Rail traffic continued to show strong year over year growth, but appears to be moderating off of higher levels and easy year over year comparisons (via AAR):
The Association of American Railroads (AAR) today reported that weekly rail traffic continues to see modest year-over-year gains with U.S. railroads originating 288,056 carloads for the week ending Nov. 6, 2010, up 4.9 percent compared with the same week last year. Intermodal traffic for the week totaled 231,078 trailers and containers, up 11.7 percent compared with the same week a year ago, with container volume up 12.4 percent and trailer volume up 7.7 percent.
Thirteen of the 19 carload commodity groups increased from the comparable week in 2009, with significant gains in metallic ores, up 45.8 percent; metals and products, up 31.1 percent; crushed stone, sand and gravel, up 26 percent; and farm products excluding grain, up 25.9 percent. Commodity groups posting declines included nonmetallic minerals, down 17.8 percent; primary forest products, down 13.2 percent; grain, down 9.1 percent; motor vehicles and equipment, down 5.9 percent; and grain mill products, down .2 percent.