The May Railtime Indicators report has been released and it is consistent with a rather sluggish economy:
“On the carload side, May 2011 was not especially impressive, following a not especially impressive April. U.S. freight railroads originated 1,159,328 carloads in May, an average of 289,832 per week. That’s up 0.5% (5,960 carloads for the month) on a seasonally unadjusted basis over May 2010, though it was up 16.4% (163,308 carloads) over May 2009.”
“For the year to date through May, total U.S. rail carloadings in 2011 were 6,110,554, up 3.2% (186,751 carloads) over the first five months of 2010. Neither 2011 nor 2010 include the Memorial Day holiday.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.