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).”
Did you have a comment or question about this post, finance, economics or your love life? Feel free to use the discussion forum here to continue the discussion.*
*We take no responsibility for bad relationship advice.