Industry indicators

Railway Age, Oct, 2003

TRAFFIC ORIGINATED

CARLOADS               WEEK 37 ENDING SEPTEMBER 15, 2003

MAJOR U.S. RAILROADS

By commodity               2003      2002   % Change
Agricultural
  products               39,690    38,697     2.6%
Chemicals                35,350    35,011     1.0%
Coal                    132,363   137,240    -3.6%
Forest products          18,320    17,328     5.7%
Metallic ores & min.     31,252    33,869    -7.7%
Motor veh. & equip.      27,568    26,141     5.5%
Nonmetallic min.
  & prod.                42,638    39,794     7.1%
Other carloads           15,640    14,908     4.9%
Total cars loaded       342,821   342,988     0.0%

CANADIAN RAILROADS

By commodity               2003      2002   % Change
Agricultural
  products               13,648    11,946      14.2%
Chemicals                14,286    14,818      -3.6%
Coal                      7,394     7,611      -2.9%
Forest products          10,689    11,088      -3.6%
Metallic ores
  and min.                4,003     6,165     -35.1%
Motor veh. & equip.       7,994     8,297      -3.7%
Nonmetallic min.
  & prod.                 5,281     4,318      22.3%
Other carloads            2,156     2,019       6.8%
Total cars loaded        65,451    66,262      -1.2%

U.S./Canadian total     408,272   409,250      -0.2%

U.S. TOTAL               37 weeks: 11,948,928 *
                         % change from 2002: -0.3%
CANADIAN TOTAL           37 weeks: 2,258,292 *
                         % change from 2002: -1.4%
U.S./CANADIAN TOTAL      37 weeks: 14,207,220 *
                         % change from 2002: -0.5%

MEXICO (TFM reporting)

All commodities           7,906    8,723       -9.4%
TOTALM                   37 weeks: 313.337 *
                         % change from 2002: 0.3

INTERMODAL UNITS       WEEK 37 ENDING SEPTEMBER 15, 2003

U.S. TRAFFIC

Trailers                54,851    51,577    6.3%
Containers             152,092   149,159    2.0%
Total units            206,943   200,736    3.1%

CANADIAN TRAFFIC

Trailers                 4,402     4,827   -8.8%
Containers              38,030    38,240   -0.5%
Total units             42,432    43,067   -1.5%

U.S./Canadian total    249,375   243,803    2.3%

U.S. TOTAL             37 weeks: 6,942,640 *
                       % change from 2002: 5.2%
CANADIAN TOTAL         37 weeks: 1,529,190 *
                       % change from 2002: 7.8%
U.S./CANADIAN TOTAL    37 weeks: 8,471,830 *
                       % change from 2002: 5.7%

MEXICO (TFM reporting)

Trailers                  565       476    18.7%
Containers              2,711     3,061   -11.4%
Total units             3,276     3,537    -7.4%

TOTAL                  37 weeks: 129,167 *
                       % change from 2002: 21.0%

Estimated ton-miles (billions),
                       U.S. Class I railroads

Week 37                2003      2002      % change
                       30.4      29.8      2.0%

Totals 2003            2003: 1,055.1 * 2002: 1,046.8 *
                       % change: 0.8%

Source: "Weekly Railroad Traffic," Association of American Railroads

Railcar deliveries
a revised forecast

                Intermodal units

                Units in Thousands

    2002          17,714
    2003          29,950
    2004          39,250
    2005          45,500
    2006          52,000
    2007          56,450
    2008          58,500

Source: Economic Planning Associates, Inc.--August 2003

Note: Table made from bar graph.

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