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Pragmatic Capitalism

Practical Views on Money & Finance

RAIL TRAFFIC CONTINUES TO SURGE

The AAR‘s latest report on rail traffic continues to show positive signs of economic activity.  They reported U.S. railroads originated 288,495 carloads during the week ended April 10th.  This was 16.4% higher compared to 2009.  Intermodal traffic also posted strong gains with 14.2% increases over 2009, but a 10.5% decline versus 2008.  The strength in the data was very broad as all 19 commodity groups posted gains:

“Among the 19 carload commodity groups, particularly strong gains were reported in shipments of metals (108.6 percent); metallic ores (97.6 percent); primary forest products (54.4 percent); scrap (54 percent); motor vehicles (35.5 percent), and chemicals (26 percent).”

Source: AAR

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Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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