Lumber transload at Fond du Lac, Wisconsin; details are under Lumber, Forest and Paper. Sawtooth Caverns acquired the BNSF-served Bumstead LPG facility near Phoenix; details are under Chemicals and Liquid Bulk.

Railroads and Short Lines

Macquarie Infrastructure Partners V will acquire the Kankakee, Beaverville and Southern Railroad, about 159.7 miles in Illinois and Indiana (STB FD 36957). The transaction may be completed on or after October 17. (Federal Register, October 2)

CPKC and CN filed winter plans. CPKC's fourth annual winter contingency plan commits grain capacity of up to 700,000 metric tons a week, and the railroad reports the lowest FRA-reportable train accident rate among Class I railroads for a third straight year. CN's 2026–2027 plan focuses on fleet reliability and technology. (Railway Age; Progressive Railroading)

The Ohio Rail Development Commission approved nearly $1.6 million for two rehabilitation projects: $744,000 to Ashland Railway for 4 miles of the Willard Line in Richland County, the first phase of a 12-mile upgrade on a line that interchanges with NS and CSX, and $190,000 to Independence Rail Works for about 3 miles between Derwent and Pleasant City in Guernsey County. Megan McClory was named acting executive director, succeeding Matthew Dietrich. (Progressive Railroading)

InfraRed Capital Partners agreed to acquire Hector Rail from Ancala Partners for SEK 2.61 billion. The Scandinavian freight operator runs about 100 electric locomotives in Sweden, Norway, Denmark and Germany. (Railway Gazette)

Equipment, Labor and Rates

Labor. CPKC and BLET reached a tentative five-year agreement covering about 250 train and engine employees on the southern portion of the Dakota, Minnesota & Eastern in Minnesota, Iowa, Illinois and Missouri. It raises engineer pay 41.42% and conductor and brakeman pay 32.63%, compounded, bringing DM&E pay to parity with the Soo Line by 2029. Members vote October 9. (Progressive Railroading)

Equipment. CPKC's winter plan includes more than C$500 million for high-capacity hopper cars and more than C$1 billion for new locomotives over several years, including 170 Tier 4 Wabtec units delivered in 2025–2026 and 65 Tier 4 Progress Rail units expected in 2026–2027. Canada's Transportation Safety Board recommended that Transport Canada and the railways analyze wheel impact load detector data for trends across sites, following its investigation of an 18-car CN grain derailment near Uncas, Alberta in April 2023 caused by a shattered rim on a 1991-built wheel. (Railway Age)

Rates. The BNSF and UP corn tariff increases and the October fuel surcharge step, covered under Grain and Agriculture, were the week's rate actions.

Policy and Funding

Alameda Belt Line, STB Finance Docket No. FD 36946. ABL seeks to take over common carrier operations on about 18 miles in five segments in the Los Angeles Basin, including Port of Los Angeles and Port of Long Beach track, the Alameda Corridor (MP 0.0–18.2) and UP's Northerly and Southerly Drill Tracks, replacing Pacific Harbor Line as switching carrier for both ports. The exemption takes effect October 16; stay petitions are due October 9. (Federal Register, October 2)

Abandonments and discontinuances. UP will discontinue service on 2.76 miles of the Rialto Line of the Baldwin Park Branch in San Bernardino County, California (AB 33, Sub-No. 353X), effective November 1. CSX will abandon about 2.07 miles of the Cincinnati Terminal–Industrial Track Subdivision in Hamilton County, Ohio (AB 55, Sub-No. 823X), effective October 28. (Federal Register; Federal Register)

UP–NS merger, STB Finance Docket No. FD 36873. The Board issued no decision this week; its most recent action remains the September 18 denial of motions for summary denial. Notices of intent to participate were due September 30, and no list of parties had been published by October 2. Pennsylvania state Sen. Steve Santarsiero and state Rep. Jim Prokopiak asked the Board to pause its review until a full Environmental Impact Statement is complete, and BLET launched a portal for members to file comments opposing the merger. (STB; Tri-State Alert; BLET)

Railway Safety Act. A coalition led by the Competitive Enterprise Institute wrote to Senate committee leaders opposing inclusion of the Railway Safety Act in surface transportation reauthorization, objecting to the two-person crew and wayside bearing detector mandates. (Progressive Railroading)

Funding. PHMSA announced $128.2 million in FY2026 pipeline and hazmat safety grants on September 30, including $450,000 to the Short Line Safety Institute for free hazmat training for eligible railroads and responders. (Railway Age) NJDOT's Rail Freight Assistance Program FY27 offers $25 million, up to 90% of project cost with a 10% match and two applications per applicant; an approved SAGE eligibility form is required first, and applications are due October 9. (NJDOT) FRA CRISI FY25–26 closed June 25, 2026, and the Railroad Crossing Elimination Program closed in June.

Dates to Watch

DateEventWhy it matters
Oct 8, 2026CSX Hamilton County, Ohio abandonment: offers of financial assistance and trail use requests dueLast step before 2.07 miles of Cincinnati industrial track is abandoned
Oct 9, 2026NJDOT Rail Freight Assistance Program FY27 applications due$25 million, up to 90% of project cost
Oct 9, 2026Stay petitions due in FD 36946 (Alameda Belt Line) and FD 36957 (Macquarie/KBSR)Port switching carrier change and a short line ownership change
Oct 9, 2026CPKC–BLET DM&E ratification voteAbout 250 train and engine employees in four states
Oct 9, 2026Stelco begins scaling down Hamilton finishing linesAbout 350 jobs; Ontario output shifts toward hot-rolled
Oct 16, 2026Alameda Belt Line exemption takes effectReplaces Pacific Harbor Line at Los Angeles and Long Beach
Oct 17, 2026Macquarie/KBSR transaction may be completedNew ownership on 159.7 miles in Illinois and Indiana
Oct 2026Port of Baltimore ICTF expansion construction beginsCapacity rises to more than 160,000 lifts by 2028
Oct 2026Howe Sound Pulp and Paper restart, pending ratificationAbout 400 jobs and B.C. pulp capacity return
Oct 28, 2026CSX Hamilton County, Ohio abandonment effective2.07-mile segment leaves the network
Nov 1, 2026UP Rialto Line discontinuance effectiveService ends on 2.76 miles in San Bernardino County
Nov 18, 2026STB FD 36873: opening comments and responsive applications dueTrackage rights and gateway access conditions
Mid–late Nov 2026Sage Potash updated resource estimatePotential domestic potash supply
Dec 2026Chillicothe, Ohio paper mill targets full production; Sunlite Plastics layoffs effective Dec 7One plant ramping up, one cutting back
Fall 2026Final Treasury rule on Section 45Z clean fuel creditNorth American feedstock rules shape biofuel flows
Q4 2026Jefferson–USD Group closing; Vicat–Cemex closing targeted by Dec 31New ownership of the Port Arthur crude-by-rail terminal
Feb 16, 2027STB FD 36873: responses dueSecond round of the merger record
Q1 2027Westlake Cologne PVC plant closesAbout 165,000 metric tons a year of European PVC capacity
May 28, 2027STB FD 36873: final briefs dueCloses the evidentiary record
2028Canpotex Neptune upgrade and Baltimore ICTF expansion completePotash export and Baltimore intermodal capacity
2029–2030RYAM Altamaha cogeneration (2029); Mesabi Metallics Iowa mill first output (2030)Long-term industrial capacity additions

Sources

  1. AAR weekly rail traffic, week ending September 26, 2026, via American Journal of Transportation — ajot.com
  2. AAR weekly rail traffic, week ending September 26, 2026, via Material Handling Wholesaler — mhwmag.com
  3. "U.S. freight-rail traffic ticks up in week 38," Progressive Railroading, October 1, 2026 — progressiverailroading.com
  4. "Another strong week for industrial rail freight," FreightWaves, September 30, 2026 — freightwaves.com
  5. "AAR: U.S. rail traffic uptick continues in week 38," Railway Age, September 30, 2026 — railwayage.com
  6. AAR weekly rail traffic, week ending September 19, 2026 — aar.org
  7. Union Pacific key performance metrics — investor.unionpacific.com
  8. Norfolk Southern weekly performance reports — norfolksouthern.investorroom.com
  9. CN key weekly metrics — cn.ca
  10. CSX weekly key metrics — investors.csx.com
  11. USDA AgTransport / STB Part 1250 weekly rail data, week ending September 26, 2026, via IndexBox — indexbox.io
  12. STB EP 724 weekly service metrics, via IndexBox, October 1, 2026 — indexbox.io
  13. Surface Transportation Board, All Class I Railroads Service Update, September 30, 2026 — stb.gov
  14. USDA Agricultural Marketing Service, Grain Transportation Report, October 1, 2026 — ams.usda.gov
  15. IndexBox, USDA Grain Transportation Report summary, October 1, 2026 — indexbox.io
  16. IndexBox, U.S. agricultural export sales, week ending September 24, 2026 — indexbox.io
  17. DTN/Progressive Farmer, USDA Crop Progress, September 28, 2026 — dtnpf.com
  18. DTN/Progressive Farmer, USDA Quarterly Grain Stocks, September 30, 2026 — dtnpf.com
  19. DTN/Progressive Farmer, retail fertilizer prices, September 30, 2026 — dtnpf.com
  20. DTN/Progressive Farmer, EIA weekly ethanol data, September 30, 2026 — dtnpf.com
  21. Global Agriculture, Canpotex Neptune terminal upgrade, October 1, 2026 — global-agriculture.com
  22. KCHA News, "Ag Matters: Potash Debacle," September 30, 2026 — kchanews.com
  23. Oil & Gas Journal, EIA weekly crude inventories, September 30, 2026 — ogj.com
  24. OilPrice.com, EIA weekly inventories, September 30, 2026 — oilprice.com
  25. Al Jazeera, U.S. diesel export restrictions, September 25, 2026 — aljazeera.com
  26. RFD-TV, diesel prices and spring planting, October 1, 2026 — rfdtv.com
  27. Invezz, crude oil prices, September 28, 2026 — invezz.com
  28. AgWired Energy, CARB E15 approval, September 28, 2026 — energy.agwired.com
  29. AgriNews, IRS Section 45Z guidance, September 27, 2026 — agrinews-pubs.com
  30. Biobased Diesel Daily, Buffalo Biodiesel Part 360 permit, September 30, 2026 — biobased-diesel.com
  31. Baker Hughes North America rotary rig count, week ended September 25, 2026 — rigcount.bakerhughes.com
  32. American Iron and Steel Institute, weekly raw steel production — steel.org
  33. SteelOrbis, U.S. raw steel production, September 29, 2026 — steelorbis.com
  34. SteelOrbis, Turkey scrap imports January–August 2026, October 1, 2026 — steelorbis.com
  35. Shanghai Metals Market, Nucor hot-rolled coil price, September 30, 2026 — news.metal.com
  36. Shanghai Metals Market, Mesabi Metallics Iowa mill, September 30, 2026 — news.metal.com
  37. Shanghai Metals Market, analysis of the Iowa mill, October 1, 2026 — news.metal.com
  38. Shanghai Metals Market, Outokumpu October surcharges, October 1, 2026 — news.metal.com
  39. Shanghai Metals Market, coking coal and coke daily brief, September 30, 2026 — news.metal.com
  40. Briefs.co, Stelco Hamilton finishing lines, September 28, 2026 — briefs.co
  41. BNN Bloomberg, Canadian steel industry and tariffs, September 29, 2026 — bnnbloomberg.ca
  42. Offshore Technology, FTAI acquisition of USD Group crude logistics assets, September 29, 2026 — offshore-technology.com
  43. Railway Age, Sawtooth Caverns Bumstead acquisition, September 30, 2026 — railwayage.com
  44. Westlake Corporation, Cologne PVC plant closure, September 29, 2026 — globenewswire.com
  45. Hydrocarbon Processing, Petkim and Technip Energies contracts, September 29, 2026 — hydrocarbonprocessing.com
  46. Hydrocarbon Processing, thyssenkrupp nucera chlor-alkali order, September 29, 2026 — hydrocarbonprocessing.com
  47. Hydrocarbon Processing, Indian Oil Koyali polypropylene unit, October 1, 2026 — hydrocarbonprocessing.com
  48. PlasticsToday, recycled plastics markets, September 29, 2026 — plasticstoday.com
  49. PlasticsToday, Sunlite Plastics layoffs, September 29, 2026 — plasticstoday.com
  50. Madison's Lumber Prices Index, September 25, 2026 — madisonsreport.com
  51. Railway Age, CN terminal efficiency and Wisconsin transload expansion, September 29, 2026 — railwayage.com
  52. PaperAge, U.S. Paper Mill Chillicothe restart, September 25, 2026 — paperage.com
  53. PaperAge, Sylvamo fuel surcharge report, September 29, 2026 — paperage.com
  54. PaperAge, RYAM Altamaha Green Energy Project, September 30, 2026 — paperage.com
  55. The Deep Dive, Howe Sound Pulp and Paper restart, October 2, 2026 — thedeepdive.ca
  56. CemNet, U.S. cement shipments for May, September 29, 2026 — cemnet.com
  57. Global Cement, DG Khan shipment to Houston, October 1, 2026 — globalcement.com
  58. Vicat, proposed acquisition of Cemex businesses in France, October 1, 2026 — vicat.com
  59. Pit & Quarry, Vulcan Materials Kentucky quarry, September 29, 2026 — pitandquarry.com
  60. Rock Products, Cemstone Hager City acquisition, September 30, 2026 — rockproducts.com
  61. Discovery Alert, Sage Potash drill results, October 2, 2026 — discoveryalert.com
  62. Weirton Daily Times, road salt bids, September 5, 2026 — weirtondailytimes.com
  63. IndexBox, EIA weekly coal production, October 1, 2026 — indexbox.io
  64. CoalZoom, Peabody, Union Pacific and Ferromex pilot shipment, September 25, 2026 — coalzoom.com
  65. RailPrime, Port of Baltimore grain and intermodal capacity, October 1, 2026 — progressiverailroading.com
  66. Railway Age, OmniTRAX transload platform, September 30, 2026 — railwayage.com
  67. Progressive Railroading, OmniTRAX Connect, September 30, 2026 — progressiverailroading.com
  68. Federal Register, Alameda Belt Line operation exemption, FD 36946, October 2, 2026 — federalregister.gov
  69. Federal Register, Macquarie Infrastructure Partners V control exemption, FD 36957, October 2, 2026 — federalregister.gov
  70. Federal Register, Union Pacific discontinuance, AB 33 (Sub-No. 353X), October 2, 2026 — federalregister.gov
  71. Federal Register, CSX abandonment, AB 55 (Sub-No. 823X), September 28, 2026 — federalregister.gov
  72. Railway Age, CPKC winter contingency report, October 1, 2026 — railwayage.com
  73. Progressive Railroading, CN winter plan, September 30, 2026 — progressiverailroading.com
  74. Progressive Railroading, Ohio Rail Development Commission grants, September 30, 2026 — progressiverailroading.com
  75. Railway Gazette International, InfraRed acquisition of Hector Rail, September 28, 2026 — railwaygazette.com
  76. Progressive Railroading, CPKC–BLET tentative agreement, October 1, 2026 — progressiverailroading.com
  77. Railway Age, TSB recommendation on railcar wheel analytics, September 25, 2026 — railwayage.com
  78. Progressive Railroading, coalition letter on the Railway Safety Act, October 1, 2026 — progressiverailroading.com
  79. Surface Transportation Board, UP–NS merger resources, FD 36873 — stb.gov
  80. Tri-State Alert, Pennsylvania lawmakers on UP–NS merger review, September 28, 2026 — tristatealert.com
  81. BLET, UP–NS merger comment portal, September 28, 2026 — blet.org
  82. Railway Age, Short Line Safety Institute hazmat training grants, October 1, 2026 — railwayage.com
  83. NJDOT Rail Freight Assistance Program FY27 — njdotlocalhub.nj.gov

About The Interchange Weekly

A weekly brief on North American freight rail markets, published every Friday by Rail-Industrial Partners, covering rail volumes by commodity and by carrier, terminal and facility development, and the commodity markets that move by rail.

Method

Every figure is attributed to a named public source and linked. Volume data comes from AAR's weekly release and from STB Part 1250 filings via the USDA AgTransport mirror. AAR and STB figures are never combined in one comparison. Prices available only by subscription are not quoted.

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About Rail-Industrial Partners

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Disclaimer

The Interchange Weekly is an informational summary compiled from publicly available sources, published to bring a week's worth of freight rail reporting into one place. Every item is attributed to its original publisher and linked, and readers are encouraged to consult those sources directly for full context. Rail-Industrial Partners claims no ownership of the underlying reporting. All trademarks, company names, railroad names and publication names are the property of their respective owners, and reference to any company, railroad, agency or publication does not imply affiliation with or endorsement by Rail-Industrial Partners.

Statistical data is drawn from the Association of American Railroads' weekly public release and from Surface Transportation Board Part 1250 filings as published by the U.S. Department of Agriculture. Figures are reproduced as published and have not been independently audited. Passages labeled "The Read" are market interpretation and opinion, not statements of fact.

While reasonable care is taken in preparing this report, Rail-Industrial Partners makes no representation or warranty as to the accuracy, completeness or timeliness of any information contained in it, and accepts no liability for any loss or decision arising from reliance on it. Nothing here constitutes investment, legal, regulatory, financial, commercial or operational advice, or an offer or solicitation of any kind. Verify any figure against the linked primary source before acting on it.

The Interchange Weekly · Issue 05 · Week of September 28, 2026 · Published by Rail-Industrial Partners · rail-industrial.com

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