No signs of economic sluggishness here. Intermodal rail traffic notched another new 7 month high as year over year growth came in at 6.3% for the week ending November 9th. This brings the 12 week moving average to 5% which is the highest reading we’ve seen since early April.
(via Orcam Financial Group)
Here’s more via the AAR:
“The Association of American Railroads (AAR) today reported increased weekly rail traffic for the week ending Nov. 9, 2013 with 297,581 total U.S. carloads, up 4.9 percent compared with the same week last year. Total U.S. weekly intermodal volume was 265,259 units, up 6.3 percent compared with the same week last year, and up for the 19th straight week in a row. Total combined U.S. weekly rail traffic was 562,840 carloads and intermodal units, up 5.6 percent compared with the same week last year.Eight of the 10 carload commodity groups posted increases compared with the same week in 2012, including petroleum and petroleum products with 14,400 carloads, up 25.0 percent; grain with 23,744 carloads, up 21.3 percent; and motor vehicles and parts with 19,341, up 20.5 percent. Commodities showing a decrease compared with the same week last year included coal with 114,084 carloads, down 0.6 percent.For the first 45 weeks of 2013, U.S. railroads reported cumulative volume of 12,681,728 carloads, down 0.5 percent from the same point last year, and 11,130,624 intermodal units, up 4.1 percent from last year. Total combined U.S. traffic for the first 45 weeks of 2013 was 23,812,352 carloads and intermodal units, up 1.6 percent from last year.”